KFH supports development projects of KMC
Kuwait : KFH yesterday announced its backing to the Kuwaiti Manager Holding Company (KMC) and its subsidiaries in executing development projects in Kuwait and the GCC.
Commenting on the move, KFH-Group CEO, Mazin Saad Al Nahedh stressed the importance of the strategic diversification of KFH businesses, indicating that the general strategy of KFH aims to achieve strong performance and sustainable profitability.
On the occasion, Al Nahedh expressed his confidence that KMC Holding has great growth potential, especially in light of its global consortiums and distinguished
performance.
KMC Holding 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 Organisation for Standardization certificate (ISO 9001: 2000).
Meanwhile, Mohammed Al Shalfan, General Manager-KMC Holding said, “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.”
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.
KMC Holding projects size is worth USD750 million in Kuwait and the GCC.
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