By Staff writer
UAE-based portfolio investors agrees latest deal with Salfo to expand in Middle East and Europe
The UAE’s KBW Investments has signed a partnership deal with Greek engineering and consulting firm Salfo that will see both companies expand operations and collaborate on projects in the Middle East and Europe.
The two firms said their scope of work would include “large-scale design and consultancy undertakings throughout the GCC”.
According to Salfo’s website, the company has worked on a number of large-scale projects in the Gulf, including Doha’s Hamad International Airport, the Saudi railways programme, and the Doha Metro. The contractor specialises in civil infrastructure programmes, including roads, bridges, railways, ports and airports.
“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,” KBW Investments chairman Prince Khaled bin Alwaleed said, in a press statement.
“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.”
The agreement with KBW Investments marks the latest partnership for the Dubai-based company, which has tied up with Romania’s Arcadia Engineering, and Brazilian outfit Progen Group.
Earlier this month, KBW Investments acquired a majority stake in interior fit-out firm Grayscale Interiors, as well as signing off another partnership deal with Ascorel Group.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.