MUSCAT: Takamul Investment Company and the Qatar Industrial Manufacturing Company (QIMC) today signed a Memorandum of Understanding (MOU) which enables both entities to co-operate on joint developments for future industrial projects in Oman and Qatar.
The MOU was signed during a breakout session of the 14th Industrialists' Conference 'Industrial Exports: Opportunities and Challenges' where Takamul is one fo the sponsors of the conference, a Qatar Exchange bulletin said today.The conference is being held at Al-Bustan Palace, Ritz Carlton Hotel, Muscat.
The conference, which concludes today, has assembled industrialists from GCC countries and Yemen in Muscat.
QIMC CEO Abdul Rahman Al-Ansari said, "There are real mutual benefits we will find with this MoU and I know my team will be keen to explore areas for collaboration and the sharing of best practice.
"Together as well as separately we shall look for credible industrial partners. Working together should spur regional development in a cohesive manner."
Commenting on the opportunity to collaborate, Takamul CEO Nabil Al Ghassani said, "I am delighted to work more closely with QIMC as we share a lot of common objectives.
"Our teams will be able to share information, know-how and expertise on regional economic development especially as we have both successfully built sustainable industrial activities."
Takamul is closely linked with the upstream industries in the Sultnate of Oman.
It works closely with the industrial partners to identify, promote and facilitate joint ventures with local and foreign investors that will complement the existing production output and provide added value to the downstream chain. (QNA)