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KBW Investments, Owned By Prince Alwaleed’s Son, Buys 50% Of Arcadia

KBW Investments, Owned By Prince Alwaleed’s Son, Buys 50% Of Arcadia

Engineering firm Arcadia will now seek to expand into Saudi Arabia, Qatar and the UAE.

KBW Investments, an investment firm owned by the son of Saudi billionaire Prince Alwaleed Bin Talal, announced that it has acquired a 50 per cent stake in Arcadia Engineering.

Prince Khaled bin Alwaleed, founder of KBW Investments, will now serve as the new chairman of Arcadia, which has operations in Romania and Brazil, a statement said.

The financial details of the deal were not revealed.

Following the deal, Arcadia is looking to grow in South America and the Middle East in its core areas of engineering, architecture, design, consultancy and project management services for the construction and manufacturing industries.

It is also planning to expand into the GCC, targeting Saudi Arabia, Qatar and the UAE.

“I envision the upsurge of a new powerhouse of engineering, architecture and project management services in the Middle East,” said Prince Khaled bin Alwaleed.

“I have strong confidence in the management team’s ability to maximise the opportunity before us while maintaining the company’s unique culture—especially as it relates to investing in talent in specialised areas of engineering.”

The acquisition marks KBW’s second European purchase in 2014, the first being Raimondi Cranes, a 150-year-old Italian tower crane manufacturer.

Its current portfolio includes investments in the manufacturing, construction, engineering, energy and technology sectors.

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