Aamal subsidiary ‘Aamal Energy’ secures contract with an initial value exceeding QR100m
<p>Doha, Qatar: Aamal Company (“Aamal”), one of the region’s leading diversified companies, announced that its subsidiary, Aamal Energy, has signed a five-year contract with a local company to provide procurement services, with an initial contract value exceeding QR100m.</p> <p>Under the agreement, Aamal Energy will manage the procurement cycle for the Company’s low-risk maintenance, repair and…
Doha, Qatar - Aamal Company, a leading diversified business in the region, has announced that its subsidiary, Aamal Energy, has secured a significant contract to provide procurement services. The initial value of this five-year agreement surpasses QR100 million.
Aamal Energy will handle the procurement cycle for low-risk maintenance, repair, and operations (MRO) commodities and consumables for a local company. Their responsibilities span from supplier sourcing and bid evaluation to purchase order placement, delivery coordination, order closure, and handling claims and warranty follow-ups.
A well-experienced procurement team, backed by integrated systems and consistent reporting, will carry out these duties to support the client's regular operational needs. This contract signifies a crucial step in expanding Aamal Energy's business and aligns with Aamal's strategy of entering sectors with long-term growth potential. It also bolsters Aamal's position in serving Qatar's energy and industrial supply chains.
Rashid bin Ali Al Mansoori, CEO of Aamal Company, expressed his thoughts: "This contract represents a milestone for Aamal Energy and advances our strategy to establish a more prominent presence in the energy and industrial services sectors. Our main objective is to deliver dependable and efficient procurement services that fulfill the client's operational requirements and lay a robust base for a lasting relationship."
The company views this engagement as an opportunity to develop specialized expertise and showcase their capabilities through successful project completion. Building on this experience, Aamal Energy intends to compete for more opportunities and form partnerships that enhance local capabilities, supporting Aamal's continuous diversification and long-term shareholder value.
Looking forward, this engagement will allow Aamal Energy to strengthen relationships with equipment manufacturers and specialized suppliers while reinforcing its track record in industrial and energy procurement. The gained experience will support future opportunities in procurement and related industrial services. Additionally, it will enable collaboration with international companies aiming to expand their presence in Qatar.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
