Prominent Saudi Businessman Prince Khalid (PK) and KM Properties (KM) have announced a newly completed joint venture under the name of KMPK Properties with offices operating in Riyadh, Dammam and Jeddah.
KM Properties, a subsidiary of Dubai based KM Holding, is a fully-fledged real estate developer. KM Properties owns number of projects in the UAE at a value of 4.3 Billion AED, which covers modern offices and residential towers, retail areas, healthcare clinics and luxury hotels. All these projects are of exceptional quality, value and are designed by world renowned architects and leading designers such as Carlos Ott and Terry Farrrell.
The chairman of the new development company, businessman HRH Prince Khalid Bin Al Waleed Bin Talal Al Saud, has highlighted the significance of the newly established KMPK Properties, stating that he is strongly committed to taking part in the implementation of the vision of the custodian of the two holy mosques, King Abdullah’s efforts to bring more Saudis, especially women, to the economic forefront and to create more investment opportunities in Saudi Arabia.
“To bring more women to the economic forefront is not an easy exercise but we will showcase a good business model of how to encourage women in private sector companies like KMPK Properties where they play roles at all levels of the corporate ladder, this gesture will in turn encourage and guide other companies to utilise the talents of women in a wider context. Such a business model is of particular significance in a society where conservatism in the workforce and traditional inhibitions largely exists,” Prince Khalid stated.
Khulood Al Rostamani, co-founder & group director of KM Holding, said: “KMPK Properties is expected to play a major role in attracting the investments and capital of Saudi businesswomen. Also, a whole section that is exclusive for women has been established for this purpose whereas we have trained a group of Saudi national women who are interested in joining the workforce. In addition, some of the concepts developed in the projects would cater to women as a target segment and will be built around businesswomen’s needs.”
Prince Khalid added: “KMPK Properties’ knowledge of the Saudi market, backed by a experienced team of professionals, technical know-how and solid experience in investment products structuring, will surely provide our would-be investors with the investment vehicle they require. I urge local and international investors to invest in Saudi Arabia through KMPK Properties, where we will be delighted to take any investor through our wide selection of real estate low risk projects, investment returns, legality and the full life cycle of the investment.
“KMPK Properties is eager to give back to the community at large,” he added. An entry of this scale is expected to create a substantial number of jobs in the Saudi market, while adding to the economy.
Dr. Mohamed Haddad, Chairman of KM Holding and Vice Chairman/CEO of the new company KMPK Properties talked about the various real estate projects that will be developed by KMPK Properties using their “Six Value Benefits” character, which includes: hotel facilities services, prime locations, good accessibility, luxury design, quality and delivery aspects.
“One of the investment products KMPK Properties offers is equity investments, in which investment banks and private funds will invest directly into our high return, low risk real estate development projects through winning formulas and smart strategies,” Dr Haddad said.
“When our clients invest in KMPK Properties, they do it with the assurance that they are investing into the trust in our name as much as the project itself. This trust makes us take responsibility in a professional manner, where at all times before starting any project we audit all our internal financials, market research and risk studies, assisted by renowned international third parties on behalf of our investors at our own cost, because we desire the best for our investors. Everything from project conceptualisation to design to post construction, including project handover, is carefully planned keeping in mind our consumers’ interest at all times,” concluded Dr. Mohamed Al Haddad.
About KM Holding:
KM Holding is one of the fastest growing conglomerates in the Gulf, with core business in the areas of automobile sales and services; management consulting services; real estate development, property management and construction; hotel leisure and entertainment, licensing businesses and healthcare.
