Aamal Company has announced that its subsidiary, Aamal Energy, has signed a five-year procurement services contract with a local company, with an initial value exceeding QAR 100 million ($27 million). 

Under the agreement, Aamal Energy will manage procurement for low-risk maintenance, repair and operations (MRO) commodities and consumables, covering supplier sourcing, bid evaluation, purchase orders, deliveries and warranty claims. 

The contract will be supported by a dedicated procurement team, integrated systems and regular reporting. 

The deal supports Aamal’s expansion strategy, strengthens Aamal Energy’s business development and reinforces its role in supporting Qatar’s energy and industrial supply chains.

Rashid Al Mansoori, Chief Executive Officer of Aamal Company, commented: “This contract marks an important milestone for Aamal Energy and advances our strategy to build a broader presence in the energy and industrial services sectors. Our priority will be to deliver dependable and efficient procurement services that meet the client’s operational requirements and establish a strong foundation for a lasting relationship.

“We see this engagement as an opportunity to develop specialist expertise and demonstrate our capabilities through successful delivery. Building on this experience, we aim to compete for further opportunities and pursue partnerships that strengthen local capabilities, supporting Aamal’s continued diversification and long-term shareholder value.” -OGN/TradeArabia News Service