Al-Qudra makes its mark in Abu Dhabi

01 February 2006

Abu Dhabi-based Al-Qudra Holdings plans to launch at least three new companies to carry out build-operate-transfer (BOT) infrastructure projects. The company will unveil 30 new ventures by May, which include construction-related businesses and an air-conditioning company. Al-Qudra was established with a capital of AED 550 million ($149.7 million) in May 2005 and has majority stakes in six existing companies involved in project management, oil and gas training and simulation, real estate, hospitality and sports and education management (MEED 23:9:05). 'We are positioning ourselves. We know the government will move forward with privatisation,' says Al-Qudra chairman Salah Salem bin Omeir al-Shamsi, who was elected chairman of the Abu Dhabi Chamber of Commerce & Industry (ADCCI) in mid-January. 'Abu Dhabi is a good place to do business. ADCCI will create the environment and we will do the business.'

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.

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