CHAIRMAN'S STATEMENT
On behalf of Khalid Yousuf Al-Marzouq & Sons Group of Companies and all shareholders, managers and employees in the Group, we present you our best regards and we are pleased to provide you with a brief introduction to Khalid Yousuf Al-Marzouq & Sons Group of Companies as well as aspirations of those responsible for the group. We fully understand that the real challenge for those responsible for the Khalid Yousuf Al-Marzouq & Sons Group was not merely achieving set business goals as many of those who track the performance of our Group can confirm, but also excelling in incorporating business best practices with bold innovative ideas and dynamic risk taking to achieve unprecedented outcomes. Working for a successful future cannot merely be achieved through only good ideas; it needs a vision coupled with determined leadership and applied with a state of the art technology and world class expertise. The difficult financial crisis that swept the world during 2008 – 2009 and caused havoc to many economies, including the sharp fall in the price of oil as well as the expectation of recessions lead us to further understanding of economic factors relating to the current conditions of hyper-competition in today’s markets. As Kuwait Government has turned inward to the Private Sector and granted the private sector wider entitlements to cope with the requirements of economic, we proudly announce that we have formulated structural plans for the performance of Khalid Yousuf Al-Marzouq & Sons Group to support Development Plans put forward by the Kuwaiti Government estimated of around $ 125 Billion, including many sectors such as Oil, Electricity, Construction, Rail Roads, Tunnels and Bridges and more. The approval of the National Assembly on the Law to regulate the “privatization program” is one of the most significant laws passed by the government introducing a positive shift to activate the Private Sector in Kuwait. With this in mind, we aspire for taking courageous steps in the development of new areas of investments. Such a move requires strategic partnership with specialized international corporations. Khalid Yousuf Al –Marzouq & Sons Group of Companies is ready for this challenge.