Quotes: US 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.

 






  MENA News Headlines
Apr 23 2014Saudi- Exhibit to showcase 1000 paintings ,Arab News
(MENAFN - Arab News) Arabian wings (aw) will kick off fiesta 1000 a display of 1000 paintings in jeddah on thursday at the al-furusya yacht club. 'the project has received support from different ...

Apr 23 2014Saudi- Sweet success: Mars factory in KAEC impresses governor ,Arab News
(MENAFN - Arab News) Makkah gov. prince mishaal bin abdullah recently paid an official visit to king abdullah economic city (kaec) where the mars chocolate factory one of the largest confectionery ...

Apr 23 2014Saudi- Insurance sector index surges 2.27% ,Arab News
(MENAFN - Arab News) The benchmark tadawul all-share index (tasi) closed tuesday's trading session down by 11.18 points or 0.12 percent to 9606.58 after being low as much as 55 points during the ...

Apr 23 2014Saudi- First group of doctors engineers graduate from IMSIU ,Arab News
(MENAFN - Arab News) The riyadh-based imam muhammad ibn saud islamic university (imsiu) celebrated the graduation of 17000 students this year on monday on its campus in the presence of riyadh gov. ...

Apr 23 2014Kowait: 5938 illegal residents said 'rectified' status ,Arab Times
(MENAFN - Arab Times) Kuwait city april 5 (kuna): up to 5 938 illegal residents have modified their status since formation of the central agency for remedying illegal residents' status in 2011 ...

Apr 23 2014Kowait- 'All must join hands to save youth from strife' ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (kuna): minister of information and minister of state for youth affairs sheikh salman al-sabah said tuesday the youth ministry has completed a study ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Kowait- MoH boosts efforts to curb obesity rate ,Arab Times
(MENAFN - Arab Times)  kuwait city feb 3 (kuna): director of the health well-being division of the ministry of health dr abeer al- baho affirmed sunday that the ministry scaled up the efforts ...

Apr 23 2014UAE- Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014UAE- Billion-dollar realty projects on show ,Arab News
(MENAFN - Arab News) Cityscape abu dhabi a three-day realty event that began with 120 regional and international exhibitors witnessed major announcements on tuesday.salama bint hamdan al-nahyan ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014UAE- ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Galadari Automobiles unveils all-new 2015 Mazda3 in UAE ,Khaleej Times
(MENAFN - Khaleej Times) The all-new mazda3 was unveiled to the world at events held simultaneously in five cities where the consensus was loud and clear: ?mazda has done it again!? galadari ...

Apr 23 2014Saudi- Ministry launches complaint center for domestic workers ,Arab News
(MENAFN - Arab News) The labor ministry has launched a first-of-its-kind multilingual communication center to address complaints and grievances voiced by the kingdom's 1.2 million domestic ...

Apr 23 2014UAE- Cassation Court upholds' drug dealer's life term ,Khaleej Times
(MENAFN - Khaleej Times) The abu dhabi court of cassation on monday upheld the life sentence awarded to a gcc national for drug smuggling and trafficking. the court also upheld his one-year ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Breaking an egg ... for charity in Abu Dhabi ,Khaleej Times
(MENAFN - Khaleej Times) The campaign which runs till the end of april features a live exhibition to the public and a private auction of the life-sized eggs. shaikh nahyan bin mubarak al nahyan ...

Apr 23 2014Kuwait- Five individuals tested negative for Coronavirus ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Health Authority of Abu Dhabi (HAAD) announced here on Tuesday that five more of the individuals who were in isolation in hospital with MERS Coronavirus ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help