Through their investments in leading building materials producers in Kuwait, the Al-Rashed family is at the forefront of this fast expanding market sector. The rapid population growth is fuelling a high demand for housing, schools and other associated infrastructure. Unlike many other sectors in Kuwait, the construction market enjoys much higher private sector participation. Hotels, leisure, housing and commercial projects have been at the forefront of construction activity in Kuwait in recent years. Unlike other parts of the region this activity has been driven mainly by local requirements and not the more speculative touristic or investment based schemes seen in other parts of the region. This has resulted in a more consistent and sustainable growth level making Kuwait a more attractive construction market.
Al-Rashed Holdings recognising this opportunity and in order to complement its direct investments in the large commodity manufacturers, it operates a managed buildings materials division focusing on specialist and technology based products supplied from reputable international companies including: Saint Gobain Weber; Expamet UK; Radcon Australia; Isonem Turkey and Plaxit UAE.
By operating with a few select companies and complementary products, Al-Rashed Holdings Building Materials avoids product overlap and provides a targeted product solution.A recent development, reflecting the ongoing commitment to this sector is the investment in a new manufacturing facility to produce the Expamet UK range of expanded metal products in Kuwait under licence from Expamet UK for sale in Kuwait as well as other select markets in the Middle East.
FIFA Futsal World Cup 2012
Al Rashed awarded with ISO 9001:2008 certification