As Vice Chairman & CEO of Bukhamseen Group Holding Company, Mr. Emad Bukhamseen plays a key role in driving the Group's growth, diversification, and innovation across real estate, finance, and hospitality.
Mentored by his father, Mr. Jawad Ahmed Bukhamseen, he developed a leadership style focused on collaboration, adaptability, and strategic risk-taking. Under his guidance, the Group has expanded into new markets and industries, maintaining its strong heritage while embracing modernization.
In this interview, Mr. Bukhamseen shares his leadership philosophy, the challenges of managing
a multi-sector enterprise, and the Group's vision
for the future.
How would you describe your leadership style, and how has it influenced the growth and diversification of Bukhamseen Group Holding Company?
My introduction to the business was during my high school days and almost immediately after my university graduation, working under the guidance of my father, Mr. Jawad Ahmed Bukhamseen (Chairman of Bukhamseen Group Holding Company). From the many years of extensive management, I have managed teams of all sizes, from small project teams to large departments and companies. This has given me valuable insight into what makes a responsible and diplomatic leader and how to motivate people. I consider myself as a dynamic executive who has contributed actively to the growth, development and strengthening of the Group. It is with great pride that I take this legacy forward together with my brothers; even though we have witnessed challenges and recessions in the business sectors, my vision is to strategize, take calculated risks and adapt to the new status quo.
My leadership style is centered around collaboration, empowerment, and a strong focus on long-term vision. I believe that effective leadership is not just about making decisions from the top down but about fostering an environment where every team member feels valued and motivated to contribute their best. By encouraging open communication and a culture of transparency, I strive to ensure that innovation and diverse perspectives drive the company's strategic direction.
At Bukhamseen Group Holding Company, this approach has been instrumental in our growth and diversification. We have been able to cultivate a team that is not only highly skilled but also adaptable and proactive in identifying new opportunities. The core values of trust and accountability are at the heart of everything we do, and this has led us to explore a wide array of venturesÑspanning real estate, finance, and technology, among others.
By creating a culture where calculated and / or mitigated risk-taking is supported and collaboration is prioritized, we have managed to expand into new markets and sectors, which has ultimately led to sustained growth. This dynamic approach allows us to respond to global trends and shifts with agility, ensuring that we remain competitive in a fast-evolving business landscape.
In essence, my leadership is about building strong teams, empowering them with the tools and autonomy to succeed, fostering a sense of understanding and transparency and aligning all efforts with a shared vision for the future.
Bukhamseen Group has a presence in various sectors, including hospitality, real estate, and finance. What are your strategic plans for the company's growth in the coming years?
At Bukhamseen Group Holding Company, our strategy for growth in the coming years is focused on both expanding our core sectors and exploring new avenues for innovation. Our diversified portfolio provides a strong foundation, and we are committed to building on these strengths while remaining agile to market trends and global shifts.
While our focus remained on real estate at one point in time, we identified the growing needs of the economy and the opportunity to offer consultancy services. While we remain focused on our core sectors, we are also keeping an eye on future opportunities. We recognize the importance of adaptability in today's fast-paced business environment as we continue to evaluate new industries and partnerships that could complement our existing operations and fuel further diversification.
For example, we have established a consultancy bureau headed by one of the most experienced engineers, as well as one of our board members, looking after the management of existing and new projects. This has upgraded the standards of monumental buildings in Kuwait as we work in conjunction with many well-known international consultants, architects, advisors. One of the acclaimed works is the Crystal Tower in Sharq, Kuwait City, which has bagged awards for execution and architectural design and is now considered a 'landmark'. Our services have raised the bar of quality and execution in the major development projects sector, thereby making a name in the industry. Through this, we have managed to achieve many awards in engineering, architecture and unique building designs.
In summary, our strategic plans for the coming years involve not only strengthening our position in hospitality, real estate, and finance but also integrating innovation and sustainability into all aspects of our business. We look into expanding into the health and educational sectors in both the region and GCC. This will allow us to remain competitive, responsive to market needs, and well-positioned for long-term success.
