Present during the signing were H. E. Salah Salem Al Shamsi, Chairman and Managing Director of Al Qudra Holding and Mohammad Abdullah Weld Eyyaha , Director of Mauritania's Investment Development Authority.
"The MOU aims to commence a carefully-drawn blueprint of development in various economic sectors of Mauritania, through investments and infrastructures, real estate, fishing, agriculture and tourism. There is an immense potential and we see great possibilities for their people and their beautiful country. The timing is right for the dynamic pursuit of developments in these fronts," applauded His Excellency Eng. Salah Al Shamsi.
Mohammad Abdullah emphasized, 'Our government is taking every step to ensure that our vision for the country will be realized in the near future. A big step indeed relies on the success of this momentous partnership with Al Qudra Holding, an organization we hold in high esteem, and with which we hope to build stronger ties in the years to come."
As a former French colony, Mauritania is still heavily dependent on agriculture, livestock and fishing to this day. Their landscape is predominantly comprised of flat terrains, alternating between dry, arid deserts and robust soil. Bordered by the Atlantic Ocean, their coastal waters are among the richest fishing areas in the world. They are rich in natural resources, with extensive deposits of iron ore and large reserves of oil were just discovered in 2001. Profits from oil alone are expected to balloon to millions of dollars in 2008.
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Al Qudra Holding signs MOU with the Islamic Republic of Mauritania
- United Arab Emirates: Tuesday, February 12 - 2008 at 10:15
- PRESS RELEASE
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The signing of the Memorandum of Understanding (MOU) between Al Qudra Holding, the leading investment company in the UAE, and the Mauritanian government opens new vistas for commitment, cooperation and mutual gain.
Present during the signing were H. E. Salah Salem Al Shamsi, Chairman and Managing Director of Al Qudra Holding and Mohammad Abdullah Weld Eyyaha , Director of Mauritania's Investment Development Authority.
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Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, February 12 - 2008 at 10:15 UAE local time (GMT+4)
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About Al Qudra Holding
Al 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.
For further information please contact:
Amel Saad
Viola Communications
Office: 02-6449444
Fax: 02- 6459911
Al 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.
For further information please contact:
Amel Saad
Viola Communications
Office: 02-6449444
Fax: 02- 6459911
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