Qatar Investment & Projects Development Holding Company (QIPCO) is a prominent Qatari shareholding company based in

Doha Doha ( ar, الدوحة, ad-Dawḥa or ''ad-Dōḥa'') is the capital city and main financial hub of Qatar. Located on the Persian Gulf coast in the east of the country, north of Al Wakrah and south of Al Khor, it is home to most of the coun ...

, which through its

subsidiaries A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sa ...

, maintains a focus on

financial Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

and real estate markets.

Overview

QIPCO Holding was founded in 1999, initially as a property developer and equity investor, in an effort to claim a stake and contribute to Qatar’s development. It has investments with global companies in various sectors including real estate,

construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...

oil and gas A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and burned as a fuel. The main fossil fuels are coal, oil, and natural gas. Fossil fuels ...

trading Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchan ...

and advanced services, and finance and

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

s. Through investing approximately Qrs. 300 million of its capital, the company has sought to maintain diversified interests in the region by forming numerous independently operated subsidiaries that specialize in their respective sectors. These subsidiaries include Midmac Contracting, Mannai Corporation, Black Cat Engineering & Construction, Tornado Company, Special Projects Services Company, Investment House, Al Bustan Real Estate Company, and QIPCO Residential Compound. It has established joint venture companies with strategic partners including

Siemens Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', '' ...

General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...

Cisco Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...

ThyssenKrupp ThyssenKrupp AG (, ; stylized as thyssenkrupp) is a German industrial engineering and steel production multinational corporation, multinational Conglomerate (company), conglomerate. It is the result of the 1999 merger of Thyssen AG and Krupp and h ...

Emcor EMCOR Group is an engineering and construction company based in Norwalk, Connecticut, US. It comprises 80 or more operating companies, has approximately 170 locations and employs more than 33,000 people. The company was listed as number 375 on ...

, and Transfield.

Current standing

Its latest strategy in recent years has been to develop a diversified portfolio focusing on

emerging markets An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were ...

. QIPCO has also aligned itself to the Qatar National Vision 2030. In light of the recent granting to Qatar as the host of the

2022 FIFA World Cup The 2022 FIFA World Cup is an international association football, football tournament contested by the men's national teams of FIFA's member associations. The 22nd FIFA World Cup is taking place in Qatar from 20 November to 18 December 2022 ...

, QIPCO seeks to assist the country in meeting its objectives both in investment and infrastructure strategies and execution as a host city of the World Cup.

Leadership

Currently, QIPCO has 5 members on its

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

. Its chairman is Sheikh Abdulla Bin Khalifa Al Thani and its CEO is Sheikh

Hamad Bin Abdulla Bin Khalifa Al Thani Hamad may refer to: People *Hamad (name), an Arabic given name and surname *Hamad ibn Isa Al Khalifa (1872–1942), Ruler of Bahrain from 1932 until his death in 1942. *Hamad bin Isa Al Khalifa, King of Bahrain since 2002. Cities and villages *H ...

, who is also the Chairman of the board of Midmac Contracting Company, LLC. Both men are first cousins to Qatar’s emir. Its Deputy CEO and Director is Mohammed Ali Mohammad Khamis Al Kubaisi. QIPCO’s board of directors is made up entirely of members of Qatar’s ruling family. Hamad bin Abdullah bin Khalifa bin Hamad Al Thani is the son of Hamad Bin Khalifa Al Thani, the current

Emir Emir (; ar, أمير ' ), sometimes transliterated amir, amier, or ameer, is a word of Arabic origin that can refer to a male monarch, aristocrat, holder of high-ranking military or political office, or other person possessing actual or cerem ...

of Qatar, has been in power since 1995 after ousting his father,

Khalifa bin Hamad Al Thani Sheikh Khalifa bin Hamad bin Abdullah bin Jassim bin Mohammed Al Thani ( ar, خليفة بن حمد آل ثاني; 17 September 1932 – 23 October 2016) was the Emir of Qatar from 27 February 1972 until he was deposed by his son Hamad bin ...

, in a coup d’état and freezing his finances. He exiled his father to

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...

and

Abu Dhabi Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. ...

for nearly 10 years after the fact.

Controversy

In March 2016, Amnesty International released a report stating that in the interviews they conducted with workers refurbishing the Khalifa National Stadium in Doha "all reported human rights abuses of one kind or another," and that the "vast majority alleged they had their passports confiscated", this despite the Qatari government's promise to ensure minimum labour standards on World Cup sites. The contractor refurbishing the stadium is a partnership between a subsidiary of the Belgian company Besix, and the Qatari company Midmac, a QIPCO subsidiary. Midmac is also the main contractor at Al Wakrah stadium.

References

{{DEFAULTSORT:Qatar Investment and Projects Development Holding Company Conglomerate companies of Qatar Companies based in Doha