This document is a sponsored supplement about Qatar from Summit Communications. It discusses Qatar's stable economy due to prudent natural resource management. Recent reforms have opened sectors like consulting, technology, and distribution fully to foreign investment. The hydrocarbon industry has boosted the non-oil industry through wealth generation. While hydrocarbons will remain the main economic driver, Qatar is working to diversify its economy and energy sector. United Development Company is highlighted as an example of successful diversification through projects in industries like infrastructure, real estate, and hospitality.
The Danish oil company Maersk Oil worked to develop Qatar's challenging Al Shaheen oil field which was initially deemed unviable. Through perseverance and advanced technologies like long horizontal wells, Maersk helped prove the field could be a major producer, with production reaching over 500,000 barrels per day. Maersk invested further in the field by collaborating with research company TNO to develop improved oil recovery technologies for horizontal wells.
Qatar is a wealthy Gulf state that is seeking to diversify its economy beyond oil and gas as those resources are finite. Under the leadership of Emir Sheikh Hamad bin Khalifa Al-Thani, Qatar has invested heavily in education through institutions like Education City, which hosts branches of American universities, as well as other social and economic reforms. Sheikh Hamad views education, research, and developing a knowledge-based economy as central to Qatar's future prosperity and global competitiveness beyond the oil and gas sector.
Qatar has launched an ambitious long-term development plan called National Vision 2030 to diversify its economy and reduce dependence on hydrocarbon exports as reserves will not last. The plan focuses on developing international knowledge, transport, financial and tourism centers. Qatar is investing heavily in infrastructure, attracting foreign investment, and supporting local businesses to achieve this economic transformation by 2030.
The QSE Index gained 0.3% led by the Transportation and Consumer indices. Top gainers were Gulf Warehousing Co. and Qatar German Co. rising 9.9% and 9.8% respectively. Regional indices fell except for Kuwait which rose 0.2%. Company earnings news included Emaar Properties revenue rising 25.1% YoY and Gulf Navigation Holding's operating profit rising 41.1% YoY. In Qatar news, the population fell for the first time in 5 years in April and QSE-listed companies earned QR13.3bn in 1Q2015.
The Gulf Cooperation Council (GCC) is a wealthy regional grouping of six countries - Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain and Oman. They possess large oil and gas reserves and are seeking to diversify their economies through infrastructure projects. Canada has over $4.8 billion in annual trade with GCC countries and opportunities exist in sectors like infrastructure, oil and gas, agriculture, and healthcare. The Canadian government supports trade and investment with the GCC through policies and the Trade Commissioner Service.
Greetings,
Attached FYI ( NewBase Special 11 May 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Qatar eyeing 2% of its power output from solar by 2020
• Dubai is stronger for steering clear of oil-based economy
• Saudi Electricity forges deal to bolster efficiency of power plant
• Oman’s crude oil production falls 1.7% to 29MB in April”15
• Oman: Sebacic acid project to come up in Duqm
• Tanzania to finalise land acquisition for LNG project
• Oil steady, little help from Chinese interest rate cut
• Steady oil price fall blurs GCC construction outlook
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Qatar Petroleum has seen tremendous growth over its 40-year history. Its total assets have increased 85-fold, total revenue has increased 40-fold, and net profit has increased over 300-fold. Qatar Petroleum has played a key role in building Qatar's economy and transforming it into one of the fastest growing in the world, with the oil and gas sector accounting for over 54% of GDP. Under the leadership of Qatar's rulers, Qatar Petroleum has placed great emphasis on educating, training, and developing Qatari citizens.
Greetings,
Attached FYI ( NewBase Special 10 September 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE: IMC Awards function concluded with recognition yesterday.
• Qatar scores high in BMI trade, investment market risks index
• Saudi oil Expectations of shake-up stir uncertainty
• Saudi Arabia maintained crude oil market share in Asia in the
• Egypt: Eni sees Egypt's Zohr gas field investment at $6-10 billion
• Kenya: Erin Energy awarded licence extension offshore
• EU: GE’s Alstom buyout approved by EU
• Oil prices fall as Asia's leading economies
• Global Energy E&P cuts topping U$D132 Billion in 2 years
• UK: Low oil price accelerating decommissioning in the UKCS
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
The Danish oil company Maersk Oil worked to develop Qatar's challenging Al Shaheen oil field which was initially deemed unviable. Through perseverance and advanced technologies like long horizontal wells, Maersk helped prove the field could be a major producer, with production reaching over 500,000 barrels per day. Maersk invested further in the field by collaborating with research company TNO to develop improved oil recovery technologies for horizontal wells.
Qatar is a wealthy Gulf state that is seeking to diversify its economy beyond oil and gas as those resources are finite. Under the leadership of Emir Sheikh Hamad bin Khalifa Al-Thani, Qatar has invested heavily in education through institutions like Education City, which hosts branches of American universities, as well as other social and economic reforms. Sheikh Hamad views education, research, and developing a knowledge-based economy as central to Qatar's future prosperity and global competitiveness beyond the oil and gas sector.
Qatar has launched an ambitious long-term development plan called National Vision 2030 to diversify its economy and reduce dependence on hydrocarbon exports as reserves will not last. The plan focuses on developing international knowledge, transport, financial and tourism centers. Qatar is investing heavily in infrastructure, attracting foreign investment, and supporting local businesses to achieve this economic transformation by 2030.
The QSE Index gained 0.3% led by the Transportation and Consumer indices. Top gainers were Gulf Warehousing Co. and Qatar German Co. rising 9.9% and 9.8% respectively. Regional indices fell except for Kuwait which rose 0.2%. Company earnings news included Emaar Properties revenue rising 25.1% YoY and Gulf Navigation Holding's operating profit rising 41.1% YoY. In Qatar news, the population fell for the first time in 5 years in April and QSE-listed companies earned QR13.3bn in 1Q2015.
The Gulf Cooperation Council (GCC) is a wealthy regional grouping of six countries - Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain and Oman. They possess large oil and gas reserves and are seeking to diversify their economies through infrastructure projects. Canada has over $4.8 billion in annual trade with GCC countries and opportunities exist in sectors like infrastructure, oil and gas, agriculture, and healthcare. The Canadian government supports trade and investment with the GCC through policies and the Trade Commissioner Service.
Greetings,
Attached FYI ( NewBase Special 11 May 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Qatar eyeing 2% of its power output from solar by 2020
• Dubai is stronger for steering clear of oil-based economy
• Saudi Electricity forges deal to bolster efficiency of power plant
• Oman’s crude oil production falls 1.7% to 29MB in April”15
• Oman: Sebacic acid project to come up in Duqm
• Tanzania to finalise land acquisition for LNG project
• Oil steady, little help from Chinese interest rate cut
• Steady oil price fall blurs GCC construction outlook
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Qatar Petroleum has seen tremendous growth over its 40-year history. Its total assets have increased 85-fold, total revenue has increased 40-fold, and net profit has increased over 300-fold. Qatar Petroleum has played a key role in building Qatar's economy and transforming it into one of the fastest growing in the world, with the oil and gas sector accounting for over 54% of GDP. Under the leadership of Qatar's rulers, Qatar Petroleum has placed great emphasis on educating, training, and developing Qatari citizens.
Greetings,
Attached FYI ( NewBase Special 10 September 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE: IMC Awards function concluded with recognition yesterday.
• Qatar scores high in BMI trade, investment market risks index
• Saudi oil Expectations of shake-up stir uncertainty
• Saudi Arabia maintained crude oil market share in Asia in the
• Egypt: Eni sees Egypt's Zohr gas field investment at $6-10 billion
• Kenya: Erin Energy awarded licence extension offshore
• EU: GE’s Alstom buyout approved by EU
• Oil prices fall as Asia's leading economies
• Global Energy E&P cuts topping U$D132 Billion in 2 years
• UK: Low oil price accelerating decommissioning in the UKCS
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Kuwait signed a contract to import liquefied natural gas (LNG) from Qatar to meet its energy needs through 2014. This will help satisfy rising air conditioning demand in Kuwait's hot summers. Kuwait began LNG imports in 2009 and typically signs deals with suppliers like Shell to provide LNG during peak summer demand. ROC Oil Company and Horizon Oil announced an all-scrip merger that would create an Asian-focused energy company with combined production of 5.5 million barrels of oil equivalent per year, net reserves of 36.9 million barrels, and net contingent resources of 120.7 million barrels. The merger is supported by both companies' boards and would position the combined company for growth in Asia.
The Abu Dhabi Fund for Development and the International Renewable Energy Agency are seeking applications for their fourth round of funding for renewable energy projects in developing countries totaling $50 million. The loans provided have lower interest rates than traditional loans, ranging from 1-2% depending on the country. So far the partnership has funded $98 million in projects producing over 56 megawatts of renewable energy. Countries in the Middle East and North Africa are potential future recipients as about 28 million people in the region lack access to electricity. ExxonMobil plans to start drilling for oil offshore Liberia in 2016-2017 now that the country has been declared Ebola-free. Lundin Petroleum has received approval to drill exploration
Greetings,
Attached FYI (NewBase 04 December 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE: Dubai's ENOC says to build 54 service stations by 2020
• Qatar Shell Partnerships with local businesses to foster entrepreneurship
• Nigeria and Morocco sign gas pipeline deal to link Africa to Europe
• Saudi King Salman inaugurates mega-projects Sadara and Satorp
• UK: Statoil starts production drilling on Mariner field in UK North Sea
• US: BP approves Mad Dog P#2 project in the Deepwater GOM
• Oil Prices settle at $51.68 & $54.35 posts biggest weekly gain since Feb 2011
• Electric Cars Could Take an OPEC-Sized Bite From Oil Demand
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy since 2010
The QSE Index in Qatar rose 7.6% led by gains in the Telecom and Real Estate indices. Vodafone Qatar and Ooredoo rose 10% each while Islamic Holding Group fell 8.1%. Regional indices also rose with Saudi up 2.5%, Dubai up 9.9%, Abu Dhabi up 3.5% and Kuwait up 3.3%. Company news included Doha Bank arranging a AED500mn facility for Sobha Group and NDSQ signing a contract to construct 11 vessels for New Port Project in Qatar.
Opportunity Arabia conference
Thursday 2nd October 2014
Omar Bahlaiwa
Secretary General, Saudi Committee for International Trade
'The Kingdom of Saudi Arabia: The Gateway to Investment Opportunities in the Middle East'
The document discusses opportunities for trade and investment between Australia and countries in the Middle East and North Africa region (MENA), particularly the Gulf Cooperation Council (GCC) countries and Morocco. It notes that MENA is open for business and the GCC countries present many opportunities in areas like infrastructure, food security, agriculture, and education. Austrade's strategy is to promote Australian capabilities and a team approach to capitalize on the unique window of opportunity in the region from 2014-2022.
