According to Al-Bayan newspaper, Mr. Issa Abdul Salam Abu Issa, CEO of the Doha-based Salam International Company, one of Qatar's great success stories, announced that his company had received the necessary permits from the Ministry of Economy and Commerce and the Companies Department to establish a new real estate development and investment company, called Benyan.
The CEO estimates at QR 500 million the new company's capital, of which a 49% non-Qatari contribution. The CEO also said that the new company's first project in the Arabian Gulf region was determined as Al-Bawaba. The Salam International Investment Limited (SIIL), a Qatari shareholding company, owns and manages 16 business units in the following diverse fields – Consumer Services, Information Technology and Communications, Industrial Engineering, Oil and Gas Services, Technical Services, Fabrication, Style and Furnishing, Contracting and Project Management.