Can you share details about any recent ventures or projects that Bukhamseen Group has undertaken and how they align with your vision for the company's future?
At Bukhamseen Group Holding Company, we are constantly looking for ways to innovate and invest in projects that align with our vision of sustainable growth and long-term value creation. Over the past year, we have undertaken several exciting ventures that reflect our commitment to diversification, technology, and community-focused development.
One of our most significant recent projects is the development of a commercial mall in Najaf, Iraq. This project combines residential, commercial, and religious design to accommodate the market and its growing needs. In the hospitality sector, we are in the process of completing the Intercontinental Hotel, a luxury hotel brand focused on offering high-end, personalized experiences. In line with the 2035 vision of Kuwait, the Group is developing a landmark and luxury 80-storey tower that contains the Mandarin Oriental Hotel, Bukhamseen Headquarters, Offices and a mall that will be a landmark situated in the very heart of the financial district of Kuwait City. Norman Foster, one of the top designers has joined hands with the Group to design this one of a kind masterpiece.
Each of these ventures reflects our vision to adapt to market changes and stay ahead of emerging trends, particularly in sustainability, technology, and community engagement. We are not just focused on financial growth; we are equally committed to creating positive, lasting impacts in the sectors we operate in. These projects, while distinct in their nature, are all interconnected by a shared goal: to future-proof Bukhamseen Group Holding Company, ensuring that we are both an industry leader and a responsible corporate citizen.
Looking ahead, we are eager to continue expanding in these areas, as well as exploring new opportunities that will further diversify our portfolio and strengthen our position in global markets.
The company has a rich history, starting from a modest family business in 1957. How do you balance maintaining traditional values with the need for modernization and innovation?
The Bukhamseen Group, with its numerous and diverse companies, began over half a century ago as one man's vision, that of Mr Jawad Ahmed Bukhamseen. A pioneering and well-reputed businessman known regionally for his business acumen, he founded the Jawad Bukhamseen Commercial Corporation in 1957. Under his able leadership, this modest company grew from a family business to a full-fledged institution with interests in many economic sectors.
From the very beginning, Bukhamseen Group was involved in many commercial entities, such as car sales and retail, in addition to real estate, hotels, travel, and tourism. He developed the real estate offices and constructed approximately 425 residential and commercial buildings in Kuwait, thereby setting the foundation for the Group as one of the pioneers in real estate development in Kuwait. In the 70's, this developed into contracting specialty real estate such as office buildings, hotels, and malls. Our efforts were driven by the quest to contribute to the national economy. We gained further eminence in other economic sectors including hospitality, travel and tourism, insurance, industrial production, media and communication, consultancy services in urban planning, civil engineering, and major development projects.
At Bukhamseen Group Holding Company, we deeply value our heritage, our journey from those humble beginnings to where we are today has been built on a strong foundation of core valuesÑintegrity, trust, hard work, and a commitment to long-term relationships. These principles remain at the heart of everything we do, and they are essential to our identity as a company. We are trying to maintain all the business sectors, keeping in mind our background, interests and customs Ð the same logic and steps to modernize and advance with the right technology in right sector and field Ð maintaining the culture, expanding, improving and aligning the next generation into the same mindset.
In short, our approach is one of thoughtful integrationÑensuring that our deep respect for the past informs and shapes the way we innovate for the future. This balance between tradition and innovation is key to maintaining our leadership in the industries we serve, while also remaining adaptable and forward-focused.
With your extensive experience in various industries, what do you consider the most significant challenges and opportunities currently facing Bukhamseen Group?
I would like to say that I am very privileged because we in the Bukhamseen Group (my brothers and I) work as a team and we support each other and participate directly in the development of the Group. Some of the challenges we faced were to increase the business coverage, workforce and capital. However, expanding to different sectors required reorganizing and restructuring, calling for consistent effort, research, and expertise from external auditors and advisors, as well as building a strong core team. Some of the new expansions were established from scratch, and others through acquisitions. Diversifying a business is a challenging task and time consuming. However, our success is due to understanding the new market and its requirements, thereby being one of the significant players.