Qatar is expected to lead GCC economic growth in 2014 at 6% due to large infrastructure projects and domestic consumption. The IMF forecasts overall GCC growth of 4.4% in 2014 as governments increase spending on sectors like education, healthcare, and infrastructure to diversify economies and reduce reliance on oil. Qatar, UAE, and Saudi Arabia are expected to see the highest growth rates while Kuwait's growth will lag at 2.6% due to its oil reliance. Economic growth in the GCC will remain tied to oil prices and supply dynamics.
Greetings,
Attached FYI ( NewBase Special 06 October 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Qatar: Al Attiyah to launch ME’s first energy think-tank
• UAE: DEWA awards construction contract for Solar Innovation Centre
• Oman: plans to award oil block 54 before year-end
• Oman: 8 global firms prequalified for Salalah ammonia project
• Libya oil output falls to 300,000 bpd: Official
• Iraq: Oil exports from north rise to 600,463 bpd in September
• Tanzania: Aminex provides Kiliwani North update - TPDC to exercise back-in right
• U.S. reactor operators increase uranium purchases from Kazakhstan
• Crude prices steady in Asian trade, Russia mulls oil talks
• BP's Record Oil Spill Settlement Rises to More Than $20 Billion
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy
The QE index declined marginally to close at 9,067.6, led by losses in the Transportation and Real Estate indices. Doha Insurance Co. and Qatar Islamic Insurance were the top losers, while Islamic Holding Group rose 3.0% as one of the top gainers. Regional indices were mostly higher, with Saudi Arabia and Dubai rising 0.7% each. Qatari shareholders sold shares despite buying support from non-Qatari investors. Qatar may change its currency peg once its economy is less dependent on hydrocarbons and markets deepen.
More than 30 finalists have been shortlisted for the 2014 Zayed Future Energy Prize across five categories, including large corporations like Ikea and Panasonic, non-profits working on solar energy access, and 14 global high schools with environmental education programs. The Gulf electricity grid connecting six states is also set for expansion by 2019 with an estimated $420 million investment due to rising energy demand in member states of 6-10% annually. Experts at a conference in Dubai and Abu Dhabi urged greater industry cooperation and regulatory alignment between GCC countries. The head of the Gas Exporting Countries Forum said that US shale gas production is confined to the US and will not significantly impact other gas producers or force Qatar to lower
The QE index in Qatar rose 0.3% led by gains in the real estate and transportation indices. Dlala Brokerage and Widam Food were the top gainers rising 3.3% and 3.2% respectively, while Ezdan Holding fell 5.6%. Regional indices were mixed with Dubai down 3.1% and Saudi Arabia down 0.2%, while Kuwait rose marginally. Company earnings news and updates on Qatar's real estate market stability and airlines moving to the new airport were also provided.
Greetings,
Attached FYI ( NewBase Special 18 February 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE Energy Minister tells CIS states to improve business climate to bring in investors
• GCC-CIS trade growing 20% a year
• UAE: Dolphin Energy Signs Contract with Abu Dhabi Ports
• Kazakhstan: Mega Kazakh oilfield to be back online this year
• US: 35% of drillers at high risk of bankruptcy: Report
• US: Diesel fuel retail price falls below $2.00 per gallon for first time since 2005
• US: Gasoline Trades as If U.S. Nearing Recession, Goldman Says
• US oil surges 8% after crude stocks fall, Brent crude 8.4%
• Goldman Says Producers Freezing Oil Output Won't Help Prices
• Over-supply, cheating and shale oil: the reasons Saudi Arabia-Russia oil deal won't work EU proposes new gas and LNG rules
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base 06 september 2019 energy news issue 1275 by khaled al awadiKhaled Al Awadi
The document discusses several energy and investment related news items:
1) The Sustainable City in Dubai signed a partnership with the Arab International Investment Forum to promote green investment efforts across the Arab world.
2) ADNOC and GIC completed a $600 million pipeline infrastructure deal in the UAE, boosting investment in ADNOC's midstream assets.
3) Kuwait and Iraq signed a contract with ERCE to conduct technical studies on developing cross-border oilfields between the two countries.
The document provides a market review and outlook of the Qatar stock exchange for the week ending November 7, 2013. Some key points:
- The QE Index gained 1.41% over the week to close at 9,976.21 points, with trading value and volume increasing 29.72% and 8.86% respectively.
- Regional markets were mixed, with Saudi Arabia up 2.7% and Qatar and Oman up 1.4% and 1.2% respectively. Dubai declined 0.8%.
- Foreign investors were net buyers while Qatari investors were net sellers during the week.
The Qatar Exchange Index gained 1.11% over the week to close at 13,104.75 points. Trading value increased slightly to QR4.95 billion, while volume decreased 12.16% to 111.6 million shares. MSCI added 10 Qatari and 9 UAE companies to its emerging markets index, including QNB Group, Industries Qatar, and Emaar Properties. Foreign institutions remained net buyers during the week at QR277.3 million, while Qatari and foreign retail investors were net sellers.
The QE index in Qatar rose 0.5% to close at 10,922.4, led by gains in the banking and financial services and industrials indices. Vodafone Qatar and Islamic Holding Group were the top gainers while Qatar & Oman Investment Co. and Ooredoo declined. Trading volume fell compared to the previous day and 30-day average. In company news, CBQK raised QR2bn in capital notes and QIBK plans to support Qatari investment in Ireland. Ashghal awarded road projects worth QR10.19bn and Msheireb Properties will build a new art center in Doha.
This document analyzes the country risk of the United Arab Emirates (UAE). It begins with an overview of the UAE, its economy, and its heavy reliance on oil and gas. The oil and gas sector in Abu Dhabi and Dubai is then discussed in depth. The impact of the 2008 economic crisis on the UAE's GDP and Dubai's financial position is examined. Finally, the types of risks facing investments in the UAE are identified, including sovereign, currency, financial, banking, political, and economic structure risks. The sovereign risk rating for the UAE was decreased to "Stable" from "Positive" due to the Dubai World crisis.
The QSE Index in Qatar gained 0.4% led by gains in the Industrials and Telecoms indices. Ahli Bank and Aamal Co. were the top gainers rising 5.7% and 2.6% respectively, while Mazaya Qatar Real Estate Development fell 1.5%. Volume traded fell 41.4% compared to the previous day. Other GCC markets were also mostly up with Saudi and Dubai indices rising 0.1% and 0.8% respectively.
This CV summarizes Aseel Abdurrahman Al-Buti's personal and professional details. It includes her name, date and place of birth, contact information, educational background which includes a Bachelor's degree in Business Administration from King Saud University, skills in various computer programs and languages, completed projects and research, specialized training programs attended, work experience including internships at Ernst & Young, Oracle, and Cisco, interests which include reading and traveling, and availability to provide references.
Colombia es una república unitaria ubicada en el noroeste de América del Sur, limita con varios países y mares, y es reconocida por su diversidad cultural y biodiversidad. Tiene una superficie de 2.070.408 km2 y una población que la convierte en el tercer país más poblado de América Latina.
Kuwait signed a contract to import liquefied natural gas (LNG) from Qatar to meet its energy needs through 2014. This will help satisfy rising air conditioning demand in Kuwait's hot summers. Kuwait began LNG imports in 2009 and typically signs deals with suppliers like Shell to provide LNG during peak summer demand. ROC Oil Company and Horizon Oil announced an all-scrip merger that would create an Asian-focused energy company with combined production of 5.5 million barrels of oil equivalent per year, net reserves of 36.9 million barrels, and net contingent resources of 120.7 million barrels. The merger is supported by both companies' boards and would position the combined company for growth in Asia.
The Abu Dhabi Fund for Development and the International Renewable Energy Agency are seeking applications for their fourth round of funding for renewable energy projects in developing countries totaling $50 million. The loans provided have lower interest rates than traditional loans, ranging from 1-2% depending on the country. So far the partnership has funded $98 million in projects producing over 56 megawatts of renewable energy. Countries in the Middle East and North Africa are potential future recipients as about 28 million people in the region lack access to electricity. ExxonMobil plans to start drilling for oil offshore Liberia in 2016-2017 now that the country has been declared Ebola-free. Lundin Petroleum has received approval to drill exploration
Greetings,
Attached FYI (NewBase 04 December 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE: Dubai's ENOC says to build 54 service stations by 2020
• Qatar Shell Partnerships with local businesses to foster entrepreneurship
• Nigeria and Morocco sign gas pipeline deal to link Africa to Europe
• Saudi King Salman inaugurates mega-projects Sadara and Satorp
• UK: Statoil starts production drilling on Mariner field in UK North Sea
• US: BP approves Mad Dog P#2 project in the Deepwater GOM
• Oil Prices settle at $51.68 & $54.35 posts biggest weekly gain since Feb 2011
• Electric Cars Could Take an OPEC-Sized Bite From Oil Demand
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy since 2010
The QSE Index in Qatar rose 7.6% led by gains in the Telecom and Real Estate indices. Vodafone Qatar and Ooredoo rose 10% each while Islamic Holding Group fell 8.1%. Regional indices also rose with Saudi up 2.5%, Dubai up 9.9%, Abu Dhabi up 3.5% and Kuwait up 3.3%. Company news included Doha Bank arranging a AED500mn facility for Sobha Group and NDSQ signing a contract to construct 11 vessels for New Port Project in Qatar.
Opportunity Arabia conference
Thursday 2nd October 2014
Omar Bahlaiwa
Secretary General, Saudi Committee for International Trade
'The Kingdom of Saudi Arabia: The Gateway to Investment Opportunities in the Middle East'
The document discusses opportunities for trade and investment between Australia and countries in the Middle East and North Africa region (MENA), particularly the Gulf Cooperation Council (GCC) countries and Morocco. It notes that MENA is open for business and the GCC countries present many opportunities in areas like infrastructure, food security, agriculture, and education. Austrade's strategy is to promote Australian capabilities and a team approach to capitalize on the unique window of opportunity in the region from 2014-2022.
Qatar is expected to lead GCC economic growth in 2014 at 6% due to large infrastructure projects and domestic consumption. The IMF forecasts overall GCC growth of 4.4% in 2014 as governments increase spending on sectors like education, healthcare, and infrastructure to diversify economies and reduce reliance on oil. Qatar, UAE, and Saudi Arabia are expected to see the highest growth rates while Kuwait's growth will lag at 2.6% due to its oil reliance. Economic growth in the GCC will remain tied to oil prices and supply dynamics.
Greetings,
Attached FYI ( NewBase Special 06 October 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Qatar: Al Attiyah to launch ME’s first energy think-tank
• UAE: DEWA awards construction contract for Solar Innovation Centre
• Oman: plans to award oil block 54 before year-end
• Oman: 8 global firms prequalified for Salalah ammonia project
• Libya oil output falls to 300,000 bpd: Official
• Iraq: Oil exports from north rise to 600,463 bpd in September
• Tanzania: Aminex provides Kiliwani North update - TPDC to exercise back-in right
• U.S. reactor operators increase uranium purchases from Kazakhstan
• Crude prices steady in Asian trade, Russia mulls oil talks
• BP's Record Oil Spill Settlement Rises to More Than $20 Billion
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy
The QE index declined marginally to close at 9,067.6, led by losses in the Transportation and Real Estate indices. Doha Insurance Co. and Qatar Islamic Insurance were the top losers, while Islamic Holding Group rose 3.0% as one of the top gainers. Regional indices were mostly higher, with Saudi Arabia and Dubai rising 0.7% each. Qatari shareholders sold shares despite buying support from non-Qatari investors. Qatar may change its currency peg once its economy is less dependent on hydrocarbons and markets deepen.
