Mr. Ullattil Achu

As the CEO of Al Neama Holding, I am proud to share our remarkable journey of growth and transformation across our diverse sectors, including oil and gas, retail, and information technology. Our commitment to innovation, operational excellence, and strategic partnerships has enabled us to thrive in an evolving market.

The Qatari economy continues to demonstrate impressive resilience and growth, with a projected GDP growth rate of approximately 4.2% in 2023. The oil and gas sector remains a cornerstone of this growth, accounting for nearly 60% of the nation’s GDP. Notably, the expansion of the North Field gas project will increase Qatar’s LNG production capacity from 80 million tons to 110 million tons annually by 2026, further solidifying Qatar’s position as a global energy leader.

In tandem with these developments, Al Neama Holding has experienced substantial growth in our operations. Over the past years we have achieved a remarkable increase in revenue, driven by our strategic investments in technology and the expansion of our retail footprint. Our subsidiaries have successfully launched innovative solutions that cater to the evolving needs of our customers, particularly in the information technology sector, where digital transformation is reshaping industries.

Moreover, the retail sector in Qatar is projected to grow significantly, with estimates indicating a contribution of approximately 10% to the GDP by 2030. Recognizing this potential, we have strategically diversified our retail offerings, enhancing customer experiences and ensuring that we remain competitive in a fast-paced market.

Our commitment to sustainability and social responsibility is unwavering. We are actively focusing in businesses that align with Qatar’s Vision 2030, which emphasizes the importance of a diversified economy and sustainable development.

As we look to the future, our focus remains on leveraging advanced technologies, fostering innovation, and strengthening our partnerships to enhance our operational capabilities. We are excited about the opportunities that lie ahead and are committed to delivering value to our partners while supporting Qatar’s economic diversification efforts.

Thank you for your continued trust and support in Al Neama Holding. Together, we will navigate the challenges and embrace the opportunities that await us.