Qatar Petroleum’s (QP) localisation initiative, Tawteen, which was launched this February, had a large participation of official bodies and entities, energy sector companies and a wide spectrum of service providers and supporting industries.
Tawteen received a significant turnout of around 1,500 applications through its investor portal from local investors and leading global suppliers for about 100 new investment opportunities it offers in various fields, including engineering services, maintenance, repair & overhaul (MRO), digital technologies, subsurface operations, chemicals and metals, as well as light equipment, business services and other services across the energy sector supply chain.
Applications are currently under review by Tawteen’s dedicated evaluation team. Tawteen will respond to accepted applicants to proceed with the next stage of the pre-tendering process in the fourth quarter 2019.
The success of Tawteen’s earlier phases is a crucial step in actualising the vision of QP towards a resilient localised supply chain, economic diversification, and self-reliance.
The evaluation of the submission and award of opportunities to selected investors is undertaken based on a robust governance process that is designed to ensure fair competition between all interested investors. The award of such opportunities is planned to commence in the first quarter of 2020.
The investment opportunities are only one aspect of Tawteen’s efforts intended to increase the local capabilities in services and light manufacturing supporting the energy sector.
For more information, one can visit the Tawteen website on www.tawteen.com.qa or email [email protected].
