List of all articles filed under “kuwait-family-business” category.
“KAPICO is the leader in the aftermarket sector today. From the beginning, the Group have built up a good infrastructure and a good warehouse to supply regionally, not only to the GCC but also into the MENA. KAPICO was the first supplier of aftermarket spare parts in the region.”
“Orchid Real Estate specializes in buying and selling buildings within Kuwait and internationally. We buy buildings, renovate them, and then prepare them for resale. Once touched by us, the buildings’ value increases (often double) and this is where our speciality lies.”
“The core values of our group are integrity and ethics in carrying out our tasks, responsibility in upholding the highest standards in the services provided to our principals,” says Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.
“Our vision is to be one of the ten biggest contracting companies in not only the Gulf area, but throughout the Middle East.”
Fouad M.T. Alghanim, Chairman and CEO of Fouad Alghanim and Sons Group talks about Al Ghanim family, one of the oldest and most powerful families in Kuwait.
Fouad M.T. Alghanim, Chairman and CEO of Fouad Alghanim and Sons Group talks about the vision for Kuwait, its future and doing business.
Most of the business is done in partnership with Kuwaitis. We have a law here that requires that for a business to be established here, it must have a 51% Kuwaiti partnership. But now there is a new department in the Ministry of Finance, the Foreign Investment Department. Under this, if a foreign direct investor wants to set up a new business, say to produce ethylene, or cement etc., they can own up to 100% stake in it.
Garry Walsh, CEO of Mezzan Holding believes that the family businesses in Kuwait are the first stage of becoming multinational companies.
Garry Walsh predicts that over the next 10 years Kuwaiti retail sector will grow by 8% a year.
It’s all in the family: Businessmen, bankers and diplomats who want to play the big card in Kuwait have no choice but to deal with the influential families who run the country’s economic, social and cultural life.
