Qatar Industrial Manufacturing Signs MoU
with Stewart Engineers
April 19, 2018
Qatar Industrial Manufacturing Company
(QIMC), represented by its CEO Mr. Abdul Rahman Al-Ansari signed
the “Memorandum of Understanding” (MoU) with M/s Stewart
Engineers (SE), USA, represented by their CEO, Mr. Andrew
Stewart in the presence of HE Sheikh Ahmed Bin Jassim Bin
Mohammed Al-Thani, Minister of Economy and Commerce – Qatar and
H.E Ambassador Anne Patterson, Chairman of the US-Qatar Business
Council, to study and evaluate a project to produce Float Glass
in Qatar. The signing ceremony took place as a part of the
ongoing visit of official Qatari Business delegation to US to
promote business cooperation between the two countries.
The MoU aims at evaluating the project from
technical and economic aspects and eventually preparing the
detailed engineering design for its implementation, if it is
proven to be feasible.
The project will produce Float Glass sheets
which are used in various applications such as Buildings,
Automobile industry, solar energy panels etc. Currently, Qatar
is importing all of its Glass sheets requirement from other
countries.
The project is important to Qatar and will
serve its strategic plans by developing and diversifying its
national economy. It will provide necessary products for the
construction industry and will create downstream business
opportunities. Part of its production will be exported as well.
Also, it will create jobs for nearly 250 employees thus,
supporting the national economy.
The preliminary considered design capacity
for the project is 600 tons per day and the estimated investment
is around 700 million QAR. Total area required for the project
is about 150,000 sq. meters out of which 50,000 sq. meter is the
covered area.
Qatar, being a major world producer of
Natural gas with all the government provided incentives and
support, is the best suitable country for the project as the
project will consume a considerable quantity of Natural gas for
melting of its raw materials like local sand.
QIMC and SE will embark on the following
months on conducting a technical and economic feasibility study
for the project based on SE’s advanced technology and QIMC’s
operational and marketing experience which has proven its
success in the past years.
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