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Archives: Organizations
Al Muftah Group
Overview
Located in Doha, Qatar, Almuftah Group Qatar was incorporated in 1963 at an opportune time when the oil- and gas-rich State of Qatar first began exploring the advantages of establishing a diversified economic base.
Al Muftah Group has grown from its humble origins as a tyre dealer in the 1960’s to become one of Qatar’s most prestigious business groups, a diversified firm that now delivers a multiplicity of world-class products and services to its clients. The company currently employs hundreds of people of all nationalities and origins. Al Muftah Group collaborates with a network of international partners, government agencies, and local businesses to complete large building, civil, and industrial engineering and construction projects, all of which are part of Qatar’s construction boom.
Almuftah Group also owns businesses in a number of other sectors, including automotive and transport, industrial equipment and components, home and business electronics, residential and contract furnishings, cable and satellite TV broadcasting, education, restaurants and catering, graphic design and publicity, travel and recreation, real estate, wellness and fitness, and personal products. Additionally, the group has concrete plans in place to increase its footprint in other significant Middle Eastern cities.
Subsidiaries:
- Vision International School
- Almuftah Automatic Doors
- Almuftah Cable Vision
- Almuftah Carpentry
- Almuftah Contracting Company (Civil)
- Almuftah Contracting Company (Oil & Gas)
- Almuftah Elevators and Escalators
- Almuftah Fibreglass Products
- Almuftah Furniture and Decoration
- Amson Furniture and Decoration
- Almuftah Interiors for Contracting
- Almuftah Jewellery
- Almuftah Marketing (Perfumes and Cosmetics)
- Almuftah Polymers
- Almuftah Power Technology
- Almuftah Projects and Industrial Services (AMPIS)
- Almuftah Rent a Car
- Edumax School Supplies
- Almuftah Specialities
- Almuftah Trading (Business Equipment)
- Almuftah Trading (Electronics and Appliances)
- Almuftah Trading (Technical and Service)
- Almuftah Trading (Tires and Lubricants)
- Almuftah Travel and Tours
- Altadamon Motors and Trading
- Anytime Fitness
- English Modern School
- Fun First Nursery
- Sterling Catering Services
- Wood and Metal
- Almuftah Window Film
- Almuftah Cargo and Logistics
Barwa Real Estate
Overview
Established in 2005 Barwa Real Estate Corporation QPSC is a Qatar based public shareholding company, owned by Qatari Diar Real Estate and Investment, that specializes in real estate development and operations. It is listed on the Qatar Exchange, with the Qatar Investment Authority holding 45% of the shares through its Qatari Diar subsidiary.
As a key contributor to Qatar’s growth, the company focuses on projects that suit the country’s needs while also adhering to the Qatar National Vision 2030 framework. Barwa Real Estate Co. has a well-balanced portfolio of annuity assets in the residential, commercial, mixed-use, and hotel sectors, and completed a number of large-scale projects in Qatar, the GCCl, and Egypt, and is now constructing Qatar’s tallest building. Property in the UK, France, Germany and Switzerland are among the company’s overseas holdings. The Barwa Real Estate Bank was recently established to help Barwa fund its real estate and construction projects, considered to be Qatar’s first bank dedicated to the property industry.
The Company is active in the following business segments: Qatar Real Estate Investments, International Real Estate Investments, Financial Services Investments, and Business Services Investments. Qatar Real Estate Investments segment includes Barwa City, Barwa Commercial Avenue, Barwa Village, Barwa Al-Sadd, Masaken Barwa, Barwa Al-Doha, Barwa Al-Khor, and Baraha Motor City. The International Real Estate Investments segment involves Barwa New Cairo, Guidance Hotels Investment Company, Nuzul Holdings, Gaf Properties, Ottoman Project, Jeddah Vegetable Market, Astrakhan Project, North Row London, and Barwa-Gazprombank Russia Real Estate Fund. The Financial services segment is composed of Barwa Bank, Cavendish Capital Limited, and Al-Imtiaz Company. The Business Services Investments segment includes Qatar Project Management, Tanween, and Waseef.
