Based in Dubai, KBW Investments has a portfolio spanning construction, manufacturing, engineering, project management, automation, technology, and more. Founded by Chairman HRH Prince Khaled bin Alwaleed bin Talal, KBW Investments (KBW), in the just under a years time, has penned several agreements rocketing the company forward.
KBW first garnered headlines in January 2014 for its acquisition of 150 year-old Raimondi Cranes, a heritage tower crane manufacturer. Based in Italy, Raimondi Cranes boasts over 16,000 cranes sold with a presence on more than 10,000 construction jobsites globally. Raimondi recently released its newest tower crane with enhanced technologies, the MRT159, to be followed immediately by the launch of a new luffing crane model.
In May of this year, KBWs subsidiary NGP Limited signed a landmark agreement in partnership with Indian ITNL. The agreement was Dubais first PPP under Law 22 with Dubai Courts to build, operate, transfer (BOT) the new Supreme Courts automated parking structure, planned to be the largest in the world with an estimated completion target of Q4 2018.
In the hospitality sector KBW company Klampfer further cemented an existing partnership with Basma Group Sharjah (Basma), Chaired by HE Sheikh Sultan bin Ahmed Al Qasimi, to build the Majlis Grand Mercure Sharjah Resort and Spa. The development, a $100mn hospitality project situated in Sharjah will be followed by various construction projects across multiple sectors under the KBW-Basma banners.
KBW also executed a number of acquisitions and established several joint ventures and partnerships over the past 12 months including the formation of Ascorel Middle East, to service the MENA regions heavy machinery segment.
The most recent KBW acquisition, a majority stake in Grayscale Interiors, took place in June 2016. Grayscale Interiors, an interior fit-out company based in the UAE, serves to round out the Groups overall turn-key project capabilities. At the time of writing, KBW had also just released a statement confirming a multitier partnership with Greek infrastructure powerhouse Salfo and Associates SA.