Yusuf Bin Ahmed Kanoo: Group’s Strategy

Fawzi Ahmed Kanoo, Deputy Chairman of Yusuf Bin Ahmed Kanoo, one Bahrain’s largest conglomerates, discloses the group’s strategy.

The outcome of the Kanoo’s strategic meeting, which is held every few years, stipulated that the group would invest into activities related to the groups’ purpose. The group’s focus is therefore to grow organically, enhance the existing joint ventures and to increase the exposure to industrial projects, IT and tourism sector.

The strategy also outlines the importance of IT sector. Kanoo stated: “We also see IT sector as very potential as many companies are now switching to IT. So we are in that field and we have a company called K-Soft. The company who makes the software is Gemini and it is in India and we have branches to sell their product in the Gulf. We see that there’s a future for it.”

Focus on tourism constitutes the third and the last pillar of the company’s strategy. “We are also present in the tourism and leisure sector and we will further continue to focus on our travel activities in 2013,” added Kanoo.

“I see these three lines related to our business increasing strongly in 2013,” he concluded.