Qatar, 15th Nov 2024 - In a strategic move to strengthen Qatar's private sector and boost regional food security, Al Baladi Holding and Senyar Trading and Distribution Company have officially launched Al Faisal Al Baladi Holding Group. Celebrated in Doha with prominent business leaders, this partnership marks a new era in sustainable economic development, aligning closely with Qatar's National Vision 2030.
A Major Step Towards Sustainable Economic Development in Qatar
The formation of Al Faisal Al Baladi Holding Group combines Al Baladi Holding's expertise in retail, agriculture, food and beverages, and hospitality with Senyar Trading and Distribution Company's strengths in distribution and manufacturing. This joint venture aims to deliver a
lasting impact on Qatar’s economy, particularly by supporting local food security and regional trade.
Prominent leaders attended the launch event, including Sheikh Faisal bin Qassim Al Thani, Chairman of Al Faisal Holding and Mr. Mohammed Abdullah Al Attiyah, Chairman of Al Baladi Holding. Both leaders emphasised the partnership's potential to enhance Qatar's private sector
and elevate its international market presence, spanning regions in Asia, Europe, the Middle East and North Africa.
Operational Scope and Key Market Expansion
Al Faisal Al Baladi Holding Group will operate across several subsidiaries, including Al Faisal Al Baladi Holding W.L.L. in Qatar, Al Faisal Al Baladi Holding Group for malls management and operations in Egypt and Al Faisal Al Baladi Holding in Oman. These entities are set to drive growth across various sectors, such as distribution and wholesale, manufacturing, hospitality, hotels, restaurants, food and beverages and retail.
Additionally, the group’s diversified portfolio includes over 30 established companies including Al Baladi Express Markets, Al Wajba Dairy and Juice Factory and City Limousine Company, aiming to strengthen its influence in regional and international markets. This expansion reinforces Qatar’s economic objectives by elevating private-sector contributions to the local economy and supporting job creation.
Addressing Food Security as a Strategic Priority
A central focus of Al Faisal Al Baladi Holding Group is on advancing food security initiatives in Qatar and the broader MENA region. This goal will be achieved through investments in agriculture production, livestock and sustainable supply chain solutions, all geared towards boosting Qatar's food self-sufficiency. Plans are in place to expand infrastructure that supports local agricultural development and ensures a consistent food supply, which aligns with Qatar's long-term vision for sustainability and self-reliance.
Sheikh Faisal bin Qassim Al Thani remarked, “This partnership is a realisation of Qatar National Vision 2030, empowering the private sector and enhancing its contribution to the local economy.”
Collaboration for Community and Economic Impact
The partnership strongly emphasises community impact and operational excellence. Mr. Mohammed Abdullah Al Attiyah, Chairman of Al Baladi Holding, emphasised the cooperative spirit of the alliance, stating, “We’re delighted with this cooperation, which opens new horizons for growth and expansion.”
Sheikh Mohammed bin Faisal Al Thani, Vice Chairman of Al Faisal Al Baladi Holding Group, added, “We share common goals, integrated resources, and expertise with Al Baladi Holding. Through this partnership, we’ll achieve integration and synergies in diverse businesses to maximise value for all parties, including consumers and investors, benefitting all stakeholders and making a positive impact at every level.”
Vision for Regional Leadership and Long-term Growth
The stability of the Qatari economy, diverse investment opportunities and favourable business environment have positioned Al Baladi Holding as a market leader. Mr. Abdullah Mohammed Al Attiyah, Vice Chairman of Al Baladi Holding, commented on the group's goals, noting, “We look forward to this partnership with confidence in its promise to help build a bright future.”
Al Faisal Al Baladi Holding Group’s Board Member Mr. Tarek Mahmoud Al Sayed highlighted the importance of food security projects in the partnership’s strategy. “Food security projects hold special importance, especially in their comprehensive and sustainable concepts, which constitute an essential part of our future strategy. We seek to play a pivotal role in the region through livestock and agricultural production projects, as we currently own a number of livestock and agricultural production companies in Qatar and Oman,” he stated.
CEO and Board Member Mr. Hany Al Sayyadi added, “This partnership strengthens our diversified investment portfolio and facilitates the expansion of our presence in regional and global markets. Our vision is to achieve a strong presence in the Middle East region by focusing on innovation quality in our sectors.”
With a commitment to sustainable, community-driven growth, Al Faisal Al Baladi Holding Group is poised to shape a resilient and diversified economic future for Qatar and the broader region.
Organization: Al Faisal Al Baladi Holding Group
Contact Person: Marynold Macalma
Website: https://www.alfaisalalbaladiholding.com/
Email: asst.operation@ajwan.group
Contact Number: +97430922234
Country:Qatar
Release id:20007
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