The Peninsula reported that Mackeen Holding and Canadian company Dessau Group signed a MoU here recently. The memorandum aimed at strengthening cooperation between the two companies and enhancing joint work in the field of engineering and construction in various economic sectors.
The memorandum also covers cooperation between the two parties in health, education, transport and communications sectors as well as cooperation in the field of infrastructure and energy. The 2 companies have agreed to make Qatar as the centre for their business from which they reach to the rest of the Gulf and the Middle East.
The memorandum was signed on behalf of Mackeen Holding by Mr Ali Al Hashimi MD and CEO and on behalf of Dessau Group by Mr Pierre Haute senior VP for International Business Development in the presence of officials from both companies.
Mr Al Hashimi stressed that the signing of the memorandum with one of largest and most important companies in Canada and North America indicates the company's keenness to enhance its performance and strengthen its presence in the local market which is witnessing an unprecedented renaissance. He also said that the company has plans to enter the regional and global markets.
He said that Mackeen seeks to seize the investment opportunities in the Qatari market and in the Middle East and North Africa markets as well as part of its strategic plan. He pointed out that Mackeen Holding gives utmost importance to the industrial sector, especially after the company developed an industrial project. The company is currently planning a number of projects in addition to its investment in education, health and technology sectors.
Mr Al Hashimi pointed out that these investments have had a positive effect on the profits of the company. Mackeen's profits have grown by more than 180% in the year 2011 compared to 2010, this in addition to increasing the volume of assets managed by the company to more than QAR 5 billion.
Mr Pierre Haute expressed his happiness for being in Doha and extended his thanks to Dr Sheikh Khalid bin Thani Al Thani chairman of the Board of Directors of Mackeen Holding and Mr Ali Al Hashimi for their hospitality and for putting their trust in Dessau Group.
He said that the international expertise of the Dessau Group meets the current needs of technical expertise in the areas of engineering and construction, especially in the sectors of infrastructure and services such as health, education, transportation and communications.
He added that the memorandum will enable his company to expand its projects in the Arab world. He said that Dessau is currently working on several major projects around the world including the construction and development of the Montreal Metro at a cost of over USD 1.2 billion and the construction of the Great Mosque in Algeria at a cost of more than USD 1 billion as well as the construction of the railway in Algeria.
(Sourced from the Peninsula)
