CAPIVEST Bank announces the launch of a multi-million dollar investment opportunity specialized in transportation, earth movement, and the heavy equipment industry in the State of Qatar. This joint venture founded by CAPIVEST and its strategic partners in Qatar—Ali Iskandar Al Ansari & Sons Company and Shaikh Mohammed Bin Suhaim Al Thani—is expected to become one of the leading significantly capitalized Transportation and Earth Movement Services companies in the State of Qatar.
The private shareholding company, AIAP Qatar, will focus on three major areas of business: transportation of construction materials, the leasing of heavy equipment that will support major infrastructure projects in Qatar, and a full-fledge service center to cater to the heavy equipment fleet owned by the formed company, as well as to the fleet of other third-party companies. It is expected that AIAP Qatar will provide more flexible transportation and logistics infrastructure services, by facilitating the seamless movement of building materials from a growing number of source locations to the site of large-scale construction projects that are currently underway and planned in the pipeline in Qatar.
Commenting on the reasons why CAPIVEST was very keen to enter this new line of business in Qatar, Mr. Nabil Mohammed Hadi, CEO of CAPIVEST said: “Qatar is in the midst of an unprecedented infrastructure boom, and companies in the real estate/construction and building materials sectors are without a doubt benefiting from this boom. However, there is an apparent deficit in the availability of support services companies that offer door-to-door transportation of building materials, as well as in the availability of heavy equipment to cater to these massive construction plans."
Mr. Hadi felt that market demands in Qatar strongly supported founding a company solely dedicated to the transportation of construction materials, the leasing of heavy equipment, and a service center catering to the heavy construction equipment. He added, "We wanted to establish an operation that will solve the deficit in this particular area of business, so founding AIAP Qatar seemed the logical way to further support the evident construction boom in Qatar."
AIAP Qatar, which will be operating in accordance with Sharia principles and under the supervision of a multi-national management team, will mainly service the Qatari market at the onset of formation. However, future expansion plans are already underway for other branches to be formed throughout the GCC countries and MENA region, and potentially in other international markets.
About Capivest
Capivest is an Islamic Investment bank based in the Kingdom of Bahrain, which has a growing regional and international presence. It aims to help institutional and high net worth individuals in the Middle East grow their capital by providing them with a diverse range of innovative investment products and high-quality advisory services. The Capivest investment strategy is to continue building a portfolio that is well-diversified both by geography and sector. To date, Capivest has successfully structured investments in private equity and real estate that embrace developed and emerging markets; and in other sectors, ranging from technology and healthcare to building materials and retailing. The bank has also launched a series of investment funds in collaboration with leading regional and international institutions.
At Capivest, we value partnerships. Our aim is to continue building a portfolio that is diversified for our valuable investors by fostering a culture of equitable alliances. Through our team of experienced professionals who work with the highest ethical standards and international management best practices, we are dedicated to maximizing our shareholders’ value and our clients’ wealth in accordance with the principles of Islamic Sharia.
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