*MoU in line with the vision to enhance Qatar’s defence and security capabilities
In line with the vision to enhance Qatar’s defence and security capabilities, Barzan Holdings signed a memorandum of understanding (MoU) with Milaha (Qatar Navigation) in Doha on Wednesday.
Barzan Holdings - 100% owned by the Ministry of Defence - was established in 2016 as a limited liability company headquartered at the Qatar Science and Technology Park (QSTP) and is responsible for empowering the military capabilities of the Qatari Armed Forces.
The signing ceremony was held at Barzan Holdings’ headquarters and attended by Abdulrahman Essa al-Mannai, president and CEO, Milaha and Nasser Hassan al-Naimi, managing director, Barzan Holdings, along with a group of senior officials from both parties.
Al-Naimi said: "We believe in the importance of developing accurate plans for projects before they are implemented, requiring extensive research with our stakeholders to ensure the best results.
"The signing of this MoU with Milaha forms part of our strategic plan to form close links with official organisations in Qatar and operate as an integrated system.”
Al-Mannai said: "Milaha is proud to be the first public shareholding company in Qatar, holding commercial registration number 1, and we have a long history of supporting the various military sectors in the State of Qatar. We are pleased to sign this memorandum today with our partners at Barzan Holdings, and we look forward to a fruitful co-operation, through which we will offer comprehensive solutions using our strong capabilities and expertise in the maritime and logistics sectors for the benefit of the State of Qatar.”
Barzan Holdings conducts a wide range of projects, including supporting Qatar’s various military sectors (air, land and sea) as well as projects related to communications and software.
Through its work, Barzan Holdings seeks to promote and enhance research and development in Qatar’s defence and security sectors to achieve the invention of country names and achieve its mission to invest in human capital.
Milaha was established in July 1957 as the first public shareholding company registered in Qatar and its activities include marine transportation in gas, petroleum products, containers and bulk; offshore support services; port management and operations; logistics services; shipyard; trading agencies; real estate investments; and asset management.