Minister of State for Foreign Trade Affairs, H E Dr. Ahmad Al Sayed and Federal Minister for Economy and Energy of Germany, H E Dr. Katherina Reiche, look on as officials sign MoU.
DOHA: Aamal Company, one of Qatar’s leading diversified companies, has signed a Memorandum of Understanding (MoU) with Niedax Group, a global leader in cable management systems.
The MoU was signed by Sheikh Mohamed bin Faisal Al Thani, Vice Chairman and Managing Director of Aamal Company, and Adrian Löwiner Managing Director of Niedax Group.
The ceremony was held in the presence of H E Dr. Ahmad Al Sayed, Minister of State for Foreign Trade Affairs of the State of Qatar, and H E Dr. Katherina Reiche, Federal Minister for Economy and Energy of the Federal Republic of Germany, underscoring the strategic importance of this partnership and its alignment with the economic cooperation between the two countries.
Under the terms of the MoU, Aamal Company and Niedax Group will collaborate to establish a state-of-the-art facility in Qatar for the production and distribution of cable management products made of GRP and steel.
Commenting on the signing, Sheikh Mohamed bin Faisal Al Thani, Vice Chairman and Managing Director of Aamal Company, said: “This agreement marks an important milestone in our ongoing efforts to strengthen Qatar’s industrial capabilities and support the nation’s diversification strategy. Aamal is proud to have been one of Qatar’s earliest diversified industrial companies, and this new partnership with Niedax promises to create unique synergies and opportunities to enhance the Group’s capabilities in this sector. By collaborating with a global leader in Niedax, we are not only expanding our portfolio but are helping to advance the development of high-quality manufacturing within Qatar. This collaboration reflects our commitment to delivering long-term value and contributing to the sustainable growth of Qatar’s economy.
Adrian Lowiner, Managing Director, Niedax GmbH, added: “We are pleased to announce our cooperation with Aamal Company in Qatar. The Niedax Group is a global leader in cable management systems. Founded in 1920, the family-owned company generates around €1bn in annual revenue and operates 81 locations in more than 30 countries.
