Qatar’s Aamal eyes geographical expansion

Qatar’s Aamal eyes geographical expansion

Qatar - Aamal Company, one of the region’s largest and most diversified companies, is planning to expand further its exports, particularly to Asia, which it sees as an attractive potential market for its products.

On the domestic front, it is focusing on industrial manufacturing, real estate, and healthcare and other high-growth sectors such as information technology, said Rashid bin Ali al-Mansoori, Chief Executive Officer of Aamal Company.

Aamal, which already has allowed up to 100% foreign ownership limit, enjoys a strong financial position and a low gearing ratio of 2.04% with significant liquidity amounting to QR7.9bn at the end of 2022.

"At present we are doing fine and we are sufficiently capitalised as we look at better ways of financing the projects whenever the opportunities arise," al-Mansoori said.

The fast-growing entity is considering geographic expansion by increasing exports from its existing factories in Qatar as well as keeping options open on establishing new factories in the region, according to him.

"In Aamal, we have the potential and opportunities to take our services outside Qatar; thanks to the experience we have built over many years," he said in an interview.

Highlighting that it is already exporting to the Middle East and Asia; he said "we are trying