CPC Holding has announced launch of a new holding company called QD SBG Group in a press conference at the Four Seasons Hotel in Doha of Qatar.

The new holding company is a partnership between the Saudi Binladin Group Company and Qatari Diar Real Estate Company marking the first JV between the 2 giant firms in the state of Qatar. QD SBG Group will establish two special purposes companies devoted to the Construction and Industrial Services Sector in the state of Qatar.

Dr Faysal Alaquil director of Business Development of Construction Products International Company and the official spokesperson of CPC announced after the signage of the agreement between, Mr Mohamed Bin Mohamad Binladin of SBG and Mr Ghanim Bin Saad Alsaad of QD, that this is a very promising opportunity for CPC to work in the State of Qatar and to provide the projects of this new JV the supply of construction and building materials, which is its specialty.

Dr Alaquil said that CPC will establish a new firm in Qatar under the name Qatar Construction Products Company. He informed reporters that CPC has successfully implemented the concept of the One Stop Shop in Saudi Arabia through its Industrial Parks in Jeddah, Bahra, Riyadh and a fourth one under construction in Dammam to provide potential contractors and developers with all their construction needs of materials and products.

Dr Alaquil added that CPC previously established CPC Syria, CPC Egypt, CPC Emirates and planning to open CPC Algeria. CPC is very proud to export this successful concept to Qatar.