HRH Prince Khaled bin Alwaleed bin Talal
Founded in 2013, the KBW Investments conglomerate is based in Dubai and works across various sectors, including construction, manufacturing, engineering, project management, automation, and technology.
The portfolio group has members spanning two continents, which include Raimondi Cranes, Klampfer Middle East, Klampfer Electromechanical Contracting (KBEC), and Arcadia.
While the KBW Investments operational strategy covers a broad spectrum of companies, development and construction within the UAE and Saudi Arabia – covering various sub-contracting sectors and mechanical, electrical, and plumbing (MEP) projects – is a key area of focus, driven by the group’s founder and chairman, Saudi Arabia’s HRH Prince Khaled bin Alwaleed bin Talal.
In 2017, KBW Investments jointly founded Arada with Basma Group. KBW’s Prince Khaled acts as vice chairman of the partnership enterprise, while HE Sheikh Sultan bin Ahmed Al Qasimi serves as chairman. Dedicated to the creation of prime residential properties, and with an initial focus on the emirate of Sharjah, Arada has commenced operations with the aim of addressing the UAE’s expanding mid-market segment.
Arada is currently developing Sharjah’s $408m (AED1.5bn) Nasma Residences, as well as the Aljada megaproject, the emirate's largest mixed-use development. Covering a 2.23km² area in the heart of the city, Aljada comprises considerable retail, leisure, and entertainment options, in addition to a wide range of residential and commercial offerings. The master-planned destination has a sales value of AED24bn ($6.53bn) and is expected to deliver in phases, with a completion date of 2025.
Construction on Aljada began in the first quarter of this year, and the first phase is expected to be completed in 2019.