
ALESSA Industries Group, one of the leading integrated industrial conglomerates in Saudi Arabia, is planning to expand into the Qatari market having set up a dedicated branch there early last year.
Chief executive officer Yousef Al Mutlaq said: “The decision to boost our presence in the Qatari market is based on the country’s promising potential. Qatar has registered one of the highest growth rates in the region across various industry segments. Our multi-pronged presence in Qatar will see us support the economy across various sectors. We are particularly keen to contribute to the World Cup 2022 with our capacity to provide a comprehensive bouquet of products that meet the holistic needs of infrastructure developments including stadiums and hospitals.
“We are gearing up to announce our first project in Qatar soon,” he added.
Commenting on the industrial sector in the region, Al Mutlaq said: “The regional industrial sector offers large-scale opportunities. Undoubtedly, we have made great strides in this area. However, we believe that the potential is much greater.”
In line with this, Alessa recently built a number of factories, especially air handling units, in an attempt to shift the base of this technology from the US and European countries to the region, he said.