Subsidiaries:
Aspetar Orthopedic and Sports Medicine Hospital
Overview
Aspetar Orthopedic and Sports Medicine Hospital is a specialized orthopedic and sports medicine hospital, staffed by some of the world’s leading sports medicine practitioners and researchers. Aspetar has been accredited as a FIFA medical center of excellence. They are the region’s first sports medicine center to receive such an honor and join a prestigious list of 49 medical centers and clinics worldwide who have also been accredited. In 2014, Aspetar was officially recognized as an IOC Research Center for Prevention of Injury and Protection of Athlete Health.
Along with the treatments and research that occurs at Aspetar, the hospital is also focused on education. The objective of medical education and professional development at Aspetar is twofold: 1) to ensure optimal medical care delivery based on current evidence and best practice; 2) empowerment of athletes, patients and the community to enhance their wellness and achieve a vibrant and healthy society.
Aspetar is a part of the Aspire Zone Foundation, which is a sports hub in Qatar that aims to establish itself as the standard of sports excellence in all aspects of sports from education and healing to playing.
Similar to Aspire Zone Foundation’s goal, Aspetar aims to assist athletes in achieving their maximum performance and full potential. This will help them to accomplish their vision of being the global reference center in sports medicine. Along with their mission and vision, Aspetar uses its values to guide its day to day behavior. The first of their values is accountability, which they believe means they are accountable for making sure the company and its employees reach their full potential and are able to do their best for the community. They also value respect, synergy and teamwork, integrity, professionalism, and excellence.
Related Organizations:
Aspire Zone
Overview
Established in 2006, Aspire Zone is a 2.5 square kilometer sports complex located in Doha, Qatar. The zone offers world-class training, sports medicine, research, and education facilities, which allow it to act as a destination for the international sports industry. The zone is run by the Aspire Zone Foundation (AZF), which is composed of three member organizations— Aspire Academy, Aspetar, and Aspire Logistics.
Aspire Academy for Sporting Excellence is one of the foremost sporting and educational institutions in the world. Adjoining the Aspire Dome, which is the largest multi-purpose indoor dome in the world, the Aspire Academy strives to create world class youth sports teams.
Aspetar is the world’s foremost leader in specialized Orthopedic and Sports Medicine treatments. The hospital is also the first of its kind in the Gulf region and is an accredited FIFA medical center of excellence.
Aspire Logistics runs the booking and venue placement of the Aspire Zone facilities. In the past year, they managed to book 229 days of local, regional, and international events.
The zone has a variety of facilities that cater to the sports needs of its visitors. One such facility is the Ladies Club. The club is the first of its kind in Qatar, catering to the recreational and sporting needs of women. Khalifa Stadium is another such innovative facility. It was created in order to host major international sporting events and is planned to be the 2022 World Cup stadium.
Moving forward, the Aspire Zone aims to establish itself as the standard of sports excellence, attracting partners and companies interested in investing in the future of sports. This is in line with the interests of the government, which has shown a commitment in increasing their tourism sector through investment in their country, particularly in sports tourism.
Subsidiaries & Related Organizations:
Bloomberg
Overview
Bloomberg is the global leader in business and financial data, news and insight. They aim to connect the world’s decision makers to accurate information on the financial markets – and help them make faster, smarter decisions. Along with their news focus, Bloomberg is also heavily focused on philanthropy. They started Bloomberg Philanthropies which serves over 170 countries in areas such as arts, education, environment, government innovation, and public health.
Bloomberg News recently established an office in Qatar and hosted the Qatar Economic Forum. Bloomberg is the go-to source for business news and market analytics and one part of the Bloomberg company. Their 2,700 journalists produce 5,000 stories a day from more than 120 countries. Expert analysts within Bloomberg Intelligence and BloombergNEF (BNEF) add further clarity to events and industry trends, publishing exclusive data-driven primary and industry research.
Bloomberg prides itself in its ability to let readers, viewers and listeners stay a step ahead of the markets by utilizing technology and their extensive distribution channels to report breaking news. News stories are also able to reach a wide audience because they are carried on Bloomberg’s web, mobile, television, digital video, radio, print and live event platforms, and syndicated to more than 440 publications around the globe.
Related Organizations:
Media City
Overview
Qatar’s “Media City” is an organization that was created for the purpose of promoting media-related activities in the country. Similar to the Qatar Free Zones, the city is established under different laws and offers special concessions to the companies within it. Qatar’s Media City is focused on three different types of media: TV channels, publications, and social media. They have attracted more than 33 different news outlets and continue to search for more partners.
