DOHA: Intercat Hospitality with the help of its strategic partner QInvest, has been making strides towards its expansion plans in Qatar and the GCC.
"Ever since the partnership was announced last year, QInvest has been fundamental in helping us sharpen our expansion strategy, operating discipline and internal processes," said George Ghaleb Farha (pictured), Chairman of Intercat.
"Bringing an investor of their caliber has helped us institutionalize our family-owned business and allowed us to realize our expansion ambitions. We have also partnered with Sheikh Abdel Rahman bin Ali Al Turki, a leading businessman from Saudi Arabia, who has provided us with valuable guidance with respect to our expansion into the Saudi Market."
Intercat was founded in 1992 in Dubai at the very beginning of the city's emergence as a regional hub for business, trade and tourism. The company specializes in institutional catering and laundry services. The company's shareholding is comprised of the Farha family, QInvest from Qatar and Sheikh Abdel Rahman bin Ali Al Turki from Saudi Arabia.
Farha said, "In addition to the services we provide, Intercat is also launching a corporate social responsibility initiative, whereby we would sponsor the university education of a number of Qatari students, and develop them in the areas that the company operates in. Upon graduation, we will hire them and train them so that they are prepared to lead the company in Qatar. We are dedicated to the development of local talent as we are to the expansion of Intercat."
© The Peninsula 2011
