Yousef Al Essa appointed to Board of Directors and Executive Committee of Qatari Infrastructure Company

Tatweer, capitalised at QR 560 million (US$ 154 million), is a Qatari and Kuwaiti initiative established as a private shareholding company.
The company will invest in infrastructure projects in Qatar and the GCC. Projects will include waste management, power plants, roads, bridges and tourism development in addition to industrial projects, and the construction and operation of airports and harbours. Addax Investment Bank is a founding shareholder of Tatweer Infrastructure Company.

The Company's first Board of Directors meeting was held after completing the incorporation procedures to declare the establishment of the Company and formation of its Board of Directors for a 5-year term of office comprising the following:
Mr. Abdulla Nasser Al Misnad, Chairman
Mr. Mr. Loay Jassim Al Kharafi, Deputy Chairman
Mr. Hamad Ahmed Al Haroon, Managing Director,
Mr. Jassim bin Abdulla Al Misnad, representative of Qatar International Company,
Mr. Faisal Meshari Al Enjari, representative of Warba Investments.
Mr. Mohammed Al Melham, representative of Gulf Investment Corporation,
Mr. Yousef Shamlan Al-Essa, representative of Addax Investment Bank, Bahrain
Mr. Fawzan Al Fares, representative of National Investments Company.
Mr. Abdulla Mohammed Al Sagr, representative of Al Mal Investment Company.

Tatweer is also planning to introduce a unique concept whereby it will allocate a part of its capital to support creative business ideas by young talent in the GCC by providing financial and strategic support.

Commenting on his appointment, Yousef Al-Essa said, 'We have an excellent group of shareholders and Directors at Tatweer. I am honoured to be a part of this prestigious group of founders. The Qatari market is extremely promising, and there is an abundance of attractive investment opportunities. I have no doubt that the Qatari economy will witness tremendous growth in the coming years.'

He concluded, 'Participating in Tatweer is just the beginning of our entry into Qatar. We are already working on a number of other opportunities in this exciting and promising market.'