The news organizations that are an established part of the Media City will enjoy additional benefits. They are provided with access to the latest technologies in media, in exchange for these influencers to come and give a lecture in one of Qatar’s universities. Examples include Qatar University, which has a huge media department, or Northwestern University campus, and American University.
Media City hopes to draw in more news outlets through its commitment to ethical news writing. The attraction of the city is that it has no editorial limits. However, it does have a code of ethics based on responsible media. The media outlets that come to the city are responsible for what they say and their actions. A media outlet will not be able to be taken to court in Qatar, instead, if there are editorial disputes, the dispute will be solved in the country where the outlet is headquartered.
Qatar Fintech Hub (QFTH)
Overview
Qatar Fintech Hub (QFTH) offers two series of programs: Incubator and Accelerator. The Incubator Program is a 12-week program designed for early stage entrepreneurs and FinTechs with a Minimum Viable Product (MVP) who want to turn their prototype into a marketable product, build traction, and raise funds. Among the benefits offered by QFTH to the FinTechs in this program through the comprehensive package worth ~$250,000 are: cash investments of $40,000; FinTech workshops and bootcamps covering topics such as product development and team building; and QFTH investor network access.
The Accelerator Program is a 12-week program designed for later stage FinTechs who want to expand globally and have a Proven Product Market Fit. The program works to cultivate business collaborations between FinTech and QFTH partners, which includes the Qatar FinTech task force. Among the benefits offered by QFTH to the FinTechs in this program through the comprehensive package worth ~$300,000 are: cash investments of $100,000; FinTech workshops and bootcamps covering topics such as local ecosystem management and product alignment and deployment; and Qatar Central Bank payments sandbox support.
Related Organizations:
Ooredoo
Overview
Ooredoo is a leader in smart services in Qatar and delivers a diverse portfolio consisting of entertainment services, Ooredoo Mobile Money, and involvement in building “smart cities” and “smart stadiums”. Ooredoo is responsible for playing a key role in the successful establishment of 5G accessibility in Qatar. Ooredoo has contributed hugely to the development of 5G in Qatar, starting in 2018, and claims to cover the widest and most reliable network in the country. Its aim is to reach complete digitalization in Qatar so that it can become the world’s first Smart Nation, in line with and in support of Qatar’s National Vision 2030.
Ooredoo Money is another key business within the company and has simplified daily transactions such as sending money to the home country (for foreign workers), paying domestic workers, or making quick payments through its “Ooredoo Money Wallet” app, the most popular digital wallet in Qatar. Some of the key services of Ooredoo Money include easier and quicker international money transfer to over 200 countries and territories in addition to being able to top up family and friends’ mobile and entertainment services with the Ooredoo Money ‘International Top-Up’ service.
Subsidiaries:
The Pearl
Overview
The Pearl-Qatar is United Development Company’s flagship project and one of the largest mixed-use developments in the Middle East as well as being one of the largest real-estate developments in the Gulf. It sits on a man-made island off the coast of Doha’s prestigious West Bay District and houses Doha’s fastest growing community. The Pearl-Qatar is divided into ten architecturally distinct precincts and offers a mix of residences, retail, food, and entertainment outlets.
Currently, more than 350 brands are operating on the island. These outlets are a mix of indoor and outdoor facilities, allowing for residents and visitors to explore spectacular views while shopping or eating. Not only is the island a hub for many stores, it also hosts a variety of events ranging from car shows to events focused on environmental awareness. As its community continues to grow, The Pearl-Qatar has created a plan to expand into 32 km of new coastline for residential use with an expected 50,000 residents by the end of 2021.
The Pearl-Qatar is interested in bringing investors, retailers, and residents to the island. To further these efforts, they offer “Khadamati,” which aims to deliver specific governmental and non-governmental services to investors, retailers, and residents. Some of these services are aimed at easing the business creation process, such as registration, document approvals, and licensing opportunities for companies, tourists, labor, and nurseries. Other services are related to transportation and defense. The Pearl-Qatar offers translation, recruitment, inspection, and police services. In addition to these services the site offers, medical licensing, customs clearance, and embassy legalization.