DOHA/THE HAGUE: The newly established Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) yesterday announced that it has chosen ‘The Hague, (the Netherlands) as the location from where it will run the operations of Muntajat-Besloten Vennoot (Muntajat BV), the international marketing company.
The Doha-headquartered company, which was launched in the second half of 2012, holds exclusive rights to purchase, market, distribute and sell Qatar’s 10 million tonnes of chemical and petrochemical regulated products to the global market.
The Netherlands Foreign Investment Agency (NFIA) and the West Holland Foreign Investment Agency (WFIA) advised and assisted Muntajat in its location decision.
“The establishment of Muntajat BV in the Netherlands and the organization of its operations in The Hague are important milestones in the development of Muntajat, less than one year since its launch,” said Muntajat CEO, Abdulrahman Ali Al Abdulla.
“As a country that is also a regional hub for energy and chemical products, the fit between Qatar and the Netherlands is logical. We look forward to opening our international marketing headquarters as the next step towards our ambition of becoming the leading marketer of chemicals and petrochemicals worldwide.”
Muntajat BV, a Netherlands corporation, provides marketing services to Muntajat, the gateway to Qatar’s chemical, polymer and fertilizer exports. The marketing services are performed by Local Marketing Offices (LMO’s) situated in strategic locations globally to serve both local customers and customers in nearby countries.
Incorporated on July 1, 2013, Muntajat BV will be headquartered at The World Trade Center. The Hague. Muntajat BV will have approximately 100 employees across 26 offices serving more than 120 countries worldwide.
“We chose the Netherlands as the home for Muntajat B.V. for several reasons - its favorable business climate, its reputation as an internationally oriented country and its quality and multilingual workforce,” added Yousef Jeham Al Kuwari, Chairman of Muntajat B.V. “The proximity of The Hague to the ports of Rotterdam and Antwerp, Schiphol Airport and international chemical and petrochemical companies also contributed to the decision.”
The Peninsula
