Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - Woqod International plans expansion  Join our daily free Newsletter

MENAFN - The Peninsula - 10/02/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) Woqod International, foreign investment arm of Woqod (Qatar Fuel) is evaluating investment opportunities to expand its presence in overseas market, both through acquisition as well as establishing new projects, especially in Saudi Arabia and Europe, said H E Abdullah bin Hamad Al Attiyah, Chairman of Woqod, Qatar's leading fuel distribution company



"We are exploring a lot of investment opportunities overseas, especially acquisitions in foreign markets," said Al Attiyah. "We have recently started gas distribution business in Saudi Arabia under the brand name 'Woqod', and looking forward to make more investments in the country in different areas of businesses. We are also exploring the European market.



Al Attiyah was speaking to the media on the sidelines of a ceremony to inaugurate the newly-built Woqod Tower located in West Bay



Al Attiyah, who is also the Chairman of the Qatar Administrative Control and Transparency Authority, officially inaugurated the iconic tower yesterday. The ceremony was attended by Mohamed Turki Al Sobai, Vice-Chairman and Managing Director of Woqod, and a number of Woqod board members, senior officials from Municipality, Civil Defence and Oryx GTL.



Asked if there was any fixed budget for overseas investments, he said: "We have open budget, there is no limit for good opportunities."



He said that at the same time, the company will continue to expand its local business in different areas such as gas stations, bitumen, marine services and lubricant business.




"We have started exporting our lubricants (under the brand name Ghaf) to Iraq, Jordan, Saudi Arabia, Oman and the UAE, and looking forward to export the product to new markets," he said.



Al Sobai said: "Today, we are happy to share with you the inauguration ceremony of our headquarters at the West Bay after obtaining all the necessary documents and fulfilling all the safety and security requirements which took us a quiet long time."



"The building exterior is cladded with glass panes, framed by energy-efficient LED lights running along the building to illuminate the skyline at night with glamorous and lively colours. At the top of the building sets the largest three faces LED screen in Qatar, which is used to pass on public awareness messages, social messages and greetings on Qatar's special religious and celebratory occasions" Al Sobaie added



Located on a flat site of 3,500 square metres, the172-metre tall building comprises of 34 floors, serviced by eight high-speed elevators that swiftly serve over 42,500 square metres of built up area, a ground floor Sidra store and lounge and an ATM, a first floor mosque. The building is accommodated by 350 car parking spaces housed within four levels of underground basement floors.


 


The Peninsula




  MENA News Headlines
 Mar 29 2017 - Dubai to reduce speed limits on two key highwaysKhaleej Times
(MENAFN - Khaleej Times) The Dubai Roads and Transport Authority has decided to reduce speed limits on two key Dubai roads, it was announced today. Speed limits on Sheikh Mohammed bin Zayed Road ...

 Mar 29 2017 - 10 reasons why you must invest in Dubai propertyKhaleej Times
(MENAFN - Khaleej Times) Here are a few reasons for investors to consider committing to the Dubai real estate sector: Expo 2020 is coming to Dubai Dubai is hosting the next World Expo in October ...

 Mar 29 2017 - UAE- Bundle of knowledge for Emiratis in remote areasKhaleej Times
(MENAFN - Khaleej Times) Emiratis residing in remote areas will get books on various topics until Thursday under the 'Reading Convoy' initiative launched by the Mohammed bin Rashid Al Maktoum ...

 Mar 29 2017 - Video: Dubai Police rescue three men from a burning dhowKhaleej Times
(MENAFN - Khaleej Times) On Tuesday, the Dubai Police carried out a rescue mission saving three people in distress from a burning dhow along the Dubai coast. In the minute long video shared on ...

 Mar 29 2017 - Video: Sheikh Hamdan rescues lorry stuck in Dubai desertKhaleej Times
(MENAFN - Khaleej Times) We all have read fairytales where a prince in shining armour comes riding a horse to rescue a damsel in distress. It was no less different for this lorry driver stuck in ...

 Mar 29 2017 - Indians to get visa on arrival in UAE, on this conditionKhaleej Times
(MENAFN - Khaleej Times) The UAE Cabinet has approved a decision to grant Indian passport holders with either a valid US visa or a green card a visa on arrival. The decision comes within the ...

 Mar 28 2017 - Jordan- His Majesty and King Salman of Saudi Hold SummitAlghad Newspaper
(MENAFN - Alghad Newspaper) AMMAN — His Majesty King Abdullah II and Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud held a summit in Amman on Monday evening focusing on ...

 Mar 29 2017 - Dubai to introduce robots in government services soonKhaleej Times
(MENAFN - Khaleej Times) A new Artificial Intelligence (AI) smart lab will soon begin training government employees and private sector officials to implement AI and 'cognitive computing' in a wide ...

 Mar 29 2017 - Jordan- Speech of His Majesty at the opening of Amman SummitJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 29 (Petra) --- His Majesty King Abdullah II, Wednesday delivered a speech at the opening of the 28th ordinary session of the Council of League of Arab ...

 Mar 29 2017 - Jordan- FM holds quadripartite meeting tackling stalled peace processJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 29 (Petra) -- Minister of Foreign and Expatriate Affairs, Ayman Safadi, Wednesday held a meeting the High Representative of the European Union for Foreign ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help