DOHA: The Fujairah-based Oryx Industries has announced to supply Qatar Primary Materials Company (QPMC) with two million tonnes of quarry products over the course of one year to meet the growing demand for aggregates from Qatar’s booming construction sector.
In a statement Oryx Industries, one of the leading producers of construction materials in the region, said that it has signed a new offtake agreement with the Doha-based QPMC for delivery of quarry products.
The signing ceremony was attended by representatives of Oryx Industries, including Bader Al Khashti, General Manager and Nasser Barakat, Deputy CEO, and representatives of QPMC, Isa Hamadi, CEO and Abdul Salam Muri, Legal Advisor.
Commenting on the agreement, Al Khashti said: “We are seeing a strong resurgence in demand for construction projects across the GCC markets, nowhere more notably than in Qatar. Oryx Industries is well positioned to provide the foundations for the large scale infrastructure projects that are key to the country’s long-term vision. Qatar Primary Materials Company is the forefront of facilitating this construction boom. We are delighted to have signed this agreement, and look forward to building a productive, lasting partnership together.
Demand for building materials in Qatar is forecast to burgeon amidst a spate of mega infrastructure projects in the country. A major driver of the impending construction boom is the upcoming World Cup 2022. Qatar will spend more than $200bn on building projects ahead of the tournament, including at least eight new sports stadiums. Another is the Doha Metro project, which is expected to see its first phase completed in 2019.
Oryx Industries group deals in the quarry products, trading stones, ready mix concrete and industrial transportation. The Fujairah based company is comprising of three subsidiaries that produces around 10 million tonnes and trades up to 12 million tonnes of gabbro products. It has a 60 percent share of ready mix concrete in Fujairah and the eastern coast of UAE – the country being the world’s third largest exporter of quarry products.
The Peninsula
