After establishing a representative office in the Moroccan capital, Rabat, Al Qudra Holding announced its plans to pump more than 10 billion AED of investment developments into Morocco within the coming ten years. To support and commence with these developments Al Qudra Holding established its first strategic partnerships in Morocco by signing Memorandums of Understanding with SOMED also known as The Morocco United Arab Emirates Development Company and Addoha, a leading company in Morocco specializing in the real estate development. The newly established companies, to be based in Rabat, will be investing in the Real Estate, Agricultural and Industrial Sectors in the Capital and nearby areas.
Commenting on the partnership, His Excellency Eng. Salah Salem Bin Omeir Al Shamsi, Chairman and Managing Director said, “Al Qudra Holding is pleased to be partnering with leading companies similar to SOMED and Addoha and will soon announce more partnership agreements that will specialize in other sectors namely, the industrial, manufacturing and Transportation.”
Al Qudra Holding, along with SOMED, will specialize in the development of agricultural in Rabat particularly in the planting of olive trees for an area of ten thousand hectares and olive oil extracting factories, while Addoha and Al Qudra Holding will be managing two major Real Estate Projects in Rabat and other projects in Tanja.
“This is the first step for the Al Qudra Holding global expansion plans.” said Eng. Al Shamsi, “We are currently working closely to establish other regional offices in Romania, Singapore to name a few.” he added.
About Al Qudra Holding
Al Qudra Holding was established in May 2005 with a capital of AED 600 Million. Today, the company has a large group of specialized subsidiaries that operate under its umbrella in important sectors of the country’s education; tourism; industry; energy; infrastructure development; sports management and the entertainment industry.
The company is considered the ideal strategic partner for many leading regional companies looking to invest in the United Arab Emirates, and Abu Dhabi in particular. This was achieved through the trust, expertise and competencies that the company has acquired through the foundation of projects, investment strategies and companies that cover a wide range of sectors of development, thus attracting strategic and specialized partners in all fields.