More than 30 finalists have been shortlisted for the 2014 Zayed Future Energy Prize across five categories, including large corporations like Ikea and Panasonic, non-profits working on solar energy access, and 14 global high schools with environmental education programs. The Gulf electricity grid connecting six states is also set for expansion by 2019 with an estimated $420 million investment due to rising energy demand in member states of 6-10% annually. Experts at a conference in Dubai and Abu Dhabi urged greater industry cooperation and regulatory alignment between GCC countries. The head of the Gas Exporting Countries Forum said that US shale gas production is confined to the US and will not significantly impact other gas producers or force Qatar to lower
The QE index in Qatar rose 0.3% led by gains in the real estate and transportation indices. Dlala Brokerage and Widam Food were the top gainers rising 3.3% and 3.2% respectively, while Ezdan Holding fell 5.6%. Regional indices were mixed with Dubai down 3.1% and Saudi Arabia down 0.2%, while Kuwait rose marginally. Company earnings news and updates on Qatar's real estate market stability and airlines moving to the new airport were also provided.
Greetings,
Attached FYI ( NewBase Special 18 February 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE Energy Minister tells CIS states to improve business climate to bring in investors
• GCC-CIS trade growing 20% a year
• UAE: Dolphin Energy Signs Contract with Abu Dhabi Ports
• Kazakhstan: Mega Kazakh oilfield to be back online this year
• US: 35% of drillers at high risk of bankruptcy: Report
• US: Diesel fuel retail price falls below $2.00 per gallon for first time since 2005
• US: Gasoline Trades as If U.S. Nearing Recession, Goldman Says
• US oil surges 8% after crude stocks fall, Brent crude 8.4%
• Goldman Says Producers Freezing Oil Output Won't Help Prices
• Over-supply, cheating and shale oil: the reasons Saudi Arabia-Russia oil deal won't work EU proposes new gas and LNG rules
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base 06 september 2019 energy news issue 1275 by khaled al awadiKhaled Al Awadi
The document discusses several energy and investment related news items:
1) The Sustainable City in Dubai signed a partnership with the Arab International Investment Forum to promote green investment efforts across the Arab world.
2) ADNOC and GIC completed a $600 million pipeline infrastructure deal in the UAE, boosting investment in ADNOC's midstream assets.
3) Kuwait and Iraq signed a contract with ERCE to conduct technical studies on developing cross-border oilfields between the two countries.
The document provides a market review and outlook of the Qatar stock exchange for the week ending November 7, 2013. Some key points:
- The QE Index gained 1.41% over the week to close at 9,976.21 points, with trading value and volume increasing 29.72% and 8.86% respectively.
- Regional markets were mixed, with Saudi Arabia up 2.7% and Qatar and Oman up 1.4% and 1.2% respectively. Dubai declined 0.8%.
- Foreign investors were net buyers while Qatari investors were net sellers during the week.
The Qatar Exchange Index gained 1.11% over the week to close at 13,104.75 points. Trading value increased slightly to QR4.95 billion, while volume decreased 12.16% to 111.6 million shares. MSCI added 10 Qatari and 9 UAE companies to its emerging markets index, including QNB Group, Industries Qatar, and Emaar Properties. Foreign institutions remained net buyers during the week at QR277.3 million, while Qatari and foreign retail investors were net sellers.
The QE index in Qatar rose 0.5% to close at 10,922.4, led by gains in the banking and financial services and industrials indices. Vodafone Qatar and Islamic Holding Group were the top gainers while Qatar & Oman Investment Co. and Ooredoo declined. Trading volume fell compared to the previous day and 30-day average. In company news, CBQK raised QR2bn in capital notes and QIBK plans to support Qatari investment in Ireland. Ashghal awarded road projects worth QR10.19bn and Msheireb Properties will build a new art center in Doha.
This document analyzes the country risk of the United Arab Emirates (UAE). It begins with an overview of the UAE, its economy, and its heavy reliance on oil and gas. The oil and gas sector in Abu Dhabi and Dubai is then discussed in depth. The impact of the 2008 economic crisis on the UAE's GDP and Dubai's financial position is examined. Finally, the types of risks facing investments in the UAE are identified, including sovereign, currency, financial, banking, political, and economic structure risks. The sovereign risk rating for the UAE was decreased to "Stable" from "Positive" due to the Dubai World crisis.
The QSE Index in Qatar gained 0.4% led by gains in the Industrials and Telecoms indices. Ahli Bank and Aamal Co. were the top gainers rising 5.7% and 2.6% respectively, while Mazaya Qatar Real Estate Development fell 1.5%. Volume traded fell 41.4% compared to the previous day. Other GCC markets were also mostly up with Saudi and Dubai indices rising 0.1% and 0.8% respectively.
This CV summarizes Aseel Abdurrahman Al-Buti's personal and professional details. It includes her name, date and place of birth, contact information, educational background which includes a Bachelor's degree in Business Administration from King Saud University, skills in various computer programs and languages, completed projects and research, specialized training programs attended, work experience including internships at Ernst & Young, Oracle, and Cisco, interests which include reading and traveling, and availability to provide references.
Colombia es una república unitaria ubicada en el noroeste de América del Sur, limita con varios países y mares, y es reconocida por su diversidad cultural y biodiversidad. Tiene una superficie de 2.070.408 km2 y una población que la convierte en el tercer país más poblado de América Latina.
Este documento presenta un informe sobre periféricos de computadora realizado por Chucho Mayanza Freddy Paul para su clase de Informática TICs en la Universidad Nacional de Chimborazo. El informe cubre cinco temas principales: periféricos de entrada, periféricos de salida, periféricos de entrada/salida, periféricos y elementos internos del PC, y unidades de almacenamiento. El trabajo fue supervisado por el profesor Fernando Guffante N.
Este documento contém apenas números de página e títulos de seções, sem conteúdo informativo relevante. Fornece uma estrutura para um possível manual técnico, mas não resume nenhuma informação essencial.
A empresa de tecnologia anunciou um novo smartphone com câmera aprimorada, processador mais rápido e bateria de maior duração. O novo dispositivo também possui tela maior e mais nítida em comparação com o modelo anterior. O lançamento do novo smartphone está programado para o próximo mês e espera-se que ele seja um sucesso de vendas.
Jornada Mundial Sin Alcohol y Salud Mental en La RiberaAlziraPsiquiatria
Este documento describe el programa de una Semana Sin Alcohol organizada por el Departamento de Salud de La Ribera del 11 al 15 de noviembre de 2013. La semana incluirá una conferencia inaugural sobre los efectos del alcohol durante el embarazo y la adolescencia, así como una jornada el viernes con mesas sobre el consumo de alcohol en adolescentes y la prevención a través de los medios. La semana concluirá con la proyección de una película y un coloquio sobre el alcoholismo. El evento está dirigido a profesionales de la salud mental
1. Information architecture involves structuring information environments like websites and intranets through organization, labeling, search, and navigation to support usability and findability. It is an emerging discipline focused on applying design and architecture principles to the digital landscape.
2. A cross-channel strategy is needed to address fragmentation across sites, domains, and identities. This ensures coherence across platforms, devices, media while balancing consistency and optimization.
3. Ubiquitous information architecture (IA) considers intertwined physical and digital experiences across diverse channels using sensors and mobile technologies. It frames IA beyond websites to include ambient, ubiquitous experiences.
Distribución de las actividades noche blanca 2015miciudadreal
La Noche Blanca de Ciudad Real se celebrará el 24 de julio y contará con numerosas actividades culturales y de ocio como teatro, música, danza, exposiciones y visitas guiadas en diferentes espacios de la ciudad. Habrá actuaciones en plazas y calles de grupos musicales, compañías de danza, exhibiciones de artes marciales y circense, entre otras. Los museos municipales estarán abiertos hasta tarde con exposiciones permanentes y temporales.
Programa estrategias comunicativas en conflicto maurizio alì 2010.01Dianaserroto
Este documento presenta la descripción de un curso universitario sobre estrategias comunicativas en contextos de conflicto. El curso se enfoca en analizar los mecanismos de resolución de conflictos y procesos comunicativos para el manejo de disputas. Los estudiantes desarrollarán competencias en el análisis de fuentes de información, el manejo de diferentes enfoques comunicacionales para contextos conflictivos, y la propuesta de estrategias novedosas para la resolución de conflictos. El trabajo del curso consiste en que los estudiantes dise
Formacion y coctel de negocio manuel abril 2014Rolando Segovia
Este documento anuncia un evento organizado por distribuidores independientes de Herbalife que tendrá lugar el 25 de abril de 2014 en el Hotel Eurostars Lucentrum en Alicante. El evento incluirá formaciones sobre diferentes roles en Herbalife como TAB, WT, SUP y distribuidor calificado, seguido de un cóctel de negocios. Los asistentes deben registrarse anticipadamente y habrá un invitado especial, Manuel Aguilar, miembro del equipo internacional de presidentes de Herbalife.
Software System Engineering - Chapter 7Fadhil Ismail
Activity diagrams can be used to model tasks, system functions, operations, and life cycles. They show the flow of activities and decisions using elements like activities, transitions, decisions. This document discusses the notation of activity diagrams, including how to represent activities, transitions, start/end states, decisions, object flows. It provides guidance on drawing activity diagrams, such as identifying the purpose, activities, order, decisions, repetitions, swimlanes, and objects.
This document discusses various aspects of beekeeping, including state inspection programs, basics for beginning beekeepers, income sources and budgets, insurance, organic certification, Africanized bees, bee pests and diseases, and educational resources. It provides an overview of regulatory requirements, recommends starting small and gaining experience before expanding, and outlines the equipment and materials needed to get started in beekeeping.
Alfred Kaltschmitt es un guatemalteco nacido en Costa Rica que ha vivido en varios países y se ha dedicado al servicio de su país a través de su trabajo en organizaciones no gubernamentales. Actualmente es el presidente y fundador de Fundación Agros, una ONG que trabaja con campesinos indígenas en Guatemala y otros países de Centroamérica desde hace 26 años. Además de su trabajo en Fundación Agros, Kaltschmitt ha ocupado cargos directivos en otras organizaciones y medios de comunicación, y es decano de la Facultad de Ci
Los vampiros emocionales son depredadores disfrazados que manipulan y abusan psicológicamente de las personas para alimentarse de sus emociones. Se describen cuatro tipos comunes y se explica que parecen encantadores al principio pero que luego dejan a las personas vacías y con problemas. Para defenderse, se recomienda tener una actitud mental positiva, aprender a decir no, y no dejarse afectar por sus mentiras o críticas.
