Aamal Company, one of the largest, most diversified companies in Qatar, has announced its plans to establish a new venture in Saudi Arabia as a subsidiary.
Aamal’s new company in Saudi Arabia is a strong testimony of its longstanding investment portfolio. The Saudi Arabian subsidiary will be an addition to the Industrial Manufacturing sector, one of Aamal’s key operating sectors.
The newly established company will specialize in a broad range of activities aimed at providing integrated solutions in the construction and infrastructure sector.
These include project design and participation in tenders, technical and engineering supervision and consulting services, production of precast concrete elements such as pillars and walls, manufacturing high-quality concrete pipes for water and wastewater networks, transportation and installation services for concrete components, quality control and inspections, comprehensive project management solutions, engineering solution development, and custom-built construction components based on demand.
Rashid bin Ali Al Mansoori CEO – Aamal Company
“The establishment of the new company is a part of Aamal’s strategic plan to expand its operations and enhance its presence in new and promising markets, with Saudi Arabia being one of the most dynamic regional and global markets at present. Through this company, we aim to strengthen our regional expansion by establishing a solid business base in Saudi Arabia. It also opens new avenues for exploring opportunities in vital sectors such as technology and energy, while underpinning Aamal’s position in the construction and infrastructure industry through sustainable strategic growth.”
“Moreover, this step diversifies Aamal’s revenue streams and maximizes the Company’s long-term economic and strategic benefits,” Rashid Al Mansoori added.
