Al-Qudra identifies investment opportunities and shareholders, procures licences, land and the bulk of funds and compiles market feasibility studies. ‘Our strategy is to form strategic partnerships with people who are experts. We do not run the businesses,’ says Al-Shamsi.

Al-Qudra is finalising the design of a three-star hotel in Abu Dhabi, for which it is in the process of selecting an operator, and will build a hotel for business travellers there operated by Holiday Inn Hotels & Resorts (MEED 15:7:05). The company is also in negotiations with a European sanitary ware manufacturer to establish a factory in Abu Dhabi. Al-Shamsi says he expects groundbreaking will take place before the end of 2006 and the factory will take two years to build. Al-Qudra is also investing in a glass manufacturing facility.