ASEA - EL MILAGRO DE LAS MOLÉCULAS DE SEÑALIZACIÓN REDOXRafa Contreras
ASEA con su inovador proceso de activación de las moléculas de señalización redox es tecnología en salud de primera necesidad.
Comprueba sus beneficios llama hoy (81) 16529391 o lulagarza7@gmail.com
Envíos a toda la República.
The document discusses how businesses can improve operations and traction using the Entrepreneurial Operating System (EOS). It recommends identifying the right people for key roles, establishing core processes, and holding weekly meetings to review goals, issues, and tasks. Implementing EOS tools like the Accountability Chart and focusing on vision, processes, and people are presented as ways for businesses to better execute their plans and achieve results.
Idioma y cultura en el marketing internacionalEva Maria Diaz
El documento resume los aspectos clave de la comunicación y el marketing internacional en Marruecos, incluyendo la diversidad lingüística en el país, la importancia de dirigirse a los clientes en su idioma, y los desafíos culturales y técnicos de la localización de páginas web y la comunicación empresarial a diferentes idiomas como el árabe, francés y español.
This document lists special education (SPED) centers in several regions of the Philippines, including the National Capital Region (NCR), Caloocan City, Las Piñas City, Makati City, Malabon City, Mandaluyong City, and Manila City. For each region, it provides the names of public and private SPED schools and contact information. It requests submissions to enrich the list of SPED school information. The list contains details of over 100 different SPED schools, including the disabilities they cater to such as autism, hearing impairment, intellectual disabilities and more.
Super Effective Denial of Service AttacksJan Seidl
The document discusses denial-of-service (DoS) attacks and their targets at different layers of the OSI model. Layer 3 attacks target bandwidth consumption through techniques like ping floods and SYN floods. Layer 7 attacks target application resources through vectors like SSL handshake renegotiation to cause intense CPU usage on the server. The document outlines how Layer 7 attacks are more stealthy and efficient at causing damage than Layer 3 attacks.
Qatar has the world's fastest growing economy, with GDP growth projected to be 23.3% in 2010. The country benefits from vast hydrocarbon resources and has implemented a long-term national development plan called Qatar National Vision 2030 to diversify its economy and strengthen small businesses. DOHALAND is working to regenerate the architectural landscape of Qatar in line with this vision, with its flagship Musheireb project reviving the local architectural style through sustainable development.
This document discusses Qatar's strong and resilient banking sector. It notes that Qatar has the Middle East's most competitive finance sector, with Qatari banks leading the region in annual asset growth. The banking sector has been largely unaffected by global economic downturns due to strong macroeconomic fundamentals. Major Qatari banks like Qatar National Bank are expanding both within the region and internationally, while still focusing on the domestic market. The central bank governor cites initiatives to strengthen financial regulation and protect consumers as reasons for continued stability and growth in Qatar's banking industry.
Qatar has launched an ambitious long-term development plan called National Vision 2030 to diversify its economy and prepare for a post-oil future. The plan focuses on developing industries like petrochemicals, infrastructure like new ports and airports, services like tourism and finance, and positioning Qatar as a regional leader in education and research. Billions have already been invested to achieve goals like increasing non-energy exports, attracting foreign investment, expanding tourism facilities for the 2022 World Cup, and establishing Qatar as a global center for Islamic finance and knowledge-based industries.
The document discusses the role of the Qatar Central Bank (QCB) in managing Qatar's monetary policies and financial stability. It notes that since 2001, the QCB has maintained a fixed exchange rate between the Qatari Riyal and the US dollar. While this peg has provided stability, it also means Qatar must align its policies with the US at times. The QCB governor acknowledges both the benefits and challenges of the pegged exchange rate. Overall, the QCB takes a cautious approach focused on preventing financial risks and containing any emerging problems to maintain stability in Qatar's economy.
- Qatar has experienced rapid growth in its hospitality and tourism sector over the last 5 years, with visitor arrivals growing 11.5% annually and 20 new hotels opening in 2015 alone.
- Investment opportunities exist in developing new hotel room inventory, especially 3-4 star properties, as well as experiential hotels, resorts, eco-lodges, and boutique hotels. Opportunities also exist in tourism services, leisure, culture, and MICE sectors.
- Qatar offers advantages for tourism investment including a fast growing market, political stability, and over $200B already invested in infrastructure to support tourism like the new airport and metro system. The government is working to facilitate new investments in the sector.
Business Opportunity in Qatar - PresentationAlex Schnapp
The document provides an overview of business opportunities and the economic climate in Qatar. It notes that Qatar has the highest GDP per capita in the world and is investing heavily in infrastructure projects in preparation for the 2022 World Cup. Key sectors highlighted for opportunities include construction, healthcare, defense, IT, petrochemicals, transportation, and water/wastewater treatment. The Qatari government is also focusing on economic diversification and increasing spending on education.
QNBFS Daily Market Report September 12, 2017QNB Group
The QSE Index declined 1.5% led by losses in the Transportation and Insurance indices. Mannai Corporation and Qatar Gas Transport Co. fell the most, dropping 6.5% and 4.4% respectively. S&P affirmed ratings on Qatari banks including QNB Group, Commercial Bank of Qatar, Doha Bank and Qatar Islamic Bank while removing them from CreditWatch negative. Fitch revised Ooredoo's long term rating from A+ to A and maintained a negative outlook.
NewBase April 06-2022 Energy News issue - 1502 by Khaled Al Awadi.pdfKhaled Al Awadi
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Kuwait is investing over $100 billion to diversify its economy and move away from reliance on oil revenues. It aims to boost the private sector and return to its historical roots as a Gulf trading center. Kuwait was once a major trading hub due to its port location and quality boat building, but became over-reliant on oil wealth in the 20th century. Now, faced with lower oil prices, Kuwait is promoting private sector growth and foreign investment to strengthen its economy.
How to do business in qatar v2 @risman biznetRisman BizNet
How to do Business in Qatar &What Sectors Are Worth Tapping Presentation to Indonesian Businessman in Qatar by UHY Ammo & Co Qatar. Event Organized by Indonesian Embassy Doha Qatar
Saudi Arabia has embarked on a $350 billion economic development program with the goal of establishing itself as a global industrial force. A key part of this plan is building out infrastructure like transportation networks, ports, and telecommunications. The government is heavily investing in projects to upgrade infrastructure like water, healthcare, and transportation in order to support economic growth and meet the needs of its growing population. This infrastructure development is aimed at diversifying the economy beyond oil and establishing Saudi Arabia as a regional hub.
- The QE index in Qatar rose 1.1% led by gains in the Insurance and Transportation indices. Qatari Investors Group and Al Ahli Bank were the top gainers while Qatari German Co. for Medical Devices and Vodafone Qatar declined the most.
- Trading volume on Sunday increased 67.7% compared to the previous day and was 6.2% higher than the 30-day average, led by Barwa Real Estate Co. and Mazaya Qatar Real Estate Development.
- Internationally, OPEC forecasts that world oil demand will increase by 1 million barrels per day in 2014, supported by improved performance in emerging economies.
Mexico’s controversial Energy Reform may divide the population, but it is revitalizing the sector and positioning the energy industry for new levels of inward investment and job creation. But is it a reform to last?
United Development Company is developing The Pearl-Qatar, a $14 billion luxury waterfront development on an artificial island near Doha, Qatar. The Pearl-Qatar will be a four-phase development consisting of 10 distinct districts housing over 41,000 residents in beachfront villas, luxury apartments, and townhouses. It will also include hotels, marinas, and schools aimed at creating a self-contained Mediterranean-style lifestyle for residents of many nationalities. The Pearl-Qatar has already seen strong sales and is intended to be a unique cultural and living experience that combines the heritage of Qatar with modern amenities.
Qatar's vast wealth from oil and gas revenues is being reinvested into sustainable development initiatives for future generations under the Qatar National Vision 2030. Sheikha Mozah bint Nasser Al-Missned and His Highness The Emir Sheikh Hamad bin Khalifa Al-Thani are using LNG revenues to meet UN development goals through organizations like Qatar Foundation and initiatives like education city, which aim to develop human capital and diversify the economy away from hydrocarbon dependence.
This document discusses Ethiopia's economic development and challenges. It notes that Ethiopia faces its worst drought in 50 years, putting over 10 million people at risk of famine and threatening its recent economic gains. However, it also discusses Ethiopia's achievements, including strong economic growth over the past decade, cutting poverty levels, and progress on development goals. The document argues that Ethiopia needs continued international support to consolidate its successes and transition its economy from agriculture to manufacturing and industry. It highlights Ethiopia's case to investors for trade and investment at the World Economic Forum, with the potential to achieve further progress and development.
Australia is set to become a major global petroleum producer over the next two years as seven new LNG projects worth almost $200 billion come online. This will more than triple Australia's annual LNG production to 85 million tonnes and increase its total petroleum production to an estimated 1,200 million barrels of oil equivalent by 2017, ranking it just outside the top 10 petroleum producing nations. However, the recent collapse in oil prices poses a challenge as LNG prices are linked to oil. The growth of Australia's LNG industry has also increased costs and demand for labor and materials.
The document discusses how the UAE has successfully diversified its economy beyond oil through strategic investments and policies over the past four decades. This diversification has made the UAE more resilient to falling oil prices compared to other oil-producing nations. The non-oil sectors of the UAE economy, such as healthcare, renewable energy and aerospace, have expanded faster than the oil industry due to support from the government and foreign investment. The UAE is also developing laws and infrastructure like free zones to attract more foreign investment and companies in innovative industries.
Trinidad and Tobago has a long history as an oil producer but still has significant untapped oil and gas potential. The government is taking steps to revitalize the petroleum sector and attract new investment through tax changes and other programs. This includes lowering tax rates, increasing cost recovery limits, and establishing special tax rates for new and marginal fields. The goal is to increase production and reserves to maintain the country's economic prosperity as petroleum provides most government revenue, while also keeping the sector competitive with other investment opportunities globally.
Indonesia is seeking to reverse a long-term decline in oil production through attracting new investment in exploration and production. National oil output has fallen by nearly half since 1991 due to the maturity of existing fields, while domestic energy demand has skyrocketed. The government is taking steps to boost production, including improving its fiscal terms, streamlining regulations, and funding new seismic data acquisition. It aims to increase production to over 1 million barrels per day by encouraging enhanced recovery from existing fields and new exploration, especially in underexplored areas like East Indonesia. The replacement of BPMIGAS oil and gas regulator within 24 hours of a court ruling demonstrated Indonesia's commitment to stability and sanctity of contracts in its oil and gas industry.
Barcelona has become a global leader in mobile innovation and a model smart city through hosting the annual Mobile World Congress. By partnering with mobile operators and technology companies, Barcelona is developing and testing new applications of mobile technology in areas like healthcare, education, transportation and citizen services. These initiatives are transforming Barcelona and positioning it as the capital of mobile innovation through 2020 as the designated Mobile World Capital.
