Qatar Navigation (Milaha) will make huge investments for expanding its operations and capabilities in Qatar and overseas as part of a long-term plan to improve efficiency and profitability, said a report.

The company also aims at further redefining its strategy to focus on generating higher returns to safeguard the interests of the company’s shareholders during this year and coming years, added the Peninsula Qatar report.

Speaking at a recent annual general meeting, Sheikh Ali bin Jassim bin Mohammad Al Thani, chairman of the board of directors of Milaha, said the company will intensify its efforts in 2018 and beyond based on a strategic plan, which combines strong local expansion, selective international expansion in key sectors, and optimisation of structural cost.

Sheikh Ali added that the company remains strong financially, and they will continue to invest for the future, and further increase its capabilities to meet and anticipate customer requirements.