Qatar: completion of first glass factory scheduled

SQatar will soon see the construction of a QAR 43 million glass factory, set up in rtesponse to the high demand for superior quality glass sector in the country. The plant, which will be built by The …

SQatar will soon see the construction of a QAR 43 million glass factory, set up in rtesponse to the high demand for superior quality glass sector in the country. The plant, which will be built by The Zujaj Company, owned by ASAS Company for Industrial Projects, at the small- and medium-size Industrial Area, will have an initial production target of 600,000 sq.m. of glass. On completion, in mid-2010, the plant, which is expected to provide some 100 job opportunities in various fields, will produce 200,000 sq.m. of laminated glass, 200,000 sq.m. of flat glass, 100,000 sq.m. of double-glazing glass and 100,000 sq.m. of other types of glass. It will be the first time that laminated glass will be produced locally. Speaking at the signing ceremony for the construction of the glass factory, Chairman of the Board of ASAS Company for Industrial Projects, Mohammed bin Saleh Al Kuwari said the equipment for the plant will come from Austria, Finland and Italy, and that installation will be carried out by major technology providers from these countries. “The setting up of the glass project is intended to match the urban development that Qatar is witnessing and meet the increasing demand for glass products that are utilized in the construction industry and also to achieve good revenues for the shareholders“ investments,” Al Kuwari said. Rafat A Al Suwaimal, ASAS Industrial Investment manager, said that the glass project will be developed entirely by ASAS, adding that Zujaj“s main focus will be the Qatari market. “We are not intending to export glass products. Our targeted market share in Qatar is about 7 to 10% in the initial stage. There is a huge demand and huge gap. The local market“s demand for glass currently stands at about six to seven million sq.m.,” he said. However, ASAS will also be venturing out into other GCC countries, notably Bahrain and Saudi Arabia, where the company intends to invest in some small projects, mainly related to construction. ASAS is a closed joint shareholding company with a capital base of QA R 44.750 million. The company is preparing to launch a QAR 30 million smart cards project, with technology and equipment from major providers from Holland, that will produce ATM, credit, mobile, GSM, ID and other cards, to be commissioned by the end of 2010, with a targeted annual production capacity of eight million smart cards.