HE Qatar’s Minister of Energy: Expansion in Investment is Prominent Features of QP's Strategy

Doha, May 14 (QNA) - HE the Minister of Energy and Industry Dr. Mohammed bin Saleh Al-Sada, who is also Chairman & Managing Director of Qatar Petroleum, has said that the expansion of the investment in Qatar whether inside or outside , is focussing on the prominent features of QP's strategy for the upcoming five years 2013-2017,and is reviewed by the Supreme Council for Economic Affairs and Investment in order to make these investments a key pillar of the Qatar's economy. HE the Minister of Energy and Industry said in a statement he gave Tuesday on the sidelines of a ceremony set for launching a new corporate identity for "middleware" here that QP has multilateral projects, some in the design phase and the other in the implementation phase, most notably Ras Laffan refinery 2 , as there is an expansion in Mesaieed's refinery as well as petrochemical projects and other projects. Speaking at the ceremony marking the new name and the corporate identity of the "Middleware company, "Dr. Al-Sada pointed out that the ceremony is representing a new turning point for Qatar Holding Intermediate Industries, which is known as "Qatar Holding". He also announced that the company is entering a new phase of challenges with the completion of the renamed and given a new corporate identity, which will operate under the new name of Qatar Intermediate Industries Ltd. the Middeware. HE Dr. Mohammed bin Saleh Al-Sada, stressed that the Qatar Intermediate Industries Holding Company Limited "Middleware" is seeking to develop new products and create new attractive investments opportunities in a number of medium, local and international industries. He expressed confidence that the efforts of the middleware company will create partnerships and investments opportunities which have constructive contribution to the intermediate Industries as well as encouraging the private sector to invest in small and medium , scale projects in Qatar,referring to the valuable contribution of the company in supporting Qatar's national vision 2013. The Minister of Energy and Industry said that the QP's middleware company will not be within the four companies that the QP will tender its shares fro subscription in the coming years. Meanwhile ,Dr Hussein Ali Al Abdullah, Chairman Qatar Exchange, said last week that the QP is planning to list four companies , affiliated to the QP during the next two years, worth $ 50 bn.(END)