Paradigm Consortium seeks more partners to develop Energy City Qatar


  • Business
  • Friday, 15 Jun 2007

KUALA LUMPUR: Paradigm Consortium of Malaysia is seeking more partners to tap project opportunities in Energy City Qatar (ECQ), the Gulf’s first dedicated energy business cluster worth US$2.6bil.  

“We would like to have public-listed construction firms join the consortium, as there are housing and commercial development projects coming up for tender in Qatar soon,” group president Tunku Naquiyuddin Tuanku Jaafar said at the official signing of a memorandum of understanding (MoU) between ECQ and Paradigm yesterday.  

The MoU will enable both parties to create a non-binding framework of cooperation, under which either party can explore potential collaborative opportunities offered by ECQ.  

ECQ, located within the Lusail Project north of Doha city, covers about 1.2 million sq m and is being planned to be a fully integrated facility for oil and gas production players.  

According to Naquiyuddin, the consortium includes companies like Ranhill Bhd, MAH SING GROUP BHD, Isyoda Corp Bhd, IJM Corp Bhd and Samsung.  

He said while an initial visit to Qatar to look at development and project opportunities had already been made, a second one was being planned, adding that more members would be included soon.  

From left: ECQ head of corporate communication Farid Trabulsi, CEO Hesham Al Emadi, Tunku Naquiyuddin Tuanku Jaafar and president and CEO of Paradigm Consortium Tunku Harmy Tunku Hanan at the signing of the MoU

He added that being part of Paradigm would shorten the time for Malaysian corporations to find Qatari partners. One member, Gulf Building Materials Consortium Sdn Bhd, was aiming to be a significant supplier to projects within ECQ, president and CEO Sakri B Basri told reporters.  

ECQ’s residential and commercial components are expected to accommodate 20,000 to 25,000 and 8,000 to 10,000 people respectively. Infrastructure works have begun for completion by 2009.  

ECQ Corp CEO Hesham Al Emadi said the company was currently discussing potential projects with several international developers. After completion in 2011, it aimed to bring the ECQ concept to other countries around Asia, Europe and Africa. 

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