Company: KEF Holdings
Wealth: 720 Million
Indian US-educated engineer Faizal Kottikollon arrived in the UAE in 1995 when he established his first business venture, Al Ahamadi General Trading, a scrap metal trading and recycling business based in Ajman. Emirates Techno Casting (ETC) foundry, his next venture, cast its first mould at the foundry in Ajman in 1997 and now has manufacturing locations in the UAE, Middle East and India.
KEF Holdings, the parent company for Kottikollon’s various businesses, set up a new state-of-the-art facility at Sharjah Hamriyah Free Zone, the first integrated manufacturer of industrial valves in the Middle East. The 50,000sq m facility produces a specialised range of industrial valves for the oil and gas industry, expanding rapidly before being sold for $400m in 2012.
Kottikollon now focuses his attention on an off-site construction business that aims to halve building costs for schools and hospitals in India. KEF Holdings will strengthen its offsite manufacturing operations in the GCC region with a new $100m manufacturing facility opening in Jebel Ali later this year. Through this facility, KEF Holdings would provide world-class expertise in design, engineering, manufacturing, assembly, and project management for the GCC region, Kottikollon said last month.