Australia is set to become a major global petroleum producer over the next two years as seven new LNG projects worth almost $200 billion come online. This will more than triple Australia's annual LNG production to 85 million tonnes and increase its total petroleum production to an estimated 1,200 million barrels of oil equivalent by 2017, ranking it just outside the top 10 petroleum producing nations. However, the recent collapse in oil prices poses a challenge as LNG prices are linked to oil. The growth of Australia's LNG industry has also increased costs and demand for labor and materials.
Indonesia is seeking to boost oil production through new exploration as domestic demand rises sharply. Production has declined from a peak of 1.7 million barrels per day in 1991 to 918,000 barrels in 2012 due to mature fields. The government is offering tax concessions and streamlining regulations to encourage new investment in exploration from companies like Chevron and ExxonMobil. The new regulatory body SKK Migas aims to balance the interests of stakeholders and reassure investors after replacing the unconstitutional BPMIGAS regulator.
This document summarizes Oman's history as a trading nation and its current efforts to diversify its economy and create jobs through investments in infrastructure, industries, and developing its oil and gas resources. It discusses how national oil company Petroleum Development Oman is increasing production through enhanced oil recovery techniques and creating local jobs. It also profiles independent operator Occidental Oman and its use of technology to increase production at fields in Oman.
1) The document discusses Oman's rich history of trading and seafaring, and how the country is now reasserting its role as a strategic crossroads through investments in infrastructure, industries, and developing its oil and gas resources.
2) Oman is increasing oil and gas production to fuel economic diversification and industrial development, positioning the country as a major player in the region. The national oil company, PDO, is applying enhanced oil recovery technologies to increase long-term production.
3) PDO is also focused on developing local suppliers and creating over 10,000 jobs to support its operations, helping Omanis benefit from the economic opportunities in the energy sector.
1. A SPECIAL ADVERTISING SUPPLEMENT TO THE NEW YORK TIMES MAGAZINE
qatar
A DYNAMIC MARKET
1
This supplement has been produced and sponsored by Summit Communications. It did not involve the reporting or editing staff of The New York Times.
SUMMIT COMMUNICATIONS
2 Lansdowne Row, Berkeley Square
London W1J 6HL
Tel: 44 20 7629 7198
summit@summitreports.com
Project Director: Nathalie Martin-Bea
An online version is available at
www.summitreports.com
Qatar is proving to be a highly stable
GCC country, thanks to its prudent
macroeconomicandnaturalresource
management.
Now,Qatarismakingevengreater
strides towards reinforcing its econo-
my and attracting foreign investors.
In the region FDI has been curtailed
by restrictions on business ownership
outsidethefreezones.Totheapproval
ofthelocalbusinesscommunity,three
sectors have been fully opened: con-
sultativeandtechnicalworkservices,
technology, and distribution services.
Under the amended law, foreigners
can also own a higher share of com-
paniesinagriculture,industry,health,
education, tourism, and natural
resources development.
Whilethenewlawwillsurelyencour-
ageinvestmentinavarietyofsectors,
thus falling in line with the diversifi-
cationeffortsofQatar’sNationalVision
2030, it is the hydrocarbon industry
itselfthathasboostedthenon-oilindus-
try. The wealth generated by oil and
gas has allowed for a higher purchas-
ingpowerandconsequentlyagreater
demand for products and services.
Non-oil manufacturing in the GCC
regionhasgrownoverthepastdecade,
increasing its contribution to GDP
from approximately 1% to 10%.
While the main economic driver
will remain hydrocarbons for many
yearstocome,thegovernmentbelieves
it is possible to build the banking,
insurance, telecom, IT and other sec-
tors around oil and gas.
NEW REFORMS, NEW OPPORTUNITIES
Yousef Hussain
Kamal
Minister of Finance
Don’t miss the Business and
Investment in Qatar Forum on
April 6-7 at the Waldorf-Astoria
in Manhattan. More info at
www.qatarnewyorkforum.com
Last December, Qatar celebrated one of the great-
esteconomicmilestonesinitshistory.Some1,200
VIP guests from around the world were in attendance
asQatarcommemoratedachieving77milliontonsper
annum (Mta) of liquefied natural gas (LNG) produc-
tion capacity.
This milestone is also a challenge as for almost a
decade now, the share in Qatar’s GDP of the hydro-
carbon sectors has been, on average, 57%. The key
challenge is to both diversify away from an economy
mostlyreliantonhydrocarbonindustriesandalsodiver-
sify its energy sector for more added value.
“Now the question is whether you remain a world
energy supplier or you transform yourself and provide
moreinordertobecomeanenergyplayer,”saysNasser
Al-Jaidah,CEOofQatarPetroleumInternational.“QPI
was born for that reason, in order to leverage QP’s strength."
QPI’s strategy for upcoming years is to add more and larger upstream activities to its
portfolio, eventually having 50% upstream and the other 50% downstream. “We are cre-
ating a unique business model internationally, creating new frontiers of collaboration with
international companies with transparency and stability,” adds Mr. Al-Jaidah.
AndasifconsolidatingitspositionovercompetingLNGexportingnationsweren’tenough
cause for celebration, the 77 Mta Celebration Event happened to coincide with another
exciting first for the country: winning the bid to host the 2022 World Cup.
In economic terms, Qatar is not just strong; it is also stable. While many countries are
just beginning to rebound from the economic recession,
other economies are waiting patiently for those players
to get back in the game. Qatar has mainly observed the
financial crisis from a near, yet comfortable distance.
The government’s prompt intervention in support-
ing local banks in December 2009, the solid levels of
liquidity, and the state’s sound pre-recession economy
havebeenmajorfactorsinsafeguardingQatar.Thecoun-
try achieved a remarkable growth in GDP of 11% in
2009, and an even more impressive 19% last year.
Predictions for 2011 are equally optimistic at 18%.
Recent developments include changes at Qatar
Financial Center (QFC) aimed at further boosting the
finance sector’s contribution to economic diversifica-
tion. QFC announced it will refocus on fostering the
asset management, captive insurance and reinsurance
industries. Yet another boom to the sector is the newly formed partnership between the
Qatar Exchange (QE) and the NYSE’s Euronext, whose 20% stake ($200 million) rep-
resents its largest investment in a foreign exchange and first step into the Middle East.
At the same time, the government unified the regulation of its financial services sector
under a single body, creating a clearer framework for foreign operators.
“AsingleregulatorybodywillfeedconfidencetoQatar’seconomy,”commentsMinister
of Finance Yousef Hussain Kamal. “It will also be easier to have better governance over-
all with a single regulator. This will ultimately be beneficial for both the receiver and the
supplier of finance, with better transparency.” ■
Unique and innovative skyscrapers make up Doha’s modern skyline,
giving viewers a glimpse of the ongoing development of the nation
QATAR NYTMAG part 2.qxd 18/3/11 16:38 Página 1
2. SPECIAL ADVERTISING SECTION
qatar
2
SPECIAL ADVERTISING SECTION
qatar
3
United Development Company (UDC) is Qatar’s prime example of
successful diversification, with influence in a variety of industries
United Development Company (UDC)
is a public shareholding company
listed in the Qatar Stock Exchange, a
strategic partner to NYSE Euronext.
The company’s mission is to identify
and invest in long term projects, con-
tributing to Qatar’s growth and pro-
viding good shareholder value.
UDC’s target areas of interest include:
infrastructure, energy-intensive indus-
tries, hydrocarbon, downstream manu-
facturing, real estate, maritime and
environment related
businesses, urban devel-
opment and utilities, hos-
pitality, retail and
fashion, IT, media and
communications, insur-
ance, and other services.
From day one the com-
pany’s mission has been
to become a cornerstone
in the developments of
Qatar and the region,
creating lasting values
and maximizing returns
for its partners and
shareholders.
Since 1999 UDC has
moved from researching
for projects into development, produc-
tions and operations. Project research
has led to the creation of companies
considered to be among the most suc-
cessful in the related fields.
UDC’s flagship project, The Pearl-
Qatar, is a 247-acre man-made island
and urban development project that is
rapidly becoming one of the best address-
es in the Middle East.
“The Pearl-Qatar embodies very well
the reforms and vision set by His
Highness The Emir, Sheikh Hamad Bin
Khalifa Al-Thani, to make Qatar a des-
tination of choice for business, tourism,
sports, education, and healthcare”
explains Khalil P. Sholy, managing
director and president of UDC.
From this venture, a number of
subsidiaries have been formed and
now operate in Qatar and abroad:
MEDCO (Middle East Dredging
Company), United Ready Mix (for
cement), Pragmatech (for IT services
and software engineering), Qatar Cool
(district cooling), Ronautica Middle
East, Hospitality
Development Company
(HDC), and United
Fashion Company.
UDC has been able
to successfully contin-
ue the upward trend of
past years. Earnings
per share and net prof-
its both grew 18%,
with profits up to
QR597 million versus
QR505.4 million in
2009. UDC continues
to grow liquidity, enjoy
low leverage, an
increase its high-qual-
ity asset base, and
above all, its commitment to trans-
parency and good governance, there-
by allowing the company to maximize
shareholder value.
In the words of Khalil Sholy, “If
you are looking to partner with busi-
ness leaders in a solid, robust and fast
growing economy there is no other
place that beats Qatar. At UDC, we
remain committed to providing share-
holders with steady, measurable and
consistent growth, mindful of nation-
al growth forecasted at 20% for
2011.” I
A CORNERSTONE OF QATAR’S DIVERSIFICATION
The Pearl-Qatar is achieving global
recognition as one of the Middle East’s
most prestigious locations, offering a
Mediterranean lifestyle while main-
taining local flavor.
“Our goal was to achieve a resort
island city that is home to a sophisti-
cated, multicultural blend of national-
ities,” says Kirk Martin, executive vice
president of United Fashion Company
(UFC), a subsidiary of UDC.
At The Pearl-Qatar, the shopping
and dining experience is one of a kind.
UFC has attracted major interna-
tional brands. World-class boutiques
are lining one of the world’s longest
waterfronts, comprising the 2.2-mile
Porto Arabia Boardwalk and Viva
Bahriya’s 1.2-mile beach.
Seventy international food, fashion,
and retail outlets are already open at
Porto Arabia. Three award-winning
marinas further add unique value to the
Island’s lifestyle. Ronautica Middle East
(RME), another subsidiary of UDC,
manages the Island’s marinas and offers
a variety of maritime services.
The yacht facilities at The Pearl-
Qatar are the largest and most mod-
ern in the region, positioning the
Island as the leisure boating hub.
“Also non-residents can moor their
boat, spend the day shopping and din-
ing, or spend a weekend in one of the
hotels,” says Jaumé Marco, RME’s
general manager.
The Island’s IT infrastructure offers
complete connectivity, as well as a host
of home automation capabilities enhanc-
ing convenience and security. Residents
will be able to control all functions of
their home from abroad. A ‘smart card’
willallowthemtoperformvarioustrans-
actions on the Island without the need
for cash or credit cards.
