Qatar's QPM opens a new office in Riyadh
KSA office is the first salvo in major Middle East expansion plan
QPM – one of the region’s premier project management companies and the first Qatari firm in the field – has announced the opening of a new office in Riyadh.
The new office in the Saudi capital was inaugurated in a ceremony held earlier this month, and was overseen by QPM Chairman Ahmad Abdulla Al-Abdulla, accompanied by QPM CEO Fahad Rashid Al-Kaabi, directors from the board, and a number of associates from the company’s management team.
The Riyadh office, located in Olya District, Riyadh King Fahad Street in Al Qada Business Tower 2, will be the company’s first presence in KSA.
It became necessary due to the number of current projects in the pipeline in Saudi Arabia in which QPM is taking an active interest.
Furthermore, the new office forms part of QPM’s overall strategy for 2013 to look closely at the neighbouring KSA market and the opportunities represented therein.
Al-Kaabi, commented: “With QPM’s ability to provide a single window solution provider across multiple channels, the new presence comes in response to KSA’s construction sector growth under the guidance and patronage of king Abdullah bin Abdulaziz Al Saud.
“Opening an office in Riyadh is a strategic opportunity as KSA is considered to be the region’s top economy, with a highly-competitive business environment and national initiatives in energy, transportation, education, healthcare and other vital economic sectors that will help us to reinforce our position as a global player," said Al-Kaabi.
QPM stands as one of the region’s foremost project management companies, and uses its internationally-trained team and cutting-edge technologies to set new standards within the industry.
The company is active domestically and throughout the MENA region. In Qatar, QPM is managing such projects as the QP District, Barwa City Phase 1, Al-Duhail Camp.
It recently completed the project management of the Barwa Commercial Avenue project on Doha’s south side. Abroad, QPM is currently involved in large-scale mixed-use developments in Morocco, Yemen and Egypt. These projects include civil infrastructure, residential, hospitality, luxury, commercial, office and tourism developments.