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Kuwait Report
Marcopolis presents the Kuwait Report focused on the investments, doing business, economy and other topics featuring interviews with Kuwaiti leaders. The sectors under review in this issue are industry, oil and gas sector, investments, banking sector, telecom sector and many more.
VideosMay 17, 2021
Discussing the Future of Kuwaiti Shareholding Company Jadeite Group
- Written by Sandra Francisco
- Published: May 17, 2021
Ali AlMatrouk, Vice Chairman and Managing Director at Jadeite Group, shares his vision for the Kuwaiti shareholding company. Jadeite Group has interests in various areas, such as: real estate development, e-commerce, logistics and restaurants.
"In three years, I would like to be in at least two Gulf countries for the subsidiaries. In five years, we are targeting half a billion dollars in sales. I want Jadeite Group to be the Blackstone Group of the region. We started as a real estate business and a small portion of our businesses is exciting ventures. After a couple of years in business, we realized that that 20% is generating significantly more than the 80% in real estate. We saw that we are good at taking small companies or emerging companies and growing them. So, we would like to shift the Jadeite Group strategy to more of a private equity strategy that will cover businesses and real estate at the same time. We want to be known for one of the best cultures in the Gulf region, a culture that inspires entrepreneurial drive, a culture that extracts the human potential, a culture that attracts the best talent in the region. This will be applied to the Jadeite Group as an investment and private equity player in the near term and on our subsidiaries each by itself, each in its own way, in its own indices. After a couple of years of business, I started to realize that it is not the strategy that makes you win, it is not the product only that makes you win, it is the people that make you and if you get the right team and the right people and build the right environment for them to thrive, it can achieve a lot. This is not something that I see significantly here in Kuwait. We are working on this culture. We are still young. We are still working as a company, but one day we are going to be one of the talent attraction companies here in Kuwait", says Ali AlMatrouk.
For more information, please visit: www.jadeitegroup.com.
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