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Metito eyes expansion plans

METITO, THE UAE-based utilities provider, is unlikely to go for an IPO this year and may opt to concentrate on aggressive expansions first.

Qatari companies look to take the lead in CSR

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COMPANIES IN QATAR are looking to actively enhance their Corporate Social Responsibility (CSR) strategies in light of the current global economic situation, according to the organisers of Qatar’s first major conference on the issue that took place recently. While some business groups internationally are reducing their support for charitable and community activities because of economic pressures, many Qatarbased companies are moving in the opposite direction, providing higher levels of community engagement to reassure the people of Qatar and enable the nation’s ongoing growth and development.

This high level of community support reflects the traditions and practices of local businesses, say the organisers. As well as hosting international expert speakers on CSR, the Corporate Social Responsibility Conference, held under the patronage of Minister of Business and Trade HE Sheikh Fahad bin Jassim bin Mohamed al-Abdulrahman al- Thani, provided a platform to showcase the progressive policies of many of Qatar’s leading companies to the world.

Telecommunications major Qtel sponsored and spoke at the event, discussing its long-standing practices of investing in the local community and local charities. The company has recently organised its ongoing strategy into five key pillars, under the core message ‘For Qatar, Hand in Hand,’ which looks to prioritise its support for Education; Healthcare; Environmental Issues; Sport; and Social Welfare initiatives. Qtel’s CSR approach has been so effective in Qatar that the Qtel Group is increasingly exporting this approach across its international operations in the Middle East, Africa and Asia.

“Qatari companies have long understood their responsibilities to the local community and have consistently shown their support for activities that improve the lives and environment of the people of Qatar. This conference will be an important opportunity to share examples of best practice in the area of Corporate Social Responsibility from within Qatar with our international colleagues,” said Ahmed Ahen, Director of Economic and Trade Organization, Ministry of Business and Trade, Qatar.

 

Business and Management

  • US$130mn Saudi Arabia power plant component order won

    Siemens Energy has secured a US$130mn order to supply gas turbine packages to Saudi Arabia. The components are to be installed in the Hail Extension II and Al Qurayat Expansion II power plants. The purchasers are the Alfanar Construction Company and Saudi Services for Electromechanic Works (SSEM) respectively and they will perform the project on a turnkey basis for the Saudi Electric Company (SEC) utility. Delivery of the components is scheduled for 2010 and 2011.

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Executives Calendar

September 2010

SEPTEMBER 2010
27-30 Project Iraq ERBIL
www.ifpqatar.com

October 2010

OCTOBER 2010

3-6 Saudi Build RIYADH
www.recexpo.com

4-6 Powergen Middle East DOHA
www.power-gen-middleeast.com

17-19 PG&WSME ABU DHABI
www.powerandwaterme.com
17-20 Recycling & Waste Management KSA RIYADH
www.recexpo.com

17-21 GITEX Arabia DUBAI
www.gitex.com

18-21 Erbil International Fair ERBIL
www.ifpqatar.com

25-27 Saudi Transtec Dharan
www.sauditranstec.com


November 2010

NOVEMBER 2010
1-4 GCC Power DOHA
www.ifpqatar.com

1-4 Adipec 2010 ABU DHABI
www.adipec.com

2-6 Jordan Motorshow AMMAN
www.ifpqatar.com
21-24 The Big 5 DUBAI
www.thebig5exhibition.com

28-30 Roadex/Railex ABU DHABI
www.roadex-railex.com
28-30 MEMEX 2010 ABU DHABI
www.memexnews.com