Bolstering the strength of an existing partnership between KBW Investments and Basma Group Sharjah, HRH Prince Khaled bin Alwaleed bin Talal, Chairman, KBW Investments, and Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group Sharjah, signed two agreements at Basma Group Sharjah headquarters today forming Klampfer Middle East LLC and Arcadia Middle East LLC.
Bolstering the strength of an existing partnership between KBW Investments and Basma Group Sharjah, HRH Prince Khaled bin Alwaleed bin Talal, Chairman, KBW Investments, and Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group Sharjah, signed two agreements at Basma Group Sharjah headquarters today forming Klampfer Middle East LLC and Arcadia Middle East LLC.
Pursuant to a 2015 KBW Investments partnership with Klampfer to create and launch Klampfer Holding addressing the needs of the MENA region, a UAE-centric subsidiary, Klampfer Middle East LLC, has been established under the direction of Chairman Sheikh Sultan bin Ahmed and Vice Chairman Prince Khaled bin Alwaleed. The signing puts forward the joint intent to execute construction projects in the United Arab Emirates, including the Majlis Grand Mercure Sharjah Resort and Spa. The first undertaking under the joint agreement of Klampfer Middle East LLC, the 12,000 square meter five-star Majlis Grand Mercure Sharjah Resort and Spa, a US$100 million hospitality project situated in Sharjah, UAE, is to be followed by construction projects across multiple sectors in the Gulf country.