“From inception, our focus has been
to make The Pearl-Qatar truly a ‘smart’
Island,” says Mr. Sholy. “We have cre-
ated state-of-the-art infrastructure and
solutions delivering the quality of ser-
vice and standard of living residents
and businesses on The Pearl-Qatar
deserve – for this and future genera-
tions.”
Groundbreaking central cooling and
waste disposal systems provide a pris-
tine environment and reduce ecological
impact. The Pearl-Qatar is a city in its
own right, which upon completion will
offer every practical necessity, from
schools to health clinics. Entertainment
is guaranteed with a variety of water
sports, a multiplex cinema, art houses,
music, and social clubs to name a few.
THE PEARL-QATAR: LUXURY LIVING
TAKEN TO NEW HEIGHTS
First residents arrived in 2009 at the
multi-billion dollar man-made island,
extended over 985 acres of reclaimed
land and 2 million square feet of retail,
restaurants and entertainment
UDC’s flagship development offers a Mediterranean lifestyle
TwooftheMiddleEast’slargest
conglomerates,theQatar-based
Nasser Bin Khaled Group and
the Kuwaiti Al-Mulla Group,
joinedforcesin2006tocreateSelectTransportation
Solutions, a new success story in the car rental and
leasingindustryofQatar.Backedbythesetwogiants
in the automotive sector, Select is taking small but
assuredstepsinachievingmarketleadershipandcon-
tributing to the growth of the industry.
Together, NBK and Al-Mulla Group have given
Selectenviableadvantagesovercompetitors:decades
of experience, access to a large fleet of the latest
vehiclesandapresenceinautomotiveancillarieslike
Bosch, Ziebart, Michelin, Kawasaki and Harley-
Davidson. Select now has a fleet size of 1,000, with
Mitsubishicomprising75%andtheremaining25%
spread over Nissan, Honda and Chevrolet.
ThesestrengthsareespeciallyvitalinQatar’srel-
atively new car rental and leasing industry. Select
recognizes its inherent advantages, as it strives to
develop the market and its position within it to gain
anedgeovercompetitors.Evenforcorporateaccounts
such as Shell, Sidra Medical and Research Center
or Weill Cornell, Select works hard to please each
individual user.
“The way to distinguish yourself is through ser-
vice;howpromptyourresponseisorwhatvalueaddi-
tion you are offering to your customers. We need to
constantly innovate in order to stay ahead of com-
petition,” says general manager Dipankar Kanjilal.
“Our vision is to be a premium car rental company
inQatar,offeringvalue-addedservicestoclientsand
maximizing the profit aspiration of owners.”
Khalil P. Sholy
Managing Director and
President of UDC
PHOTO:VICKENSEROPIAN
‘REDEFINING SERVICE IN CAR LEASING’
Two big regional names launch
powerhouse car-leasing venture
Dipankar Kanjilal
General Manager
of Selectwww.selectqatar.com
Originally a basic port facility export-
ingcrudeoil,MesaieedIndustrialCity
(MIC)hasevolvedintoQatar’smainindus-
trial city and home to a wide range of
industrial activities in the hydrocarbon,
petrochemical,fertilizerandmetallurgical
sectors. As a main driver of diversification
in the country, MIC is current-
ly expanding into downstream
light industries and manufac-
turing.ItsimportancetoQatar’s
economy is clearly reflected
throughmulti-billiondollarpro-
jects such as the Qatar
Petrochemicals Complex
(QPCC) and the Qatar
AluminumPlant(Qatalum),two
of the largest projects in the
worldintheirrespectivesectors.
The250,000-barrels-a-dayAl-Shaheen
crude oil refinery also represents another
important project currently planned for
development.
In addition to new projects being devel-
oped, several existing companies are also
undergoing massive expansions, such as
Qatar Fertilizer Company (QAFCO), Qatar
Petrochemical Company (QAPCO) and
the Qatar Chemical Company (QChem).
“Our vision at MIC is to provide the
ideal platform for companies located here
to be able carry out their ambitious pro-
jects successfully. In order to help them
achieve this, we work very
closely with them at every
stage,” says Mohammed
Jassim Al-Baker, director of
MIC. The industrial city’s val-
ue as an investment destina-
tion is considerable, as
companies establishing them-
selves there are able to benefit
from synergies, not only with
existing industries, but also
with other developments that
are being built adjacent to MIC such as
the New Doha Port Project and the new
Economic Zone 3.
“There are a number of incentives lur-
ing foreign investors into MIC, such as
the abundance of energy resources, no
export duties, no custom duties on machin-
ery and equipment imports, shared facil-
ities and easy access to world markets
through its 24-hour commercial and indus-
trial port,” says Dominic Carlone, MIC’s
head of business systems in the Business
and Investors Department.
As part of its Master Plan 2005-2030,
MIC is in the process of implementing a
series of initiatives that will improve hous-
ing, recreational and retail facilities as
well as provide municipal services at its
location. This has been raising MIC’s
profile not only as a place to do business,
but also as a true community in which to
live and enjoy its friendly atmosphere.
“Qatar continues to invest heavily in
its industrial cities in response to the
changing needs of business and commu-
nity,” says Mr. Al-Baker. “MIC is trans-
forming itself into a modern, flourishing,
multicultural and environmentally friendly
place to work and live.” I
MIC: A CITY OF OPPORTUNITY
Mesaieed Industrial City (MIC) is home to various
industries and downstream activities, and embodies
Qatar’s drive for diversification
Mesaieed Industrial City features a fully serviced, 24-hour commercial port spanning
46.6 square miles – all strategically located just 25 miles from Doha
Mohammed
Jassim Al-Baker
Director of MIC
Qatar’s energy sector boasts some of the
world’s highest standards, and Velosi has
emergedasthepreferredsupplierofman-
agement services. Velosi’s project man-
agementprogramoverseesqualityateach
stage, from purchasing through commis-
sioning.Thecompanyexcelsatdelivering
ISO management system certifications
and safety inspections, and works closely
with giants such as Exxon Mobil.
“WestartedinQatarwithsourceinspec-
tionsandworldwideinspectionsforQatar
Petroleum,” explains regional manager
Pandra Sudhir. “Slowly, we spread our wings to local third party inspections and
project certifications. We now are involved in most of the projects done by Qatar
Petroleum, QatarGas and RasGas, supporting them with certification and verifi-
cation as well as supporting the technical inspection team from the client’s side.”
“Sometimes it is easy to land a first contract given your strong global brand
but to sustain and renew contracts requires local expertise. That is where Velosi
has a chance to shine and show what it is worth,” he adds.
Velosi’s service portfolio is expanding, offering asset integrity consultations,
HSE solutions and specialized NDT. The company itself is also growing through
mergers and acquisitions, incorporating other companies into the Velosi group
smoothly. “Our strategy is to amalgamate them into our group by offering their
services. Our ultimate aim is to provide an integrated and one-stop solution for
our clients,” says Mr. Sudhir.
Pandra Sudhir, Middle East
Regional Manager of Velosi
RAISING THE STANDARDS
www.velosi.com
QATAR NYTMAG part 2.qxd 24/3/11 13:44 Página 2
3. SPECIAL ADVERTISING SECTION
qatar
2
SPECIAL ADVERTISING SECTION
qatar
3
United Development Company (UDC) is Qatar’s prime example of
successful diversification, with influence in a variety of industries
United Development Company (UDC)
is a public shareholding company
listed in the Qatar Stock Exchange, a
strategic partner to NYSE Euronext.
The company’s mission is to identify
and invest in long term projects, con-
tributing to Qatar’s growth and pro-
viding good shareholder value.
UDC’s target areas of interest include:
infrastructure, energy-intensive indus-
tries, hydrocarbon, downstream manu-
facturing, real estate, maritime and
environment related
businesses, urban devel-
opment and utilities, hos-
pitality, retail and
fashion, IT, media and
communications, insur-
ance, and other services.
From day one the com-
pany’s mission has been
to become a cornerstone
in the developments of
Qatar and the region,
creating lasting values
and maximizing returns
for its partners and
shareholders.
Since 1999 UDC has
moved from researching
for projects into development, produc-
tions and operations. Project research
has led to the creation of companies
considered to be among the most suc-
cessful in the related fields.
UDC’s flagship project, The Pearl-
Qatar, is a 247-acre man-made island
and urban development project that is
rapidly becoming one of the best address-
es in the Middle East.
“The Pearl-Qatar embodies very well
the reforms and vision set by His
Highness The Emir, Sheikh Hamad Bin
Khalifa Al-Thani, to make Qatar a des-
tination of choice for business, tourism,
sports, education, and healthcare”
explains Khalil P. Sholy, managing
director and president of UDC.
From this venture, a number of
subsidiaries have been formed and
now operate in Qatar and abroad:
MEDCO (Middle East Dredging
Company), United Ready Mix (for
cement), Pragmatech (for IT services
and software engineering), Qatar Cool
(district cooling), Ronautica Middle
East, Hospitality
Development Company
(HDC), and United
Fashion Company.
UDC has been able
to successfully contin-
ue the upward trend of
past years. Earnings
per share and net prof-
its both grew 18%,
with profits up to
QR597 million versus
QR505.4 million in
2009. UDC continues
to grow liquidity, enjoy
low leverage, an
increase its high-qual-
ity asset base, and
above all, its commitment to trans-
parency and good governance, there-
by allowing the company to maximize
shareholder value.
In the words of Khalil Sholy, “If
you are looking to partner with busi-
ness leaders in a solid, robust and fast
growing economy there is no other
place that beats Qatar. At UDC, we
remain committed to providing share-
holders with steady, measurable and
consistent growth, mindful of nation-
al growth forecasted at 20% for
2011.” I
A CORNERSTONE OF QATAR’S DIVERSIFICATION
The Pearl-Qatar is achieving global
recognition as one of the Middle East’s
most prestigious locations, offering a
Mediterranean lifestyle while main-
taining local flavor.
“Our goal was to achieve a resort
island city that is home to a sophisti-
cated, multicultural blend of national-
ities,” says Kirk Martin, executive vice
president of United Fashion Company
(UFC), a subsidiary of UDC.
At The Pearl-Qatar, the shopping
and dining experience is one of a kind.
UFC has attracted major interna-
tional brands. World-class boutiques
are lining one of the world’s longest
waterfronts, comprising the 2.2-mile
Porto Arabia Boardwalk and Viva
Bahriya’s 1.2-mile beach.
Seventy international food, fashion,
and retail outlets are already open at
Porto Arabia. Three award-winning
marinas further add unique value to the
Island’s lifestyle. Ronautica Middle East
(RME), another subsidiary of UDC,
manages the Island’s marinas and offers
a variety of maritime services.
The yacht facilities at The Pearl-
Qatar are the largest and most mod-
ern in the region, positioning the
Island as the leisure boating hub.
“Also non-residents can moor their
boat, spend the day shopping and din-
ing, or spend a weekend in one of the
hotels,” says Jaumé Marco, RME’s
general manager.
