Faithful+Gould, one of the world’s leading integrated project and programme management consultancy firms, has signed a partnership agreement  with KBW Investments, a private investments company owned by Prince Khaled bin Alwaleed bin Talal.

The partnership will focus on the property sector targeting the large framework of Saudi Arabia's social infrastructure as well as master developments.

Identifying a local partner for Faithful+Gould has been key to the implementation of the company’s strategy within the kingdom and with the signing of the memorandum of understanding (MoU) with KBW Investments, both organisations have conveyed their commitment to cementing this strategic alliance going forward, said a statement.

Campbell Gray, Faithful+Gould’s Middle East managing director, said: “Saudi Arabia is the largest economy in the GCC and already represents an important market for Faithful+Gould. This investment consolidates our position and enables us to play a key role in offering integrated project and programme management consultancy solutions to the property and social infrastructure market across the kingdom.

“It was essential for us to find the right partner and in Prince Khaled bin Alwaleed bin Talal we feel incredibly fortunate to have someone with whom we share the same ambitions and passion around technology, professional values and personal integrity,” said Gray.

Prince Khaled said: “Our utmost objective at KBW Investments continues to be cultivating the kingdom’s talent and workforce as well as investing in their potential for creativity and innovation for now and for future generations to come. It is my hope that this partnership agreement is a doorway to a fruitful collaboration which demonstrates the importance of devoting our resources in the construction sector to meet the upcoming challenges and to maintain the level of development that we have come to expect. With this partnership we bring the necessary experience and innovative thinking to the sector in a more effective way.” - TradeArabia News Service