Amaal Signs Joint Venture Agreement with S.Korea C&C Lightway

Doha, June 25 (QNA) - Aamal Company Q.S.C. ("Aamal"), one of Qatar s fastest growing diversified companies on Monday signed Joint Venture agreement with C&C Lightway from Republic of Korea. The joint venture will initially trade in, and distribute, LED (Light Emitting Diode) and other lighting products (indoor, outdoor and fa?ade) for the Qatari market and other GCC countries. The joint venture also plans to establish in the near future a factory to assemble and manufacture LED lamps and other lighting products using technology and know-how from C&C Lightway, the Company said in a statement. The factory will serve the Qatari and MENA region markets and be the first of its kind in Qatar. The Company will be expanding its operations to include trading and distribution of LED and other lighting products; setting up an assembly facility to benefit from the products being locally manufactured, selling and distributing products made by the company, inaddition of other lighting and digital display products for trading and/or manufacturing. HE Sheikh Faisal Bin Qassim Al Thani, Chairman of Aamal, said: "Expanding our manufacturing business to support Qatar s development is central to Aamal s business. This LED and lighting joint venture with C&C Lightway is another example of our strategy of establishing market leadership in Qatar and the region in products for which there is strong demand, particularly from the Gulf s fast-growing economies."(QNA)