The Island’s IT infrastructure offers
complete connectivity, as well as a host
of home automation capabilities enhanc-
ing convenience and security. Residents
will be able to control all functions of
their home from abroad. A ‘smart card’
willallowthemtoperformvarioustrans-
actions on the Island without the need
for cash or credit cards.
“From inception, our focus has been
to make The Pearl-Qatar truly a ‘smart’
Island,” says Mr. Sholy. “We have cre-
ated state-of-the-art infrastructure and
solutions delivering the quality of ser-
vice and standard of living residents
and businesses on The Pearl-Qatar
deserve – for this and future genera-
tions.”
Groundbreaking central cooling and
waste disposal systems provide a pris-
tine environment and reduce ecological
impact. The Pearl-Qatar is a city in its
own right, which upon completion will
offer every practical necessity, from
schools to health clinics. Entertainment
is guaranteed with a variety of water
sports, a multiplex cinema, art houses,
music, and social clubs to name a few.
THE PEARL-QATAR: LUXURY LIVING
TAKEN TO NEW HEIGHTS
First residents arrived in 2009 at the
multi-billion dollar man-made island,
extended over 985 acres of reclaimed
land and 2 million square feet of retail,
restaurants and entertainment
UDC’s flagship development offers a Mediterranean lifestyle
TwooftheMiddleEast’slargest
conglomerates,theQatar-based
Nasser Bin Khaled Group and
the Kuwaiti Al-Mulla Group,
joinedforcesin2006tocreateSelectTransportation
Solutions, a new success story in the car rental and
leasingindustryofQatar.Backedbythesetwogiants
in the automotive sector, Select is taking small but
assuredstepsinachievingmarketleadershipandcon-
tributing to the growth of the industry.
Together, NBK and Al-Mulla Group have given
Selectenviableadvantagesovercompetitors:decades
of experience, access to a large fleet of the latest
vehiclesandapresenceinautomotiveancillarieslike
Bosch, Ziebart, Michelin, Kawasaki and Harley-
Davidson. Select now has a fleet size of 1,000, with
Mitsubishicomprising75%andtheremaining25%
spread over Nissan, Honda and Chevrolet.
ThesestrengthsareespeciallyvitalinQatar’srel-
atively new car rental and leasing industry. Select
recognizes its inherent advantages, as it strives to
develop the market and its position within it to gain
anedgeovercompetitors.Evenforcorporateaccounts
such as Shell, Sidra Medical and Research Center
or Weill Cornell, Select works hard to please each
individual user.
“The way to distinguish yourself is through ser-
vice;howpromptyourresponseisorwhatvalueaddi-
tion you are offering to your customers. We need to
constantly innovate in order to stay ahead of com-
petition,” says general manager Dipankar Kanjilal.
“Our vision is to be a premium car rental company
inQatar,offeringvalue-addedservicestoclientsand
maximizing the profit aspiration of owners.”
Khalil P. Sholy
Managing Director and
President of UDC
PHOTO:VICKENSEROPIAN
‘REDEFINING SERVICE IN CAR LEASING’
Two big regional names launch
powerhouse car-leasing venture
Dipankar Kanjilal
General Manager
of Selectwww.selectqatar.com
Originally a basic port facility export-
ingcrudeoil,MesaieedIndustrialCity
(MIC)hasevolvedintoQatar’smainindus-
trial city and home to a wide range of
industrial activities in the hydrocarbon,
petrochemical,fertilizerandmetallurgical
sectors. As a main driver of diversification
in the country, MIC is current-
ly expanding into downstream
light industries and manufac-
turing.ItsimportancetoQatar’s
economy is clearly reflected
throughmulti-billiondollarpro-
jects such as the Qatar
Petrochemicals Complex
(QPCC) and the Qatar
AluminumPlant(Qatalum),two
of the largest projects in the
worldintheirrespectivesectors.
The250,000-barrels-a-dayAl-Shaheen
crude oil refinery also represents another
important project currently planned for
development.
In addition to new projects being devel-
oped, several existing companies are also
undergoing massive expansions, such as
Qatar Fertilizer Company (QAFCO), Qatar
Petrochemical Company (QAPCO) and
the Qatar Chemical Company (QChem).
“Our vision at MIC is to provide the
ideal platform for companies located here
to be able carry out their ambitious pro-
jects successfully. In order to help them
achieve this, we work very
closely with them at every
stage,” says Mohammed
Jassim Al-Baker, director of
MIC. The industrial city’s val-
ue as an investment destina-
tion is considerable, as
companies establishing them-
selves there are able to benefit
from synergies, not only with
existing industries, but also
with other developments that
are being built adjacent to MIC such as
the New Doha Port Project and the new
Economic Zone 3.
“There are a number of incentives lur-
ing foreign investors into MIC, such as
the abundance of energy resources, no
export duties, no custom duties on machin-
ery and equipment imports, shared facil-
ities and easy access to world markets
through its 24-hour commercial and indus-
trial port,” says Dominic Carlone, MIC’s
head of business systems in the Business
and Investors Department.
As part of its Master Plan 2005-2030,
MIC is in the process of implementing a
series of initiatives that will improve hous-
ing, recreational and retail facilities as
well as provide municipal services at its
location. This has been raising MIC’s
profile not only as a place to do business,
but also as a true community in which to
live and enjoy its friendly atmosphere.
“Qatar continues to invest heavily in
its industrial cities in response to the
changing needs of business and commu-
nity,” says Mr. Al-Baker. “MIC is trans-
forming itself into a modern, flourishing,
multicultural and environmentally friendly
place to work and live.” I
MIC: A CITY OF OPPORTUNITY
Mesaieed Industrial City (MIC) is home to various
industries and downstream activities, and embodies
Qatar’s drive for diversification
Mesaieed Industrial City features a fully serviced, 24-hour commercial port spanning
46.6 square miles – all strategically located just 25 miles from Doha
Mohammed
Jassim Al-Baker
Director of MIC
Qatar’s energy sector boasts some of the
world’s highest standards, and Velosi has
emergedasthepreferredsupplierofman-
agement services. Velosi’s project man-
agementprogramoverseesqualityateach
stage, from purchasing through commis-
sioning.Thecompanyexcelsatdelivering
ISO management system certifications
and safety inspections, and works closely
with giants such as Exxon Mobil.
“WestartedinQatarwithsourceinspec-
tionsandworldwideinspectionsforQatar
Petroleum,” explains regional manager
Pandra Sudhir. “Slowly, we spread our wings to local third party inspections and
project certifications. We now are involved in most of the projects done by Qatar
Petroleum, QatarGas and RasGas, supporting them with certification and verifi-
cation as well as supporting the technical inspection team from the client’s side.”
“Sometimes it is easy to land a first contract given your strong global brand
but to sustain and renew contracts requires local expertise. That is where Velosi
has a chance to shine and show what it is worth,” he adds.
Velosi’s service portfolio is expanding, offering asset integrity consultations,
HSE solutions and specialized NDT. The company itself is also growing through
mergers and acquisitions, incorporating other companies into the Velosi group
smoothly. “Our strategy is to amalgamate them into our group by offering their
services. Our ultimate aim is to provide an integrated and one-stop solution for
our clients,” says Mr. Sudhir.
Pandra Sudhir, Middle East
Regional Manager of Velosi
RAISING THE STANDARDS
www.velosi.com
QATAR NYTMAG part 2.qxd 24/3/11 13:44 Página 2
4. SPECIAL ADVERTISING SECTION
qatar
4
SPECIAL ADVERTISING SECTION
qatar
5
The Specialized
Aluminium &
Steel (SASCO)
Group is one of
Qatar’s leading
companies and a
prime example of
successful diversification. Firmly estab-
lished in many of the nation’s main
industries and across the Middle East,
the group is poised for further inter-
national expansion.
Set up in 1983, the business spe-
cializes in steel and aluminum as the
name suggests. While it has remained
one of the nation’s leading companies
in those fields, its unyielding expansion
strategy has led to its successful
entrance into a range of high potential
industries. The idea behind this plan of
action is that if any one industry suf-
fers through a period of low demand,
the others will compensate and the
group will continue to thrive.
So far, SASCO Group’s reach extends
into fields as diverse as construction,
software solutions, pharmaceuticals,
chemical distribution, carpentry, man-
ufacturing, building materials, car and
equipment rental, and much more. They
offer these services across Qatar as well
as in several foreign markets and are
primed to expand their international
ventures.
“In the stainless steel sector we are
planning to manufacture our own prod-
ucts with a specific division in the UAE,”
says SASCO Group managing director
James K. Chacko. “We already have an
aluminum manufacturing unit in Abu
Dhabi and smaller operations in Sharjah.
International expansion is set for India
and Egypt, and we are slowly starting
up in Libya as well.”
The ability to offer a wide range of
mutually supportive divisions under one
central management distinguishes the
group from its competitors. SASCO
Group is one of the companies that offers
the most services in Doha.
The group is heavily involved in some
of the most prestigious construction pro-
jects currently underway in Qatar, includ-
ing The Pearl-Qatar, Al Wa’ab City and
West Bay projects. While several projects
have suffered delays, Mr. Chacko notes
that, in contrast, SASCO Group offers a
track record of completing its projects
ahead of time and has won several awards
for doing so. As a family-run business,
all the directors take pride in the com-
pany’s accolades. They aim to provide
high standards and flexibility to clients,
aware that this will ultimately lead to
client satisfaction and repeat orders.
“Everyone has a direct interest in the
business,” says Mr. Chacko. “Each
department is very much involved. There
is cooperation, sincerity and coordina-
tion. Everyone feels this is their own
company and are therefore 100% sin-
cere and responsible at work.”
Partnerships are a key factor to SAS-
CO Group’s strategy of expansion. Well
known and trusted within the nation
and region, the group is looking for
partnerships to expand its internation-
al potential further afield. As such, it
participates in international trade fairs
and pursues mutually beneficial col-
laborations.
Ultimately, “partnerships with glob-
ally recognized companies will be an
important part of our future growth,”
says executive director K. Sasikumar.
SASCO Group is confident in its future
and intends to continue on the trajecto-
ry that has brought it strength, stability
and success, while remaining open to new
opportunities and expanding into new
industry niches. As a highly successful and
established venture in the region, the
group is keen to extend its partnerships
and is in a prime position to link com-
panies between the U.S. and the Gulf. ■
SASCO – PARTNERS FOR SUCCESSFUL DIVERSIFICATION
By collaborating with successful international companies, SASCO Group has dominated the steel and aluminum sector
K. Sasikumar
Executive Director
of SASCO Group
James K. Chacko
Managing Director
of SASCO Group
Despite the global credit crunch,
Qatar’s real estate growth shows lit-
tle sign of slowing down as most projects
in both the public and the private sector
are going ahead as planned. Qatar is
increasingly moving towards green
building practices, where Sabban
Property Investments (SPI) is already
playing a key role. The com-
pany has been active-
ly involved in the
initial meeting
regarding the
formationofthe
Qatar Green
Building
Council (QGBC) and has also been award-
ed the Qatar Today 2008 Green Award
for Green Roof and Building Design, as
well as being runner up in the
Environmental Leadership category. As
the first carbon neutral developer in the
GCC region, SPI is well aware that this
position does not only entail reducing CO2
emissions in its own projects, but also
means contributing towards
worldwide projects. These
international ventures have
included assisting in the devel-
opment of renewable energy
in India through wind turbine
and solar projects, the devel-
opment of a renewable ener-
gy plant in New Zealand as
well as an educational project
in Jamaica.
