Qatar petchem group to open office in Hague
The Hague (Netherlands), September 4, 2013
Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has announced plans to open its international marketing office, Muntajat Besloten Vennoot (Muntajat BV) in The Hague, Netherlands.
The Doha-headquartered company, which was launched in the second half of 2012, holds exclusive rights to purchase, market, distribute and sell Qatar’s production of chemical and petrochemical regulated products to the global market.
The company has the mandate to export Qatar’s 10 million tonnes of chemicals and petrochemicals to worldwide markets, said a senior official.
“The establishment of Muntajat BV in the Netherlands and the organization of its operations in The Hague are important milestones in the development of Muntajat, less than one year since its launch,” remarked Muntajat CEO Abdulrahman Ali Al-Abdulla.
“As a country that is also a regional hub for energy and chemical products, the fit between Qatar and the Netherlands is logical. We look
forward to opening our international marketing headquarters as the next step towards our ambition of becoming the leading marketer of chemicals and petrochemicals worldwide.”
“We chose the Netherlands for several reasons - its favorable business climate, its reputation as an internationally-oriented country and its quality and multilingual workforce,” explained Yousef Jeham Al- Kuwari, the chairman of Muntajat BV.
“The proximity of The Hague to the ports of Rotterdam and Antwerp, Schiphol Airport and international chemical and petrochemical
companies also contributed to the decision,” he added. The Muntajat BV will have 100 employees across 26 offices serving more than 120 countries worldwide.
The Netherlands Foreign Investment Agency (NFIA) and the West Holland Foreign Investment Agency (WFIA) advised and assisted Muntajat in selecting the location.
The NFIA introduced the company to the Dutch tax authorities in order to obtain clarity and certainty in advance on future tax positions, and made several trips to Doha to assist in the decision-making process.
The agency also facilitated conversations with the Port of Rotterdam. The WFIA helped identify options for the right office space and local service providers based on the company’s needs.
“The match between Muntajat and The Netherlands is perfect,” said Bas Pulles, the commissioner for Foreign Investments at the NFIA.
“The Netherlands and Qatar are both amongst the world’s top countries in the area of chemicals and petrochemicals production, marketing and distribution. Muntajat BV’s location in The Hague positions them perfectly to capitalize on the region’s role as the ‘Chemical Corridor to Europe,’" he added.-TradeArabia News Service