MRC-Q is set to become a leading company in the industrial sector in the United Arab Emirates and region. The company will specialize in the manufacture of metals such as aluminum, lead, copper, iron and steel. MRC-Q will also be involved in various industrial activities such as the manufacture of tires, paper, plastics, wood, oils and lubricants.
When queried about the new company, H.E. Eng. Salah Salem Bin Omeir Al Shamsi, Chairman of the Board and Managing Director of Al Qudra Holding, stated that: "Al Qudra Holding, through its industrial arm, is honored to cooperate with Agility, through MRC which has extensive experience in the manufacturing field. The objective of this partnership is to support the industrial sector and serve the country."
For his part, H.E. Khalid Mohammed Al Mutawa, Chairman of the Board and Managing Director of MRC, ascertained that: "We are pleased to join forces with Al Qudra Holding through its industrial arm. Because Al Qudra Holding is a strategic partner in the region, our alliance with the company allows us to capitalize on its internal and external relations. This will open up many investment opportunities and enable us to develop the infrastructure necessary for the establishment of various operational processes in the industrial sector."
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Al Qudra Industrial and the Kuwaiti MRC announce the establishment of MRC-Q in Abu Dhabi
- United Arab Emirates: Saturday, January 19 - 2008 at 12:54
- PRESS RELEASE
Q Industrial, a prominent subsidiary of Al Qudra Industrial which is the industrial investment arm of the Al Qudra Holding group of companies, signed a founding contract with the Kuwaiti MRC, the industrial investment arm of Agility, for the establishment of MRC-Q.
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About Al Qudra HoldingAl Qudra Holding is the leading private joint stock investment company based in the United Arab Emirates. Established in May 2005 with a capital of Dhs550m increased subsequently to Dhs600m, the company has focused on contributing to the development of the Emirates and has quickly become one of the fastest growing companies in terms of performance, as well as market capitalization.
Today the company has a large group of specialized subsidiaries that operate under its umbrella in important sectors such as education; tourism; industry; health care; agricultural, energy; infrastructure development; sports management and the entertainment industry. Furthermore, Al Qudra Holding has put forward unique investment opportunities and facilitated the development of various projects that meet the local and regional market needs.
The company is considered the ideal strategic partner for many leading regional companies looking to invest in the United Arab Emirates, and Abu Dhabi in particular. This has been achieved through the trust, expertise and competencies that the company has acquired through the successful foundation of project and investment strategies that have attracted strategic and specialized partners in all fields from across the globe. Al Qudra Holding is currently investing in the development of various projects in Morocco, Yemen, Algeria, and Senegal with future plans to invest in Egypt, and Syria and other international economies.
Al Qudra Industrial - Company Profile
Headquartered in Abu Dhabi, UAE, Al Qudra Industrial is a fully owned subsidiary of Al Qudra Holding, one of the largest investment companies in the region. Al Qudra Industrial invests in the development of industrial sectors and zones and works to meet the needs of the industrial sector by undertaking local and regional projects. Today, the company occupies a leading position in its field of endeavors. Since its inception, Al Qudra Industrial has contributed to the growth of the UAE economy by supporting various vital sectors including trade, transport and storage.
Q-Industrial - Company Profile
Based in Abu Dhabi, UAE, Q-Industrial is the product of a fruitful alliance between Al Qudra Industrial and Qatar Manufacturing. Q-Industrial undertakes the development and establishment of industrial enterprises with a range of strategic partners. The company's operations span several industries including petrochemicals, chemical products, plastics, steel, aluminum, alternative energy, electricity, oil, gas and mining.
Agility - Company Profile
Agility is an international company renowned for devising integrated solutions for a wide range of businesses. Today, Agility employs over 20,000 employees in 450 branches distributed in 100 countries. The company earns annual consolidated revenues of $4.5 billion. Agility meets the needs of its prestigious clients through the provision of premium services fully supported by a comprehensive network of shipping, storage, administrative and transportation facilities.
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Tel: +971 2 644 9444
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Posted by Lara Lynn Golden, News EditorSaturday, January 19 - 2008 at 12:54 UAE local time (GMT+4)
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