UAE-based KBW Investments has signed a partnership agreement with Greek engineering consultancy, Salfo and Associates.
Under the terms of the agreement, the firms plan to undertake large-scale design and consultancy work across the GCC and wider Middle East.
The partnership agreement also includes plans for Europe, according to a statement from the stakeholders.
Commenting on the agreement, HRH Prince Khaled bin Alwaleed bin Talal, founder and chairman of KBW, said: “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.
“As a company based in Dubai, our multinational partnerships reflect the global nature of doing business from this Middle East hub. KBW is continuing to develop its 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.”
KBW’s investment portfolio includes Romanian Arcadia Engineering and Progen Group. The firm stated that its partnership with Salfo will serve to enhance its “overall strength in engineering and planning”.
Salfo boasts experience across a variety of industry segments, including transport infrastructure, marine, aviation, hospitality, retail, and entertainment and leisure.
Ioannis Foteinos, chief executive officer of Salfo, said: KBW Investments and Salfo and Associates SA have successfully worked together on several occasions with exceptional results that demonstrated cohesion and a high level of cooperation between our two concerns.
“With a shared focus of business integrity and superior delivery, both Salfo and KBW see the benefits and huge potential of this cross-border relationship,” he concluded.