Type | Private |
---|---|
Industry | Construction, Real Estate, Agriculture, Lifestyle, Services |
Headquarters | Lusail , Qatar |
Key people |
|
Number of employees | 65,000 |
Website | powerholding-intl |
Power International Holding is a Qatari-based conglomerate founded by Moutaz Al-Khayyat and Ramez Al-Khayyat.
The group’s portfolio sits across five main sectors: General Contracting, Real Estate Development, Agriculture & Food Industries, Lifestyle, Entertainment and Hospitality, and Services. [1] The group of companies employs over 65,000 staff.
Through its construction subsidiaries, Power International Holding has completed projects including the Mall of Qatar, Banana Island, Lekhwiya Stadium and the Doha Sheraton Hotel and Convention Centre [2] in Qatar. International projects include the luxury Waldorf Astoria hotel in the Maldives. [3]
Power International Holding’s real estate subsidiary ASSETS announced in February 2020 the completion of the 23-storey residential Baywalk Tower in The Pearl Island. [4]
Power International Holding is parent company to Baladna Food Industries, founded in 2014. The company and its founders rose to prominence in 2017 during the Qatar blockades, air lifting in 4,000 Holstein cows and making the state self-sufficient in dairy production. [5] The company constructed special cowsheds with temperature control systems, to create a suitable environment for the cattle despite Qatar’s arid climate. [6]
By June 2019, Baladna stated it was supplying more than half of Qatar’s fresh milk supply and had begun to export to other nations. [7] The company is listed on the Qatar Stock Exchange. [8]
In March 2021, Power International Holding joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. [9] In March 2022, the company became a signatory to the UN's Women’s Empowerment Principles, a business framework aimed to empower women in the workplace, established by United Nations Global Compact and UN Women. [10]
In September 2022, the company was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking thirteenth. [11] [12]
Companies within Power International Holding’s portfolio are held by four main subsidiaries, which have further expanded vertically and horizontally; [13]
Urbacon Trading and Contracting LLC (UCC) is a subsidiary of UCC Holding. The company was founded by Moutaz Al-Khayyat and Ramez Al-Khayyat in 2011. The revenues of the company were $1,192 million USD in 2013 according to Engineering News Record (ENR). [14] UCC was ranked 194th in the 2019 ENR’s top 250 Global Contractors list. [15]
The company was responsible for construction of the 4,176,000-sq-ft Mall of Qatar, at an estimated cost of $1billion USD. [16] UCC was named Developer of the Year at the 2016 Global RLI Awards, [17] and won the Retail Leadership Award at the 2016 Asia Retail Congress for its work on the project. [18] The company was the lead contractor for the 20,000-sq-m Lekhwiya sports stadium. The stadium opened in February 2013 and will function as a training venue during the 2022 FIFA World Cup in Qatar. [19]
In 2015, UCC was awarded a $466m USD contract to design and build the economic zone in Ras Bufontas, close to Hamad International Airport, in a joint venture with Spanish construction company Sacyr. [20] The company was contracted to refurbish the Sheraton Doha Hotel and Convention Centre in 2014, [21] and was appointed to renovate the Doha Marriott Hotel in late 2019. [22] In January 2020, the company was awarded three public infrastructure contracts by Qatar’s Public Works Authority, Ashghal, worth a combined 1.49 billion QAR. [23] In 2022, UCC was ranked 105 in ENR’s Top Global Contractors. [24]
Obayashi Corporation is one of five major Japanese construction companies along with Shimizu Corporation, Takenaka Corporation, Kajima Corporation, and Taisei Corporation. It is listed on the Tokyo Stock Exchange and is one of the Nikkei 225 corporations. Its headquarters are in Minato, Tokyo. In 2018, Obayashi was ranked 15th place on ENR's list of Top 250 Global Contractors, the highest rank among Japanese Contractors.
Consolidated Contractors Company (CCC) is the largest construction company in the Middle East and ranks among the top 25 international contractors with a revenue of US$5.3 billion in 2013 and 7.4 billion by 2017. CCC has offices and projects in over 40 countries, and in 2019 had a workforce of 120,000 employees. In April 2019, CCC was engaged in 40 ongoing projects globally. The majority of its sales are in the Middle East.
The Museum of Islamic Art (MIA) is a museum on one end of the seven-kilometer-long (4.3 mi) Corniche in Doha, Qatar. As per the architect I. M. Pei's specifications, the museum is built on an island off an artificial projecting peninsula near the traditional dhow harbor. A purpose-built park surrounds the edifice on the eastern and southern facades while two bridges connect the southern front facade of the property with the main peninsula that holds the park. The western and northern facades are marked by the harbor showcasing the Qatari seafaring past. In September 2017, Qatar Museums appointed Julia Gonnella as new director of MIA.
Arabtec Holding PJSC, was Dubai's most heavily traded and largest construction group in GCC, together with its subsidiaries, provided construction services for residential, commercial, oil and gas, infrastructure, power, facilities management, and property development sectors in the United Arab Emirates and internationally. It operated through Construction; Mechanical, Electrical and Plumbing; Oil & Gas, Infrastructure and Power; and other segments. The company was involved in the construction of high-rise towers, buildings, and residential villas, as well as undertook drainage, electrical, mechanical, plumbing, contracting and related, and civil and infrastructure construction works. It also engaged in the real estate investment, development, leasing, and management activities; bought and sold real estate properties; and leased and managed third party properties. In addition, the company manufactured precast panels; and fabricated steel structures and profiles, as well as manufactured and transported ready mixed concrete
Rizzani de Eccher S.p.A. is an Italian general contractor with headquarters in Pozzuolo del Friuli, in Northeastern Italy, active globally in the areas of engineering, infrastructure and buildings construction.
