KMC Holding Honored at the Conclusion of the First Contractors Convention
Kuwait Manager Company Holding (KMC) was honored at a recent ceremony for their contribution to the success of the first Kuwait Contractors Convention.
The SAS Hotel hosted the event last Thursday and the honor ceremony took place during a gala dinner. Public Relations Manager Ahmad Al Sanad received the award on behalf of KMC from Minister of Works Undersecretary Abdulaziz Al Kuleib.
The convention brought together prominent leading local companies in the construction and engineering fields. The affair also effectively tackled vital issues facing the market in addition to forecasting challenges and proposed solutions through brainstorming workshops.
“KMC Holding was seeking to participate and provide sponsorship for the event. The goal being to shed light on the importance of continuous communications among the various institutions in Kuwait, whether they are in the private or public sectors. The aim behind designing and executing large projects would be turning the economic wheel. Private sector companies are efficient and experienced enough to be qualified for implementing the mega projects that at the same time will require governmental spending to contribute to their completion,” Al Sanad said.
About KMC
KMC Holdings, formally known as the Kuwaiti Manager Company, is one of the fastest growing Shariah compliant holding companies in the Middle East. Founded on the principles of trust, direction and delivery, KMC owns and manages a group of companies and factories which have the expertise, presence and prominence in the fields of contracting, construction and manufacturing in the Middle East.
KMC was established in 1996 and is owned by KFH through Muthanna Investment Company K.S.C.C. and Nakheel United Real Estate Co., both of which are wholly owned subsidiaries of KFH.
ISO9001 Certified, the organization prides itself on conducting business based on the highest ethical practice and international standard and has forged strategic partnerships with industry specialist Bovis to ensure professional standards.
KMC Holdings includes KMC Project Management, KMC Constructing, KMC Electro-Mechanical, KMC Ready Mix, KMC Bahrain, KMC Oman and KMC-Bovis.
KMC has several high profile projects including Durrat Al Bahrain, the first mega-land reclamation project in Bahrain. Other recently completed landmark projects are Baitek Tower - one of the highest commercial buildings in Kuwait; Arkan - the highest and largest residential complex.
With a portfolio of over $3 billion, KMC initially started with a capital of $2 million which has now grown to more than $35 million.
