QPMC pens four aggregates supply agreements
Qatar Primary Materials Company's agreements are to ensure the price and availability of materials is stabilised
Qatar Primary Materials Company (QPMC) has secured the supply of 19,980,000 tonnes of high quality aggregates (gabbro and limestone) over the next three years from various sources, through four agreements.
This will ensure that Qatar’s fast growing construction sector has access to the required materials and thereby maintains market stability.
The four companies who were party to the signing are: The Gate Primary Materials, Continental Trading Company, Qatar Engineering Alliance Co and Al Baida Technical Services.
These agreements also ensure diversification in supply source, in line with QPMC’s vision to secure the required primary materials for both public and private sectors in Qatar.
The implementation of the agreements start early 2016.
The agreements outline the delivery of the required quantities, in addition to the stability of prices of primary materials in the local market.
This will aid in encouraging further economic development while assisting in the completion of major construction and infrastructure projects.
The secured materials will be stockpiled in QPMC-owned facilities in Lusail, Mesaieed and RasLaffan, ensuring accessibility in the north, south and the capital city of Doha.
These locations will also afford timely delivery to all construction sites around the country to customers and contractors from the private and government sectors.
QPMC CEO, Eisa Al Hammadi said that the construction materials supplied by the companies will be imported from Oman and the United Arab Emirates via private Qatari companies with quarries abroad.
Separate agreements were signed by Dr Mohammed Al Kubaisi, chairman of Qatar Engineering Alliance Co, Sheikh Fahad bin Jassin Al Thani, chairman of Continental Trading Company, Ali Al Mesned, chairman of Al Baida and Abdullah Al Hail, chairman of The Gate (Al Bawaba) Primary Materials.
Continental Trading Company, Qatar Engineering Alliance Co and Al Baida Technical Services will supply the required amount of primary materials from the Sultanate of Oman, whereas Al Bawaba, The Gate Primary Materials will provide the contracted quantity from the UAE.
All signatories voiced confidence with the agreements and Sheikh Fahad bin Jassin Al Thani, Chairman of Continental Trading Company, said: “We are very pleased with our partnership with QPMC, to provide the needs of the existing projects in our beloved country.”
Al Hammadi pointed out that all imported materials match the Qatar Construction Specifications (QCS): “specifications also meet the local market needs and align with the Ministry of Environment required specifications”.
He added that the assigned aggregates will enter Qatar from the sea.
QPMC’s gabbro berth terminals operate 24 hours to guarantee the high quality of the material supplied to the local market.
The additional agreements mark one of QPMC’s main strategic achievements for 2015 – which succeeded in stabilising the domestic prices of primary materials and keep up with Qatar’s fast growing construction industry, The Peninsula reported.