Doha: Aamal Company Q.P.S.C. has revealed plans to establish a subsidiary in Saudi Arabia, marking a significant expansion within the company's Industrial Manufacturing sector. This move reflects Aamal's commitment to broadening its investment portfolio and enhancing its operational reach in key markets.

According to Qatar News Agency, the new company will focus on delivering integrated solutions for the construction and infrastructure sector. Its activities will encompass project design, tender participation, technical and engineering supervision, and consulting services. Additionally, the subsidiary will engage in producing precast concrete elements like pillars and walls, manufacturing concrete pipes for water and wastewater networks, and offering transportation and installation services for these components. The company will also provide quality control, inspections, comprehensive project management solutions, and develop engineering solutions along with custom-built construction components based on demand.

Rashid bin Ali Al Mansoori, CEO of Aamal, stated that the establishment of this subsidiary aligns with Aamal's strategic plan to bolster its presence in promising markets. He emphasized Saudi Arabia's status as a dynamic regional and global market. The new company is expected to reinforce Aamal's regional expansion efforts by forming a robust business base in Saudi Arabia. This initiative also aims to explore opportunities in sectors like technology and energy, while supporting Aamal's standing in the construction and infrastructure industry through sustainable growth. Additionally, Al Mansoori highlighted that this step would diversify Aamal's revenue streams and maximize the company's long-term economic and strategic benefits.