Antonio Marcegaglia |
DOHA:
Leading Italian family-owned group, Marcegaglia,
is set for an aggressive drive this year to enlarge
all its line of business and products portfolio.
The group will also be exploring the possibility
for eventual direct investment opportunities especially
in manufacturing industry at a later stage of its
growth.
“As a second step we are open
to direct investment opportunities.
We would like
to use Doha and Qatar as a base for the whole
area and I think that in the area of infrastructure
there could be interesting potential,” said
Marcegaglia Group CEO, Antonio Marcegaglia (pictured),
who is currently visiting Doha told reporters
yesterday evening. |
“Our visit is an exploration and reiteration
of business intent which very much falls in our strategy
of growth and Qatar is a great opportunity for a company
which dares to go beyond their boundaries,” he
said.
Antonio also said that the group is also open to eventual
joint ventures with Qatari counterpart, but that there
were no definite plans.
“We are very open to associate with the most
prominent and complimentary in business type from the
Qatari business side. However there is no exact plan,
the purpose of our visit is really to try to focus
more on what would fit best in our strategy,” he
said.
Marcegaglia opened its Doha office in 2007. The group
has operations worldwide with 6,500 employees, 51 sales
offices, 210 representations and 50 manufacturing plants.
It is organised into several business areas including
steel, building, home products, and engineering, energy,
tourism and service sectors
The Doha-based Marcegaglia Gulf which is a subsidiary
of the Marcegaglia Group specialises mainly in trading
and commercial activities for the time being with particular
focus on the construction industry.
In general, the Marcegaglia is a diversified group,
but its core business is associated with steel manufacturing
which produces finished sophisticated steel product
solutions that go to different industries.
But it has also other activities such as building solutions
and luxury tourism and also produces small power plants
from renewable sources.
There has been a very strong trend between Qatar and
Italy in the past two years with a number of trade
missions visiting Doha seeking business opportunities
and openings for their exports.
Italy and Qatar are strengthening their commercial
ties and in the past years an increasing number of
Italian businessmen have chosen Qatar as their preferred
hub in the Middle East.
Ever since 2007, Italy has been one of the major exporter
to Qatar, along with the US, Japan and Germany. The
first quarter of 2009 saw around €663.3m trade
dealings between the two countries. Italy’s major
exports to Qatar include mainly metals and mechanical
appliances.
--------------------------
 Antonio
Marcegaglia, Operation Qatar
source:
The Peninsula On-line
 Marcegaglia set to expand operations in Qatar
source:
www.zawya.com
Marcegaglia
set to expand operations in Qatar
source:
www.grc.ae
Marcegaglia
set to expand operations in Qatar
|
