Tags
QPMC officials led by al-Hammadi (right) and Muri join Oryx executives al-Khashti and Barakat after the agreement signing ceremony.
Qatar Primary Materials Company (QPMC) and Fujairah-based Oryx Industries have signed a deal for the supply of 2mn tonnes of quarry products to support Qatar’s construction boom.
Under the agreement, Oryx will supply QPMC with 2mn tonnes of quarry products over the course of one year and will be delivered to Qatar through the Port of Fujairah, Oryx said in a statement.
The signing ceremony was attended by Oryx Industries general manager Bader al-Khashti, deputy CEO Nasser Barakat, QPMC CEO Eisa al-Hammadi, and legal adviser Abdul Salam Muri.
Al-Khashti said: “We are seeing a strong resurgence in demand for construction projects across the GCC markets, nowhere more notably than in Qatar. Oryx Industries is well-positioned to provide the foundations for the large-scale infrastructure projects that are vital to the country’s long-term vision.
“Qatar Primary Materials Company is on the forefront of facilitating this construction boom. We are delighted to have signed this agreement, and look forward to building a productive, lasting partnership together.”
The demand for building materials in Qatar “is forecast to burgeon amidst a spate of mega infrastructure projects in the country,” he said. A major driver of the construction boom in Qatar is the FIFA World Cup in 2022. Qatar is estimated to spend more than $200bn on building projects ahead of the tournament, including at least eight new sports stadiums. Another is the Doha Metro project, which is expected to see its first phase completed in 2019.
Oryx Industries is the leading group in quarry products, trading stones, ready mix concrete, and industrial transportation. The Fujairah-based company comprises three subsidiaries that produce around 10mn tonnes and trades up to 12mn tonnes of gabbro products. It has a 60% share of ready mix concrete in Fujairah and the eastern coast of the UAE, which the world’s third largest exporter of quarry products.
There are no comments.
SPORT Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
TECHNOLOGY Some 60mn primary-school-age children have no access to formal education
CULTURE Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
ARABIA The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
ARABIA Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
ARABIA The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
ECONOMY Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.
