Qatar to receive 2-million tonnes quarry products
As the infra projects roll out, Qatar's aggregates shortage is to be supplemented by quarry products from Fujairah-based company, Oryx Industries
Oryx Industries have penned an agreement with Qatar Primary Materials Company (QPMC) to supply two million tonnes of quarry products.
Over the course of one year, the Fujairah-based company has agreed to supply Qatar’s booming construction sector with quarry products to meet the growing demand for aggregates.
The signing ceremony was attended by representatives of Oryx Industries, including Bader Al Khashti, General Manager and Nasser Barakat, Deputy CEO, and representatives of QPMC, Isa Hamadi, CEO and Abdul Salam Muri, Legal Advisor, The Peninsula reports
At the signing, Al Khashti said: “We are seeing a strong resurgence in demand for construction projects across the GCC markets, nowhere more notably than in Qatar. Oryx Industries is well positioned to provide the foundations for the large scale infrastructure projects that are key to the country’s long-term vision.
"Qatar Primary Materials Company is the forefront of facilitating this construction boom. We are delighted to have signed this agreement, and look forward to building a productive, lasting partnership together.”
The demand for building materials in Qatar is forecast to grow rapidly as mega infrastructure projects roll out, fuelled by the upcoming World Cup 2022.
Qatar is forecast to spend more than $200bn on building projects ahead of the tournament, including at least eight new sports stadiums, of which designs for five have thus far been revealed. The Doha Metro project, which is expected to see its first phase completed in 2019, is also driving the materials demand.