Arabian Business: Raimondi Cranes new Chairman HRH Prince Khaled bin Alwaleed bin Talal
In The Press: 8 January 2014
In January of 2014, HRH Prince Khaled bin Alwaleed bin Talal, Chairman and owner of Dubai-based KBW Investments, announced the purchase of the Italian company Raimondi Cranes. The heritage crane manufacturer has developed and distributed more than 15,000 cranes worlwide. In a statement, the company said that the acquisition of Raimondi Cranes by Prince Khaled bin Alwaleed bin Talal will enable Raimondi to embark on a growth plan with an estimated investment of US$100m over the next few years. “The acquisition of Raimondi is a key addition to our global strategy, and one in which I take personal pride and interest,” said Prince Khaled, commenting on the development.