Aamal Company Announces Three Major New Industrial Projects Through Senyar Industries Qatar Holding
January 09, 2018 at 04:34 am
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Aamal Company Q.P.S.C. announced that via Senyar Industries Qatar Holding W.L.L will further diversify through the development of three
major new industrial projects: a copper production facility; an aluminum production facility; and a drum production facility. The first factory is the ‘Senyar Copper Production Factory’,with capital of QAR 95 million. The factory will specialise in the production of copper wires and will be the first of its kind in Doha. The expected completion date is the first quarter of 2019 and the project will be funded using a combination of equity and debt. The second factory is the ‘Senyar Aluminum Production Factory’, with capital of QAR 10 million. The factory will specialize in the production of aluminum bars and wires and will be the first of its kind in Doha. The expected completion date is the end of 2019 and the project will be funded using a combination of equity and debt. The third factory is the ‘Senyar Drum Production Factory’, with capital of QAR 10 million. The factory will specialise in the production of wooden and steel cable drums and will be the first of its kind in Doha. The expected completion date is the end of 2018 and the project will be funded using a combination of equity and debt.
Aamal Co QPSC is a Qatar-based company, which is engaged in diversified industry sectors. The Company is organized into four business segments: Investment Property segment is engaged in leasing the facilities of retail outlet complex, real estate investments and property rental businesses; Trading and distribution segment is involved in the wholesale and retail distribution of pharmaceutical and consumable items, medical equipment, tires and lubricants, perfumes and cosmetic items; Industrial manufacturing segment involves in the manufacture, wholesale and retail distribution of electric cables and tools, ready-mix concrete and cement blocks, as well as the provision of services in relation to industrial investment, repair and construction of power plants, and management of industrial enterprise, and Managed services segment is engaged in the provision of housekeeping and cleaning services and facilities management services, among others.