Al Qudra Industrial and the Kuwaiti MRC announce establishment of MRC-Q in Abu Dhabi
Q Industrial, a prominent subsidiary of Al Qudra Industrial which is the industrial investment arm of the Al Qudra Holding group of companies, signed a founding contract with the Kuwaiti MRC, the industrial investment arm of Agility, for the establishment of MRC-Q.
MRC-Q is set to become a leading company in the industrial sector in the United Arab Emirates and region. The company will specialize in the manufacture of metals such as aluminum, lead, copper, iron and steel. MRC-Q will also be involved in various industrial activities such as the manufacture of tires, paper, plastics, wood, oils and lubricants.
When queried about the new company, Eng. Salah Salem Bin Omeir Al Shamsi, Chairman of the Board and Managing Director of Al Qudra Holding, stated that: “Al Qudra Holding, through its industrial arm, is honored to cooperate with Agility, through MRC which has extensive experience in the manufacturing field. The objective of this partnership is to support the industrial sector and serve the country.”
For his part, Khalid Mohammed Al Mutawa, Chairman of the Board and Managing Director of MRC, ascertained that: “We are pleased to join forces with Al Qudra Holding through its industrial arm. Because Al Qudra Holding is a strategic partner in the region, our alliance with the company allows us to capitalize on its internal and external relations. This will open up many investment opportunities and enable us to develop the infrastructure necessary for the establishment of various operational processes in the industrial sector.”
- Al Qudra Holding acquires 12.43% of Abu Dhabi National Industrial Projects’ (ADNIP) shares
- Al Qudra begins construction of Danet Abu Dhabi
- Al Qudra Holding to debut their projects at Abu Dhabi Real Estate and Investment show (IREIS) 2007
- Al Qudra Real Estate’s construction of “Danet Abu Dhabi” commences