Qatar Shell signs contracts with local SMEs
Qatar Shell, in collaboration with Qatar Development Bank (QDB), has signed agreements with five new local small and medium enterprises to become suppliers for Pearl GTL
Doha, 14 December 2014
As part of a countrywide plan to encourage local SMEs, Qatar Shell – in collaboration with Qatar Development Bank – has signed individual contracts with five new local partners.
Five new Qatari companies were offered contracts to become preferred suppliers for Pearl GTL, the world’s largest gas to liquids plant managed by Qatar Petroleum and Qatar Shell. Wael Sawan, Chairman and Managing Director of Qatar Shell signed the agreements with the CEOs of the SMEs in the presence of Mr Abdulaziz Bin Nasser Al-Khalifa, CEO of QDB.
The five Qatari companies that have been given the contracts are: Mozon Industries for the creation of large open-head steel drums; KEPCO for the production of low voltage cables; Pioneer Metal Company W.L.L. for the production of electrical cable trays; Prince’s Lights for the maintenance, repair and re-certification of ATEX two-way radios; and Rumaillah Motors W.L.L. for the maintenance and service of offshore diesel generators.
Commenting on this promising venture, Mr. Al-Khalifa said, “Our Strategy is to accelerate the growth and development of Qatar’s private sector, and it through such joint initiatives that we are able to link local SMEs to world-class companies such as Shell and Qatar Petroleum. Local SMEs grow and flourish by acquiring contracts that have the potential to elevate their futures, and global companies and their customers get the services they need from a local supplier, which reduces risk and provides quality assurance”.
He added, “The addition of five new Qatari SMEs to the three local suppliers which were announced last year is a clear demonstration to the successful partnership between Qatar Shell and QDB to bolster a robust private sector that will help diversify Qatar’s economy and support the Qatar National Vision 2030.”
QDB is an important part of this agreement as it will be providing the SMEs and entrepreneurs with management, advisory and financial assistance.