Qatar - Estithmar Holding, a household name today will make a strong presence in the Middle East in its quest to expand its global footprint across all sectors this year.

The global brand with a portfolio comprising a wide spectrum of sectors has plans for the region and the globe in the pipeline.

The company has secured the first feed orders for mechanical electrical and plumbing for the Red Sea project in Riyadh, Saudi Arabia this year.

The company commenced the feed order business in Saudi Arabia this year and it is expecting orders soon.

“We are a vibrant entity and will make our presence felt strong wherever we could in all our operations,” Estithmar Holding Group Chief Executive Officer Henrik H Christiansen told The Peninsula on the sidelines of a function to mark Ramadan at the Chedi Hotel and Resort Katara yesterday.

The company will be embarking on facility management and catering operations with partners in Saudi Arabia shortly, Christiansen said.

Expanding its operations in the leisure sector the company plans to open the Rosewood Hotel in the Maldives during the first quarter of 2025.

“All preparations are underway and work on the project is moving well,” Christiansen said.

He also commended the steps taken to ease travel to the state by extending the validity of the Hayya card which will augur well for the tourism industry in the country.

The company also plans to commence modular construction operations in Qatar this year.

On the healthcare sector in Qatar he said it is a major growth vehicle in the state.

“Qatar is a big and interesting market for private healthcare through which Estithmar will support the ‘State’s 2030 National Vision’,” Christiansen said.

The View Hospital of Estithmar Holding is a state of the art facility in Qatar.

Speaking on the financial performance he said the company will surpass last year’s earning this year with higher estimates.

Estithmar Holding notched a net profit of QR338,178,389 in 2022 compared to a net profit of QR321,933,023 for the same period of the previous year.

“Estithmar Holding will relentlessly pursue excellence and innovation, increasing value to businesses to enable them to advance that value to their end-users,” Christiansen said adding that expanding the company’s projects portfolio to globall markets, such as Saudi Arabia, Algeria, Egypt, and other countries is a strategic pillar for the Group which can drive its future growth.

Estithmar Holding was established as a dynamic company with a mandate to deliver reliable, sustainable and high-quality services to companies across a wide range of sectors, including services, contracting, industries, ventures, and healthcare.

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