Basma Group Sharjah enters into strategic partnership with KBW Investments
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In a recent development looking to bolstering an existing partnership, HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of Basma Group Sharjah and HRH Prince Khaled bin Alwaleed bin Talal, chairman of KBW Investments signed two strategic partnership agreements forming Klampfer Middle East LLC and Arcadia Middle East LLC.
HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of Basma Group said the move would add to the pace of growth in construction and property sector in Sharjah, UAE and across the region. “Our collaboration will complement our strengths to create and utilize new development and investment opportunities in different sectors within the Middle East.”
The new strategic agreement carries forward joint intent and plans to take up big-ticket construction projects in the UAE, including the Majlis Grand Mercure Sharjah Resort and Spa. The first undertaking under the joint partnership of Klampfer Middle East LLC, the Majlis Grand Mercure Sharjah Resort and Spa, a US$100 million hospitality project in Sharjah is to be followed by construction projects across multiple sectors in the UAE.
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