KUWAIT CITY, Nov 12: KFH – Group CEO, Mazin Saad Al-Nahedh stressed the importance of the strategic diversification of KFH businesses, indicating KFH general strategy aims to achieve strong performance and sustainable profitability. KFH supports The Kuwaiti Manager Holding Company (KMC) and its subsidiaries to efficiently take part in executing the development projects in Kuwait and the GCC in efforts to achieve further construction and civilizational boom.
Al-Nahedh expressed his confidence that KMC Holding has great growth potential, especially in light of its global consortiums and distinguished performance.
The company has milestone achievements in Kuwait and the GCC, which allows it to be a key player in executing several mega projects. The company has First Class Rating from the Central Tenders Committee (CTC), and it obtained International Organization for Standardization certificate (ISO 9001: 2000).
Meanwhile, Mohammed Al Shalfan, General Manager – KMC Holding stated that the company endeavors to expand its businesses in activation of its ambitious plans and income diversifications, not to mention the comprehensive services that include construction, project management etc.
Building on 20 years of success, KMC Holding projects size is worth USD 750 million in Kuwait and the GCC. The company executes every real estate and construction project as per international standards and in line with highest levels of quality, which qualifies it to participate in the country’s development projects. He hailed KFH’s support to the company’s businesses which is a motivation for further expansion and growth.
“Despite the fierce competition in contracting projects and construction sector, KMC Holding is currently executing a number of distinguished projects in Kuwait, most prominently, the National Museum of Kuwait project that is expected to be concluded Q2 2017, the Headquarters of Ministry of Awqaf & Islamic Affairs, public and service buildings in Wafra in addition to many other projects.” Added Alshalfan.
He said that the company is executing several projects in the GCC market including many construction and development projects in Bahrain, Saudi and Oman indicating that the company had concluded the construction of many hotels in Kuwait and the GCC.
He noted that KMC Holding owns many companies: KMC Project Management, KMC Contracting, KMC Electromechanical, KMC Readymix, KMC Building Materials and KMC Real Estate.