Sparks - Aamal Company

Aamal Company (QAR: AHCS) announced that its subsidiary, Aamal Energy, has signed a five-year contract with a local company to provide procurement services, with an initial contract value exceeding QAR100m. Under the agreement, Aamal Energy will manage the procurement cycle for low-risk maintenance, repair and operations commodities and consumables, covering supplier sourcing and bid evaluation through to purchase orders, delivery coordination, claims, warranties and order close-out.

The contract represents an important step in the development of Aamal Energy and supports Aamal’s strategy to broaden its presence in Qatar’s energy and industrial services sectors. Management expects the engagement to build specialist procurement expertise, deepen relationships with equipment manufacturers and suppliers and strengthen Aamal Energy’s track record, supporting opportunities for further procurement and related industrial services contracts as well as partnerships with international companies seeking to develop their presence in Qatar.