History is evidence of the extent of growth and development, and as with the Bukhamseen Group from our humble beginnings, we had to incorporate new ideas and thoughts into the core business structure while competing with the major family business groups in the market. Our innovations were formed out of the necessity to complement the business needs of the subsidiary companies and, as of date, over 47 companies, notwithstanding our major participation in international companies. We inculcate a culture of freethinking and creativity that helps foster new ideas and continual growth without compromising our core family and Islamic values.
As far as the plans, we do see ourselves expanding both locally and internationally, i.e., Egypt, UAE, and Saudi Arabia and in the health sector, as it requires a new business approach in the private sector where we believe the extra addition with the government services to satisfy all the requirements of the Kuwaiti society. Another one is the educational sector, wherein we can bridge the gap between the government and private sectors and add value to new thinking and education. Our Group is actively developing new ideas and strategies to tap into these markets.
How do you approach decision making in a conglomerate with such a diverse portfolio, and what criteria do you prioritize when evaluating new business opportunities?
I believe to manage multiple companies, one needs to delegate the operational matters and daily managerial duties to a team that is trusted by the Group and myself. Moreover, we also have major representation on the boards of these companies, thereby giving us an opportunity to strategize, drive profitability, manage the organizational structure and monitor their goals and targets. Moreover, our team of competent and experienced internal auditors periodically checks and investigates the operations on a quarterly basis; most of these companies provide their performance reports against their budgets to check on their progress. The teams ensure good and real-time communication with the board that ensure effective management.
Some of the key factors to maintain a group in this size is to have a strong vision that could add value to the Group and the country by implementing a principle of win-win situation for all our clients and colleagues in the business. My brothers, the Bukhamseen Group board of directors contributed considerably to the success of the company, as they spearhead and oversee the insurance, investment, banking, engineering and real estate sectors of the Group.
We also have a reputation of fulfilling our promises and stand by our promises and decisions. Another factor is to build a strong core team in all major divisions not limited to marketing, HR, engineering, and financing, thereby developing the core team and tapping into the human resource potential. In addition, proper pre-studies and follow up on new business keep us focused on the development of the new business and one-step ahead of the game. Our reputation in the region has contributed to our success as we stay true to our traditions and core values while keeping up with the times.
In what ways does Bukhamseen Group contribute to the national economy and community development in Kuwait and the broader region?
Bukhamseen Group Holding Company added value to the sectors engaged by the Group in many different ways. We refused to be a statistic in the market and started to develop these economic sectors by adding new services and ideas.
When we expanded into investment, insurance, and banking, we managed to convert the Kuwait real estate bank, acquired by the Group, into a new Islamic bank with modern ideas and systems, which is now the Kuwait International Bank.
In the hospitality sector, we managed to upgrade the business since we started in the early 70's with the first Crowne Plaza in all of Middle East Kuwait. Then, the business was only local and limited services and thereafter developed into many brands under the IHG umbrella within the local and regional markets.
Another contribution in the food and beverage industry was the exclusive French brand 'Fauchon' in Kuwait. In the industry sector, we developed the water and beverage industry, previously the Canada Dry rebranded as ABC (Arabian Beverages Company). Today, we are one of the leading beverage companies in the Kuwait market, bottled wellness and mineral water, juices and dairy products.
In the travel and tourism sector, we transformed the idea of ordinary ticketing business into a complete service provider to owning the largest cargo division and IATA and non-IATA offices. The Bukhamseen Aviation Group was awarded 'Kuwait's Leading Airline GSA 2024 of ÒLeading Airline GSA in Kuwait for 2024Ó from the renowned World Travel Awards (WTA). Our solutions range from full agency for renowned airlines and international chains in resorts and holidays. Our idea was to upgrade the business from direct consumers to international business owners and agencies based on a B2B model.
The Bukhamseen Group is one of the major partners in the largest steel factories in Kuwait, Unisteel. From very humble beginnings, the company has expanded into three factories currently in stage 3. Our partnership with Unisteel has led to many pioneering developments and revolutionized the Kuwaiti industrial market.
