Al Mulla Seals Partnership Deal with a Chinese Construction Group
The Al Mulla Group has signed a partnership agreement with China's Xuzhou Construction Machinery Group (XCMG). The Kuwait-based Al Mulla Group is privately-held and is involved in a range of businesses.
Al Mulla may be looking for ways to gain access to XCMG depth of construction knowledge, as well as its equipment manufacturing prowess.
XCMG has experience in building civil and commercial buildings, as well as mining, roads, and other forms of vital infrastructure. It is ranked 44th in the list of China's Top 100 Manufacturing Enterprises, 65th in the list of China's Top 500 Companies, and fourth on the list of China's Top 100 Machinery Manufacturers.
Al Mulla has operations in eight countries and will make one of its subsidiaries, the Gulf Trading Group, the sole distributor in Kuwait as a part of the partnership. The deal was signed by Al Mulla Group CEO Talal Anwar.
Dr. Jiansen LIU, who is the vice-president of XCMG was present for the signing, as well as Counselor Yongru Cheng.
Yongru Cheng is the Economic and Commercial Counselor at China's Embassy in Kuwait.
The Al Mulla Group on the partnership,
"It (the partnership) enables us to support the ambitious development plans in Kuwait. It will also extend our capability to provide advanced, high-quality machinery and services to civil construction, infrastructure, and mega projects...Our partnership with XCMG is built upon common goals and shared values. We are both driven by innovation and we both give utmost importance to excellence in product quality, customer experience, and sales services.”
The partnership will give the Al Mulla group direct access to XCMG's construction machinery manufacturing business, which is the largest in China, and the sixth-largest globally. XCMG has traditionally produced earth-moving machinery, hoisting machinery, and road construction machinery.
XCMG recently launched seven new categories of equipment: heavy trucks, mining equipment, excavation equipment, sanitation, concrete, piling equipment, and aerial fire-fighting machinery.
Dr. Liu said, “We are confident that this alliance will help us expand the presence of XCMG products in the Kuwaiti market and boost customers' trust in the superior quality of our advanced machinery and services,” after the partnership was announced.