Ghanim Bin Saad: our investments aim at development in addition to profit and help create qualified local workforce
Qatar is least affected by the recession and its business environment is suitable for business sectors and big ideas
Doha, Qatar - Ghanim Bin Saad Al Saad & Sons Group Holdings launched its new corporate identity with the theme "Big Ideas" in a press conference at their main office building in Doha. The conference was attended by Mr. Ghanim Bin Saad Al Saad, chairman and CEO who shared with the media about the group's vision and future strategy.
Ghanim started the conference by Saying: "today we launch the new identity of GSSG with the motto Big Ideas to share with you and with the public in Qatar through you, our group, our vision and our big and ambitious ideas across the different sectors of business we practice"
"First, please allow me to highlight some of the main points which lead our group to become what it is today and also the big idea around which our business and investments revolve" Ghanim continued.
He stressed that the group's top priority is to have real development at the core and the result of its activities and projects. In order to achieve that, GSSG have set its goal, along with making profits, to build human assets through creating qualified local workforce, not only in services sectors but in various industrial and productive sectors, in order to enrich the local market with human resources on mid and long term and help supporting the capacity to compete on a global level.
He went on to say "We are all aware of the effects of the global recession on economies in the region, however, Qatar proved to be least effected due to the economic environment which was established strongly by the wise leadership of H.H. Sheikh Hamad Bin Khalifa Al Thani, the Emir of Qatar. This leadership provided all the companies in private sector including GSSG, a local business environment with global tools enabling us to innovate and improve making the private sector a main pillar of the economy in Qatar in a record time."
Another highlight of development vision and strategy in GSSG is that usually private sector avoids investment in industrial sectors due to many reasons. Mainly because the industrial sectors may not profitable in the first 5 years due to the high cost of establishing and the long time it takes for feasibility studies and the late return on investment. Other reasons are that the lenders look always to achieve revenues and profits in 2 to 5 years which is difficult in industrial sectors. Hence, the previous reasons always prevented achieving true development.
Ghanim added "at GSSG, we have added the industrial sector to our business by investing in small and medium industries. In order to achieve this, we had to overcome the obstacles I mentioned earlier by depending on self finance rather than loans and hence managed to achieve the sustainability to our industrial development projects."
With this approach, GSSG grew since its debut in 1996 from limited business lines to become today a holding group investing in 9 vital sectors with world class performance.
Mr. Al Saad went on and gave a brief explanation about the different business sectors of the group.
Knowledge and education: Taallum Group
"The absolute Big Idea for us is knowledge" said Mr. Al Saad . We at GSSG believe in knowledge and in investing in it and sharing it by all possible means. We believe that it is the key to success for business and economies. We believe that without a comprehensive cycle to process the different applications of knowledge, there cannot be the qualified educated local workforce that is needed to drive development. Hence, we have invested in "Taallum Group", an educational group providing a variety of schools, academies and educational institutions catering to the different levels of education according to the best international standards, in addition to technical and professional training centers and specialized industrial training facilities which provides the work market with trained and skilled local workforce.
Industries, engineering and contracting: Jersey Group
This sector is a main pillar of GSSG vision and is one of the Big Ideas of true development. The group's industrial and engineering arm is "Jersey Group" which contains several small and medium industrial and engineering activities. For example, a glass factory, insulation and isolation construction materials factory and others.
Private Aviation: Rizon Group
Mr. Al Saad talked about the developments in global economies which lead to changes in trends, today, private aviation is no longer a luxury, it is considered now a requirement and a compliment to the modern business environment. It provides decision makes with the flexibility and speed they need to be highly efficient and competitive.
GSSG had this big idea of investing in the private aviation sector to bridge and benefit from an existing gap and an emerging need for such services. the has a comprehensive and sustainable approach to the investment through establishing "Rizon Private Aviation Group". The group is internationally licensed to build and operate its private airport in England and Qatar. Furthermore, Rizon will invest in the full services cycle of private aviation from ground support to catering and maintenance and other technical services complementary to the private aviation.
Finance and Investment
This is considered the core of service economies as it provides the adequate business environment for private sector through linking investors and entrepreneurs who need funds. This assembly of innovation and investment is the big idea that has been developed and realized through the finance and investment arm of GSSG.
Real estate development: Aayan real estate
GSSG looks to a building as part of people's daily life, it can be a complement to their life and an answer to their needs, or a burden on them. Hence, was the big idea of establishing Aayan Real Estate to be GSSG's arm in this sector, and to develop qualitative and sustainable projects that will mark the real estate growth in Qatar and the region.
Automobiles and transport: AutoZ Group
GSSG recently established AutoZ group to be its arm in automobiles and transport sector. The group has a comprehensive approach to this sector and aims at gathering the biggest number of related services in one sustainable project. The services will range from new and used cars sales to car rental as well as financing, insurance, maintenance and quick service and a lot more.
Yachts and Marinas: IGY - Metrica
At GSSG, the Big Idea for luxury is the yachts and marinas sector. The group has allies and agreements with the world's best in designing and building yachts as well as marinas' management services. The aim is to provide the best yachting experience in Qatar and in all the markets which GSSG intends to enter.
Hospitality sector
Restaurants are no longer just a dining place, they are today touristic attractions and a destination for businessmen to meet and deal. That was behind the big idea to invest in the hospitality sector and develop it in Qatar both in variety and in quality.
Fitness and sports sector
GSSG regards sport and fitness to be supportive and complementary to its interest in building a productive human asset. This is why the group had the big idea to invest in the well being of our community by providing accessible sports and fitness centers with global standards and quality.
-Ends-
For more information please call
Aziz Louksah
PR Consultant
Mobile: +974 573 6001
© Press Release 2010
