Message from the Chairman
Faisal Bin Qassim Al Thani
DOHA CABLES Chairman
Qatar’s economic growth story over the last few decades has been remarkable. The country has become one of the world’s fastest growing and most successful economies as markets diversify and infrastructure develops.
Since its foundation, our Company has contributed to and benefitted from Qatar’s development. We have achieved sustainable growth in a number of key sectors and helped the country diversify away from traditional oil and gas income streams as the significant infrastructure and industrial investment programme set out in the Qatar National Vision 2030 has driven economic growth.
Against this background, Aamal Company, one of the region’s largest diversified companies, has launched major industrial ventures in Qatar and successfully positioned itself as a predominantly industrial enterprise.
Aamal’s scale and diversification give us a distinct advantage in attracting world class multinational companies which see us as the partner of choice for entering the Qatari market. We seek to form long-term strategic relationships in which such companies provide the requisite technical knowledge, brand and products whilst Aamal provides the necessary local market knowledge and skills on the ground.
A major example of which we are proud is “Doha Cables”. It is a significant step towards achieving our goal of building market-leading positions in high growth sectors and meeting the increasingly sophisticated demands of the Qatari market. Doha Cables is a subsidiary of Senyar Industries, a 50:50 joint venture between Aamal Company Q.S.C. and Elsewedy Cables, the Middle East’s leading integrated cables and electrical products manufacturer. The Doha Cables plant was established in 2010 and has made a material contribution to Qatar’s industrial sector by helping to satisfy rising demand for cables stemming from rapid infrastructure development.
We are uniquely positioned to offer comprehensive and well-balanced exposure to Qatar’s growth, encouraged by government support for the private sector under the wise leadership of His Highness the Emir, Sheikh Tamim Bin Hamad Al Thani.