DOHA: Bilfinger SE, a German organisation, and Qatari group Buzwair Holding signed a memorandum of understanding (MoU) to establish a joint venture company in order to provide maintenance and facility management services to the Industrial Market (petrochemical and energy) in Qatar.
The agreement was signed on the occasion of the visit of Sigmar Gabriel, Vice-Chancellor and Minister of Economic Affairs, Germany, to Qatar. The MoU was signed in the presence of Sheikh Khalifa bin Jassim bin Mohammed Al Thani, Chairman of Qatar Chamber.
Bilfinger, as an engineering and services group, develops, builds, maintains and operates plants and buildings for industry, from hospital to refinery, from Alaska to Australia, from start to finish. Bilfinger is using its financial strength and operating potential for the next phase in its development supported by the strategic programs BEST (Bilfinger Escalates Strength) and Bilfinger Excellence.
Hakan Yapici, Head of Business Development Qatar, UAE and Saudi Arabia of Bilfinger, said: “Qatar will continue to rank as one of the fastest growing economies in the world and we’re convinced that this is the right time to re-enter the Qatari market with a totally different approach, by utilising Bilfinger Maintenance Concept (BMC). The Qatari clients will benefit from our high quality technological competence and extensive experience, as more than 70,000 people at the engineering and services group help make daily life work with the highest level of quality and efficiency.”
Buzwair Holding is a well-established industrial group in Qatar. A conglomerate that is deeply-rooted in the fabric of the nation. With its aim to build a solid business foundation, Buzwair has fuelled its success in Qatar by tapping into emerging new market opportunities.
Buzwair’s contracting and gases division has grown to become a leader in the market, building a sustainable business through innovation by entering new fields.
Since its inception, Buzwair Holding has cemented remarkable deals that have helped to build strong bonds with leading public and private sector organisations. This was due largely to Buzwair’s products and services exceeding expectations.
Today, Buzwair Holding is one of the largest industrial houses in Qatar and comprises 700 employees from across the globe, operating to international standards in everything they do.
Saad Mohamed Fahad Buzwair, Deputy Chairman of Buzwair Holding said. “For more than six decades Buzwair Holding has always been aiming for remarkable deals that will build strong business relationship with foreign organizations to penetrate the industrial market in Qatar. We’re totally sure that the cooperation and the partnership with Bilfinger will be very successful, as a unique business model can be created by using Buzwair’s local knowledge and experience together with Bilfinger’s advanced technology and worldwide experience”.