We contribute towards the economy both financially and in the service sectors considering the nationalization factor and try to accommodate both and help Kuwaitis and nationalities in other communities to participate in decision making process.
Could you discuss your involvement in international conferences and on the international stage, and how these experiences have impacted your approach to business leadership?
As the Vice Chairman & CEO of Bukhamseen Group Holding Company, my involvement in international conferences and engagements on the global stage has been one of the most valuable aspects of my leadership journey. These experiences have greatly influenced both my personal approach to leadership and the strategic direction of the company.
As a board member, consultant and advisor for boards in the Kuwait Banking Association, World Union of Arab Bankers, International Federation of Journalists, Kuwait Clearing Company, Bahrain Kuwait Insurance Company and the College of Business Economics-American University of Kuwait, attending and participating in global forums, conferences, and industry summits has provided me with a unique opportunity to interact with business leaders, innovators, and policymakers from diverse sectors around the world. It's been an enriching experience to exchange ideas and learn from others who face similar challenges and opportunities, especially in industries like real estate, hospitality, and finance, which are core to our business.
Beyond innovation and sustainability, international experiences have reinforced the importance of collaboration and building strong global networks. Today's business landscape is interconnected, and forging partnerships across borders is crucial to staying competitive. We have been able to leverage these connections to expand Bukhamseen Group's reach, explore new markets, and build strategic alliances that support our growth ambitions.
In summary, my involvement on the international stage has been instrumental in shaping my approach to leadership. It has provided me with a broader understanding of global trends, instilled a commitment to innovation and sustainability, and emphasized the value of collaboration and partnerships. These insights continue to influence the direction of Bukhamseen Group Holding Company, enabling us to not only adapt to change but also lead in creating value and positive impact in the markets we serve.
On a personal note, how do you balance your professional responsibilities with your interests in travel, history, art, and collecting antique cars?
As a passionate people person, I like to volunteer my time and efforts in various humanitarian and philanthropic projects. The Group has a major participation in the Jawad Bukhamseen and Sons Charity Establishment, wherein we have made significant contributions in the local, regional and international sectors. This inspired me to establish Al-Resala Humanitarian Association group, and as the chairperson, I can focus on major philanthropic works giving back to the community. Through the Group, I was able to engage in a partnership with the United Nations and the ICRC contributing to their activities involving displaced refugees and medical and humanitarian aids personally as well as through the Jawad Bukhamseen and Sons Charity Establishment.
On a personal note, I am an ardent sea lover and passionate collector of antique cars. I believe it was this passion that strengthened my interest and eventually motivated me to establish the Kuwait International Automobile Company (KT). We are the sole agents of with affiliations with Federation Internationale de l'Automobile, Fdration Internationale de Motocyclisme for almost 60 years. As the chair, I have managed to continue this legacy, and today, we represent Kuwait on a global level. We were successful in hosting racing car events in Kuwait through the government. Travel has been a particularly important source of inspiration. It allows me to explore new cultures, broaden my worldview, and gain insights into global markets and trends that can inform our business strategies. Similarly, my interest in history and art offers a sense of balance and perspective. History teaches us invaluable lessons about resilience, innovation, and human natureÑinsights that are often applicable in business.
How do you ensure that Bukhamseen Group remains resilient and adaptable in the face of global economic fluctuations and technological advancements?
At Bukhamseen Group Holding Company, ensuring resilience and adaptability is at the core of our long-term strategy. As a diversified company with interests in real estate, hospitality, and finance, we understand that global economic fluctuations and technological advancements can present both challenges and opportunities. To stay ahead, we focus on strategic diversification across multiple sectors, embracing innovation and new technological advances and, fostering a forward-thinking corporate culture and maintaining a strong network of partnerships, locally, regionally and globally. By staying flexible, anticipating change, and leveraging technology, we ensure that we remain well-positioned to not only weather economic fluctuations but also lead in an increasingly digital and interconnected world.
