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
 Jul 5 2015 - Emaar Misr to add USD2.26b to market capitalizationMENAFN
(MENAFN) Emaar Misr will add USD2.26 million to the market capitalization after being listed over the Cairo bourse, according to the bourse chief, Amwal Alghad reported.The affiliate of the United ...

 Jul 5 2015 - Saudi Looks for 'Guinness' Record with 50,000 Coins MuralSaudi Press Agency
(MENAFN - Saudi Press Agency) A Saudi citizen seeks to set a Guinness Record with drawing the largest painting mural in the world with more than 50,000 coins, in support of his talent initiated since ...

 Jul 5 2015 - PM: Jordan is a stable country with well-defended bordersJordan News Agency
(MENAFN - Jordan News Agency) Prime Minister Abdullah Ensour said Jordan is a stable country, owing its security to the wisdom of its leadership and its people's awareness, which are its source of ...

 Jul 5 2015 - Jordan- Moderate weather forecast until TuesdayJordan News Agency
(MENAFN - Jordan News Agency) The weather will be moderate until Tuesday in the hilly areas while it will be relatively hot to hot in the Badia, the Jordan Valley and Aqaba with high clouds and ...

 Jul 5 2015 - Israeli forces arrest 9 PalestiniansJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation troops arrested 9 Palestinians in the occupied West Bank, the Palestinian Interior Ministry said in a statement Sunday.The occupation forces broke ...

 Jul 5 2015 - Jordan- Border guards receive 275 new Syrian refugeesJordan News Agency
(MENAFN - Jordan News Agency) A total of 275 Syrian refugees from various age groups, entered the Kingdom through various crossing points during the past 72 hours.The border guards provided the ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Venezuela on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Venezuela Nicolas Maduro a cable of congratulation on the ...

 Jul 5 2015 - Kuwait- Message from His Highness the Amir delivered to Nicaraguan PresidentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The State of Kuwait's non-resident ambassador to Nicaragua, Samih Johar Hayat, has delivered a message from His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Cape Verde on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Cape Verde Jorge Carlos Fonseca a cable of congratulation on the ...

 Jul 5 2015 - Terrorism main topic of Arab Parliament's urgent meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab Parliament (AP) held an urgent meeting here Sunday which focused on the recent terrorist attacks that hit a number of Arab countries.A press release by ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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