29.06.2016

KBW extends project capacity

KBW Investments, the owner of Raimondi tower cranes, has signed an partnership agreement with Greek engineering and consulting firm Salfo and Associates.

The agreement will see the two companies expand operations and collaborate on projects in the Middle East and Europe. Salfo provides engineering, planning, and design services for a range of project types, including infrastructure and building developments, in rail, marine, airports, bridges and tunnels, as well as hotels, malls, sports complexes and public buildings. KBW’s investments include Romania’s Arcadia Engineering with branches in the Middle East and Australia and an existing partnership with Progen Group.
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(L-R) Ioannis Foteinos of Salfo, prince Khaled bin Alwaleed bin Talal of KBW, Konstantinos Dimitros of Salfo Middle East and Ahmed Alkhoshaibi of KBW at the signing ceremony

KBW chairman prince Khaled bin Alwaleed bin Talal said: “The formation of this agreement with Salfo - a long-standing and influential Middle East stakeholder in the engineering and project management segments- to KBW’s diverse list of partnerships serves multiple aims. As a company based in Dubai, our multinational partnerships reflect the global nature of doing business from this Middle East hub. KBW is continuing to develop our portfolio across continents with a broad range of projects that vary in sector and size, and we are pleased to further build on this worldview with Salfo,” said Prince Khaled, commenting on the new development.

Saifo chief executive Ioannis Foteinos added: “KBW Investments and Salfo and Associates have successfully worked together on several occasions with exceptional results that demonstrated cohesion and a high level of cooperation between our two concerns. With a shared focus of business integrity and superior delivery, both Salfo and KBW see the benefits and huge potential of this cross border relationship.”