Posted on May 14, 2013

Qatar Intermediate Industries holding Co. Ltd.  known as "Qatar Holding" a subsidiary of Qatar Petroleum, unveiled on the 14th of May at a ceremony; its new corporate identity.

The groundbreaking ceremony was held under the auspices of HE Dr. Mohammed Bin Saleh Al Sada, Minister of Energy and Industry and the Chairman of the Board. On this occasion, the company announced it’s rebranding as Qatar Intermediate Industries Co.Ltd-“Alwaseeta”.

The new name, "Alwaseeta", reaffirms the core positioning of the company and highlights its strategic role and contribution to the development of the State of Qatar.

Commenting on the rebranding, HE Dr. Al Sada said “the change of the company’s name coincides with a reinvigorating drive towards Alwasseta’s vision of creating partnerships and investment opportunities for the downstream intermediate industrial ventures." During the event, HE Dr. Mohammed Bin Saleh Al Sada expressed his gratitude to His Highness Sheikh Hamad Bin Khalifa Al Thani, the Emir of the State of Qatar, for his visionary guidance to the diversification of the industrial sector and prosperity of the State of Qatar, and his unwavering support of the company.

In line with the Qatar National Vision 2030 and within the national context of diversification of the economy, “Alwaseeta” is committed to maximizing the value of Qatar’s natural resources by creating value added downstream intermediate industrial ventures.

Mr. Ali Hassan Al-Sidiky, the company Vice Chairman and Managing Director said“I would like to thank H.E DR Mohammed Bin Saleh Al Sada, Minister of Energy and Industry and the Chairman of the Board, for all his support’’. Alwaseeta is responsible for developing new and viable intermediate industrial projects that can utilize the latest technologies. Alwaseeta “Empowering the Vision" by becoming a leading manufacturer and producer of a variety of intermediate hydrocarbon and non-hydrocarbon  products.

Mr. Al-Sidiky continued by saying “we are committed to nurture and encourage innovative sustainable projects by establishing local and international partnerships that will support the expansion of Qatar’s industrial base and diversification of the national economy. At “Alwaseeta”,We are creating rewarding career opportunities for the Nationals which is essential for our Business Development in order to be in line with the National Development Strategy (2011-2016).

 The event was attended by VIP’s , senior level executives and guests from local and International companies.