The company’s main
attractions in Qatar, Sabban Towers,
are located on the prestigious The Pearl-
Qatar development. With sweeping har-
bor and sea views, Sabban Towers are
the custodians of some of the most fash-
ionable apartments and lavish pent-
houses on the man-made island. “The
smallest thing like fitting buildings with
energy efficient light bulbs or having
appliances that adhere to Grade A effi-
ciency can make a huge difference. That
is what we have done with the 522 apart-
ments available at Sabban Towers,”
says Arron Browne, sales and market-
ing manager.
Mr.Brownecommentsthatthe
company welcomes partnerships
with U.S. investors in the con-
structionanddevelopmentindus-
tries.“Wewouldfindgreatvalue
in working with companies that
canhelpincreasethesustainability
ofourfuturebuildings.Wewould
alsobeinterestedinworkingwith
environmentalgroupsintheU.S.
and around the world.”
Thecompany’sfutureshowsa
lot of potential as the region begins to value
greenbuildingpracticesasthenewstandard.
“Apart from projects in Qatar and KSA, we
will be launching a new real estate arm that
will go to the extent of taking 100% prop-
erty management.” ■
wwwwww..ssaabbbbaann--ppii..ccoomm
EEmmaaiill:: ssppii@@ssaabbbbaannggrroouupp..ccoomm
COMMITTED TO SUSTAINABLE DEVELOPMENTS
Sabban Property Investments’ experienced team creatively converts land into thoughtfully designed, green communities
Arron Browne
Sales & Marketing
Manager of SPISabban Towers at The Pearl-Qatar, the
iconic multi-billion dollar offshore devel-
opment by United Development Company
QATAR NYTMAG part 2.qxd 18/3/11 16:57 Página 4
5. SPECIAL ADVERTISING SECTION
qatar
4
SPECIAL ADVERTISING SECTION
qatar
5
The Specialized
Aluminium &
Steel (SASCO)
Group is one of
Qatar’s leading
companies and a
prime example of
successful diversification. Firmly estab-
lished in many of the nation’s main
industries and across the Middle East,
the group is poised for further inter-
national expansion.
Set up in 1983, the business spe-
cializes in steel and aluminum as the
name suggests. While it has remained
one of the nation’s leading companies
in those fields, its unyielding expansion
strategy has led to its successful
entrance into a range of high potential
industries. The idea behind this plan of
action is that if any one industry suf-
fers through a period of low demand,
the others will compensate and the
group will continue to thrive.
So far, SASCO Group’s reach extends
into fields as diverse as construction,
software solutions, pharmaceuticals,
chemical distribution, carpentry, man-
ufacturing, building materials, car and
equipment rental, and much more. They
offer these services across Qatar as well
as in several foreign markets and are
primed to expand their international
ventures.
“In the stainless steel sector we are
planning to manufacture our own prod-
ucts with a specific division in the UAE,”
says SASCO Group managing director
James K. Chacko. “We already have an
aluminum manufacturing unit in Abu
Dhabi and smaller operations in Sharjah.
International expansion is set for India
and Egypt, and we are slowly starting
up in Libya as well.”
The ability to offer a wide range of
mutually supportive divisions under one
central management distinguishes the
group from its competitors. SASCO
Group is one of the companies that offers
the most services in Doha.
The group is heavily involved in some
of the most prestigious construction pro-
jects currently underway in Qatar, includ-
ing The Pearl-Qatar, Al Wa’ab City and
West Bay projects. While several projects
have suffered delays, Mr. Chacko notes
that, in contrast, SASCO Group offers a
track record of completing its projects
ahead of time and has won several awards
for doing so. As a family-run business,
all the directors take pride in the com-
pany’s accolades. They aim to provide
high standards and flexibility to clients,
aware that this will ultimately lead to
client satisfaction and repeat orders.
“Everyone has a direct interest in the
business,” says Mr. Chacko. “Each
department is very much involved. There
is cooperation, sincerity and coordina-
tion. Everyone feels this is their own
company and are therefore 100% sin-
cere and responsible at work.”
Partnerships are a key factor to SAS-
CO Group’s strategy of expansion. Well
known and trusted within the nation
and region, the group is looking for
partnerships to expand its internation-
al potential further afield. As such, it
participates in international trade fairs
and pursues mutually beneficial col-
laborations.
Ultimately, “partnerships with glob-
ally recognized companies will be an
important part of our future growth,”
says executive director K. Sasikumar.
SASCO Group is confident in its future
and intends to continue on the trajecto-
ry that has brought it strength, stability
and success, while remaining open to new
opportunities and expanding into new
industry niches. As a highly successful and
established venture in the region, the
group is keen to extend its partnerships
and is in a prime position to link com-
panies between the U.S. and the Gulf. ■
SASCO – PARTNERS FOR SUCCESSFUL DIVERSIFICATION
By collaborating with successful international companies, SASCO Group has dominated the steel and aluminum sector
K. Sasikumar
Executive Director
of SASCO Group
James K. Chacko
Managing Director
of SASCO Group
Despite the global credit crunch,
Qatar’s real estate growth shows lit-
tle sign of slowing down as most projects
in both the public and the private sector
are going ahead as planned. Qatar is
increasingly moving towards green
building practices, where Sabban
Property Investments (SPI) is already
playing a key role. The com-
pany has been active-
ly involved in the
initial meeting
regarding the
formationofthe
Qatar Green
Building
Council (QGBC) and has also been award-
ed the Qatar Today 2008 Green Award
for Green Roof and Building Design, as
well as being runner up in the
Environmental Leadership category. As
the first carbon neutral developer in the
GCC region, SPI is well aware that this
position does not only entail reducing CO2
emissions in its own projects, but also
means contributing towards
worldwide projects. These
international ventures have
included assisting in the devel-
opment of renewable energy
in India through wind turbine
and solar projects, the devel-
opment of a renewable ener-
gy plant in New Zealand as
well as an educational project
in Jamaica.
The company’s main
attractions in Qatar, Sabban Towers,
are located on the prestigious The Pearl-
Qatar development. With sweeping har-
bor and sea views, Sabban Towers are
the custodians of some of the most fash-
ionable apartments and lavish pent-
houses on the man-made island. “The
smallest thing like fitting buildings with
energy efficient light bulbs or having
appliances that adhere to Grade A effi-
ciency can make a huge difference. That
is what we have done with the 522 apart-
ments available at Sabban Towers,”
says Arron Browne, sales and market-
ing manager.
Mr.Brownecommentsthatthe
company welcomes partnerships
with U.S. investors in the con-
structionanddevelopmentindus-
tries.“Wewouldfindgreatvalue
in working with companies that
canhelpincreasethesustainability
ofourfuturebuildings.Wewould
alsobeinterestedinworkingwith
environmentalgroupsintheU.S.
and around the world.”
Thecompany’sfutureshowsa
lot of potential as the region begins to value
greenbuildingpracticesasthenewstandard.
“Apart from projects in Qatar and KSA, we
will be launching a new real estate arm that
will go to the extent of taking 100% prop-
erty management.” ■
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EEmmaaiill:: ssppii@@ssaabbbbaannggrroouupp..ccoomm
COMMITTED TO SUSTAINABLE DEVELOPMENTS
Sabban Property Investments’ experienced team creatively converts land into thoughtfully designed, green communities
Arron Browne
Sales & Marketing
Manager of SPISabban Towers at The Pearl-Qatar, the
iconic multi-billion dollar offshore devel-
opment by United Development Company
QATAR NYTMAG part 2.qxd 18/3/11 16:57 Página 4
6. SPECIAL ADVERTISING SECTION
qatar
6
Arecent article in the Harvard Business
Review observed that for many com-
panies, their greatest assets are hidden
within their organizations. In other words,
to expand into new business activities,
these companies should look inwards
rather than outwards.
Jaidah Group is an excellent
example of how a company can
diversifybasedonitscoreactiv-
ities, and furthermore become
one of the most respected con-
glomerates in the region.
The group’s roots can be
traced back to the 19th centu-
ry when the Jaidah family trad-
ed basic goods in Qatar. While
the company still retails goods
such as furniture and vehicles,
its offer has expanded over the
years to also include heavy equipment,
computers and other technological prod-
ucts, industrial supplies, and even services
in both the upstream and downstream oil
and gas/energy sectors.
Moreover, Jaidah Group has teamed up
with some of the world’s best brands in
theirrespectivefields,suchasGM,Fujitsu,
Xerox, Elba, Ligne Roset, Halliburton and
most recently, Herve Gambs and Dedon.
With these powerful partnerships, the
group has better weathered the econom-
ic recession.
“These are brands that have strong
foundations and financial backing that
allow them to continue functioning even
duringthesehardtimes,”saysMohammed
Jaidah, the group’s chief development
officer.
In contrast to the strategies of the more
cautious among the competition, Jaidah
Automotive earlier this year launched its
brand new Khalifa Showroom near the
Great Mosque in Doha. Previously, the
grouphadopenedanewLigneRosetshow-
room also in Doha, during the worst peri-
od of the global crisis. Fortunately, it
proved successful.
“Within the management, we were a
little worried about this decision but we
were pleased to find out that in the lux-
ury sector, the demand still exists in
Qatar. People still want luxury here and
are ready to spend considerably on it,”
explains Mr. Jaidah.
In fact, he considers these difficult
financial times to be the best moments
for following new business pursuits, as
there is less activity and more time for
inventing, planning and strategizing. And,
the best place to pursue new business,
according to Mr. Jaidah, is in unsatis-
fied demands in the market.
As much as the group has grown, it still
considers itself a family business. However,
with increased competition
from new entrants in the mar-
ket, Jaidah Group, like many
other family businesses, is
modifying its management
style in order to become more
competitive and better able to
adapt to the changing eco-
nomic environment.
Looking forward, Jaidah
Group is optimistic as it seeks
out more unsatisfied demands
to fulfill.
“Qatar is still a very young
market,” says Mr. Jaidah, adding that it
hasprovennearly“recession-proof”thanks
to the strength of its foundations.
Additionally, the group looks forward to
forming new partnerships with foreign
SMEs entering Qatar. ■
JAIDAH: A FLAGSHIP
NAME IN QATAR
With a significant business portfolio, the Jaidah family has
anchored its name in households and businesses alike
Mohammed Jaidah
Chief Development
Officer of Jaidah
Group
Jaidah is successful in oil and gas-related
business, industrial equipment, heavy
equipment, technology and much more
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