Lusail Stadium is a football stadium in Lusail, Qatar. Owned by the Qatar Football Association, it is the largest stadium in Qatar and the Middle East by capacity; one of eight stadiums built for the 2022 FIFA World Cup, it hosted the 2022 FIFA World Cup Final game between Argentina and France on 18 December 2022. It is currently the second largest football stadium in Asia but eventually will reduce its current capacity of 88,966 to 40,000 in the near future.
Al-Bayt Stadium is a retractable roof football stadium in Al Khor, Qatar, which was opened in time for matches in the 2022 FIFA World Cup, which began on 20 November 2022. The stadium is located 35 km away from Doha, which made it the furthest stadium from the capital that was used in the World Cup. The stadium's construction contract was awarded to Qatari contractor Galfar Al Misnad, Webuild S.p.A. and Cimolai in 2015. International observers have criticized the treatment of workers in the construction of the stadium.
Qatar Museums is a Qatari government entity that oversees the Museum of Islamic Art (MIA), Mathaf: Arab Museum of Modern Art, MIA Park, QM Gallery at the Katara Cultural Village, ALRIWAQ DOHA Exhibition Space, the Al Zubarah World Heritage Site Visitor Centre, and archaeological projects throughout Qatar, as well as the development of future projects and museums that will highlight its collections across multiple areas of activity including Orientalist art, photography, sports, children's education, and wildlife conservation.
The Doha Metro is a rapid transit system in Doha, Qatar's capital city, which became operational on 8 May 2019. It has three lines with an approximate overall length of 76 km (47 mi) and 37 stations. It is an integral component of the larger Qatar Rail network, which will include a long-distance rail for passengers and freight, linking Qatar to the GCC, and the Lusail LRT. Capable of reaching 100 km/h (62 mph), the Doha Metro has one of the fastest driverless trains in the world.
Rönesans Holding is a Turkish contracting and investment company operating in construction, real estate development, energy, industrial facilities and health. The company operates in Turkey, the Commonwealth of Independent States, Europe, Middle East and North Africa. It was founded in 1993 by Erman Ilıcak in St. Petersburg, Russia, and has headquarters in Ankara, Turkey. Its main activities are construction, real estate investment and energy generation.
The Mall of Qatar is a shopping mall that opened in December 2016 in the Rawdat Al Jahhaniya district of Al Rayyan, Qatar.
Msheireb Downtown Doha is a planned city in Doha, Qatar being constructed in place of the current district of Mushayrib. It is the world’s first sustainable downtown regeneration project and one of the smartest cities on earth, strategically located in the heart of Doha Initial construction began in January 2010. Located in the downtown area of Qatar's capital city, it is set to occupy 310,000 sq m with the total cost of construction amounting to approximately $5.5 billion. It was launched in six phases by Msheireb Properties, a subsidiary of Qatar Foundation.
France–Qatar relations are the bilateral relations between France and the Qatar. The first embassy to be established was the Qatari embassy in France in 1972, and the first bilateral agreement was signed in 1974. Qatar has marked various concurrences with France, covering all areas such as cultural, political, economical, academic, scientific and military agreements. The nations are tied in a key discourse protocol, where conversation over various issues of significance to the two capitals are occurring consistently.
Qatar Investment & Projects Development Holding Company (QIPCO) is a prominent Qatari shareholding company based in Doha, which through its subsidiaries, maintains a focus on financial and real estate markets.
Al-Thumama Stadium is a football stadium in Al Thumama district in Doha, Qatar, located approximately 13 km south of the city center. It hosted the 2022 FIFA World Cup held in the country.
Baladna is a Qatari agricultural company that raises livestock and produces dairy products. It is Qatar's largest locally-owned food and dairy producer, supplying over 95% of the country's fresh dairy products.
Cinema in Qatar is a relatively young industry that evolved as part of the country’s plans to develop different local sectors with the aim of accumulating international recognition and status. Many major steps were taken to implement a long-term plan to develop the infrastructure as well as giving opportunities to local talents to have a platform that establishes their presence within the film industry with the support of the Doha Film Institute, and their various grants, workshops and festivals. The Qatar National Vision 2030 has three major pillars to development: human, social economic and environmental; this vision provides frameworks that enable the development of different elements within Qatar and its society; one of which is the high importance put on developing and cultivating artistic talents to represent and define Qatar on a global scale. Another important element in developing the movie industry is the influence and vision of Sheikha Al Mayassa who founded Doha Film Institution; the establishment of film as a mode of storytelling was imperative because it serves the purpose of granting Qatar a global presence through the talents that are supported and cultivated because of her initiative. The film industry plays a role in amplifying the Qatari national identity alongside the identity of the Arab world as a whole.
Moutaz Al-Khayyat is a Syrian businessman based in Doha, Qatar. He is the Chairman of Power International Holding and UrbaCon Trading & Contracting (UCC), one of the largest global building and contracting companies. He is a Founder Partner and Chairman of Baladna Food Industries and Chairman of Estithmar Holding.
Ramez Al-Khayyat is a Syrian businessman based in Doha. He is the Vice Chairman and Group CEO of Power International Holding, a Qatari-based conglomerate which operates across general contracting, real estate, food and agriculture, hospitality, and services.
The Al Wahda Arches is a monumental pair of 20° inclined steel arches, spanning the "5/6 interchange" of the Lusail expressway, Qatar which connects West Bay with Lusail City. It is the tallest monument in the country and has received a 2020 International Design Award and 2018 ENR Global Best Project award. Intended to be viewed while in motion as an "immersive public artwork", the arches are connected to each other by a cable net – a reference to Qatar's pearl diving heritage. The structure itself consists of 54 large steel pieces, weighing over 9,000 tons, while the base of the arches are clad in Limra Limestone from Turkey.
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