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FINANCIAL NEWS
Dubai’s KEF plans to invest USD288m in Kerala
15 Sep 2012
(MENAFN) Dubai-based KEF Company unveiled plans to invest USD288 million in new projects in Kerala, south west India, Hindu Business Line reported.
The projects include a luxury hotel and three factories and a 500-bed hospital, said KEF company chairman Fazal Kottikollon, adding that the projects will create up to 10,000 jobs.
He also said that the three planned factories will be integrated manufacturing facilities specialising in pre-cast concrete technology for making kitchens, toilets, doors and windows.
The hospital at Kozhikode, scheduled for opening by the end of next year, is being built through a joint venture with the Peekay Group, according to the paper.
It added that the hotel will be spread over 30 acres at Chelembra in Kozhikode, and will feature a convention centre to accommodate over 3,500 people and a shopping complex.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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