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Article: QIMC galvanises private sector.
- Article from:
- Gulf Industry
- Article date:
- July 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With three companies having begun commercial production within the past 15 months, Qatar Industrial Manufacturing Company (QIMC) has underscored its mission as a galvanising force in the development of small and medium industries.
Amiantit Qatar Pipes Co Ltd (Aqap), Gasal, and the fully owned subsidiary Qatar Paving stones (QPS) together have an investment value of QR334 million ($91.8 million). Aqap has QIMC and Saudi Arabian Amiantit Co holding 40 per cent of the stake each while Trading & Agency Services Ltd holds 20 per cent. Total production capacity is 15,000 tonnes of fiber glass pipes and fittings and investment in the plant was QR78 million. Production ...