Muntajat mandated with exclusive rights to market and distribute Qatar's chemicals and petrochemicals
- Qatar: Saturday, December 29 - 2012 at 09:32
- PRESS RELEASE
The State of Qatar takes a significant step forward towards establishing itself as the world's pre-eminent chemicals and petrochemicals hub with the launch of Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) Q.J.S.C. during a press conference held under the patronage and the presence of H.E. Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry and the Chairman of the Board of Directors of Muntajat.
HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry and the Chairman of the Board of Directors of Muntajat commented: "The establishment of Muntajat marks an important milestone in diversifying Qatar's exports portfolio. This new endeavor is testament to the vision of His Highess Sheikh Hamad Bin Khalifa Al-Thani, the Emir of the State of Qatar, to take our nation closer to achieving its 2030 Vision and positioning Qatar as a key player in global chemicals and petrochemicals markets."
Now recognised as one of the leading oil and gas producing nations, Qatar also produces 10 million tonnes per annum of chemicals, polymers and fertilisers, supplying and supporting the growth of a wide number of industries around the world. Qatar will be investing around USD25 billion up until 2020 in its chemicals and petrochemicals fields with an objective to support and grow the industry towards a sustainable diversified economy that will mark Qatar's next decade as the "Chemical and Petrochemical" decade.
"Muntajat is set to become the face of Qatar in the international chemicals and petrochemicals market, with a streamline operation marked by its logistics efficiency and economies of scales. Muntajat's activities will consolidate chemical and petrochemical marketing and distribution efforts into a single entity to provide adroitness in doing business and better serve global demands," added HE Dr. Al-Sada. "The new company will support the growth of the local production industry and contribute to a diversified, knowledge-based economy that further expands and reinforces Qatar's best utilization of its hydrocarbon resources."
"In addition to bringing added value to Qatar's chemical and petrochemical industry, Muntajat will create job opportunities for local talent and support a solid knowledge sharing platform that elevates standards of living, reinforces the gross domestic product (GDP) and contributes to advancing Qatar's economy." explained Mr. Al Sada
Mr. Abdulrahman Ahmad Al-Shaibi, Vice Chairman of the Board of Directors and Chairman of the Technical Committee that oversaw the establishment of Muntajat said: "By consolidating the distribution and marketing channels of the country's chemical and petrochemical products, Muntajat immediately becomes one of the largest entities in the global chemicals and petrochemicals marketing industry."
"Our strategy focuses on the provision of value added services to ensure efficient marketing and distribution channels extending to more than 120 countries around the world, and serving as a one-stop shop supplying Qatar's high quality chemical, polymer and fertiliser exports at competitive prices.
Capitalizing on more than 20 years' experience in the marketing and distribution of Qatar's chemicals and petrochemicals products, Muntajat management's vision is to position itself closer to its global customers by establishing a large spread network in key geographic locations around the world." added Mr. Al-Shaibi.
The establishment of Muntajat comes in parallel to Qatar's chemical and petrochemical industry inaugurating new state-of-the-art plants with several new facilities planned to be operational in the next few years. Strategic investments in the chemical and petrochemical infrastructure will boost Qatar's competitiveness in the global markets.
To meet the international demand of chemical and petrochemical products, Muntajat will operate an advanced supply chain programme to reduce product delivery lead times by combining a multi-faceted approach with regional storage facilities ensuring continuous supply.
Abdulrahman Ali Al Abdulla, Chief Executive Officer of Muntajat said: "Muntajat will work towards achieving its vision of becoming the world leader in the marketing and distribution of chemicals, polymers and fertilizers by meeting customer needs in a reliable and efficient manner. Our mission is to represent, serve and promote the State of Qatar's chemical and petrochemical industries, and capitalize on the opportunities available to return value to our stakeholders and contribute to the growth and development of our country."
"Muntajat's operational strength emanates from its ability to reduce lead-times, decentralise distribution and better serve its global customers. Muntajat will be establishing a well-spread global network of 36 worldwide offices in addition to logistic establishments and warehouses in strategic markets to support its marketing, sales and distribution activities.
We have already initiated the regulatory consultation process with the relevant producing entities in order to ensure a seamless transition of the current marketing, sales and associated operations activities to Muntajat, ensuring smooth continuous supply to the existing customers." confirmed Al Abdulla.
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