20/11/2025 04:16 AST
Aamal Company, one of Qatar's leading diversified companies, has signed a memorandum of understanding (MoU) with Germany-headquartered Niedax Group, a global leader in cable management systems, to establish a joint venture for manufacturing cable management products.
The MoU was signed by Sheikh Mohamed bin Faisal al-Thani, vice-chairman and managing director of Aamal Company, and Adrian Löwiner managing director of Niedax Group. The pact was made in the presence of His Excellency Dr Ahmad al-Sayed, Minister of State for Foreign Trade Affairs of Qatar, and Dr Katherina Reiche, Federal Minister for Economy and Energy of Germany, underscoring the strategic importance of this partnership and its alignment with the economic cooperation between the two countries.
Under the terms of the MoU, Aamal Company and Niedax Group will collaborate to establish a state-of the-art facility in Qatar for the production and distribution of cable management products made of GRP (glass reinforced plastic or polyester) and steel.
The joint venture aims to become a major player in Qatar and the wider region by delivering high-quality, advanced solutions that support the country's industrial growth and infrastructure development. "This agreement marks an important milestone in our ongoing efforts to strengthen Qatar's industrial capabilities and support the nation's diversification strategy.
Aamal is proud to have been one of Qatar's earliest diversified industrial companies, and this new partnership with Niedax promises to create unique synergies and opportunities to enhance the group's capabilities in this sector," said Sheikh Mohamed. By collaborating with a global leader in Niedax, Aamal Company is not only expanding its portfolio but also help to advance the development of high-quality manufacturing within Qatar, he said, adding this collaboration reflects its commitment to delivering long-term value and contributing to the sustainable growth of Qatar's economy.
Founded in 1920, the family-owned company generates around 1bn euro in annual revenue and operates at 81 locations in more than 30 countries. "Its solutions support major infrastructure, industrial, automotive, energy, maritime, and data centre projects worldwide. In addition to its core cable management business, Niedax is active in distribution, steel service centres, and infrastructure solutions," said Lowiner.
Nizar Maarouf, Liaison Director of the Mittelstand GCC office (BVMW) in Doha said today's signing is a testament to the growing strategic partnership between leading German companies such as Niedax Group and Aamal Company, which are collaborating to advance industrial innovation and achieve long-term economic value. This collaboration emphasises the shared commitment of both companies to foster excellence in manufacturing, develop local industry, and support Qatar's long-term vision for sustainable economic progress.
Gulf Times
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