Founded in 1973, Xenel is one of the oldest trading houses in the Middle East. It is positioned at the center of a group of companies created with a shared vision of achieving economic growth by bridging know-how to different parts of the world. Over its 49-year history Xenel, through its internal skills, joint venture partnerships, and associations with global companies throughout the world, has built expertise in energy, diversified industries, petrochemicals, construction, infrastructure development, healthcare, industrial services, IT, logistics, real estate and global investing.
Through its ability to identify opportunities Xenel is an acknowledged innovator and leader in building projects and companies. It has joint ventured and built alliances with global companies and institutions of international repute and created companies with global reach.
Projects that highlight Xenel’s leadership abilities are:
Working with International Power and the World Bank, Xenel successfully led the development of the first privately owned green-field power plant in East Asia.
Founded the first cable company in the Middle East.
Developed the first bonded free-trade zone in Saudi Arabia.
Developed the first private downstream petrochemical plant in Saudi Arabia.
Following the Gulf War in 1992 Xenel through its subsidiaries restored electricity back to Kuwait City in two weeks.
Completed projects and acquisitions in over 40 countries.