Al Sawari for Industries (ASI) has signed a memorandum of understanding with Uniform Italia srl, to establish a joint venture that will manufacture uniforms for a wide variety of sectors.
The joint venture company will set up a factory later this year at an estimated investment of $35mn. It will operate in the manufacturing, trade and servicing of clothing, uniform and accessories in Qatar.
The statement of intent was recently signed by Sheikh Turki bin Faisal al-Thani, chairman of Al Sawari Holding, and Arnaldo Usai, CEO of Uniform Italia srl.
Present on the occasion were HE Sheikh Faisal bin Qassim al-Thani, chairman of Al Faisal Holding; Sheikh Mohamed bin Faisal al-Thani, president of the Italian Chamber of Commerce in Qatar; Qatar’s ambassador to Italy Abdulaziz bin Ahmed al-Maliki al-Jehani; Federica Guidi, Minister of Economic Development, Italy; Italian ambassador in Qatar Guido De Sanctis, and Giancarlo Innocenzi Botti, chairman of Invitalia SPA (the Italian Agency for Investment’s Development).
The company will also produce work uniforms including those used for the State’s security and military personnel, construction, manufacturing, airline crew, and similar industries and public sector undertakings such as schools and healthcare.
“Both sides are evaluating potential industrial sites and are screening the existing local supply chain,” Sheikh Turki said in statement.
As part of the agreement, the joint venture will sell and distribute clothing, uniform and accessories in the Middle East, North Africa, Europe and other regions.
Uniform Italia srl, involved in the military clothing sector since 1945, is considered one of the leading Italian companies in its field.