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Tuesday, November 26, 2024
Home News Fleet Qatari Diar partners with Bin Laden Group

Qatari Diar partners with Bin Laden Group

Qatari Diar Real Estate Investment Company and Saudi Binladen Group (SBG) have signed a shareholders’ agreement to establish the QD-SBG Group — a joint venture with an equal partnership between Qatari Diar and SBG.

The new venture will establish two special-purpose companies in Qatar, a construction company and an industrialservices company to enhance Qatars construction and industrial sectors, reported Gulf News newspaper.

During the signing of the agreement — which marks Saudi Binladen Groups first business venture in Qatar — two more agreements were signed between QD-SBG, Qatari Diar and SGB, and Barwa Real Estate Company QSC and The First Investor Company QSCC (TFI); the largest closed shareholding Qatari investment banking firm in Qatar, to establish the two specialised construction and industrial services companies.

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