Industries Qatar was incorporated in 2003, as part of a reorganization program. Today it is one of Qatar’s biggest companies, employing more than 3,000 people.

IQ’s operations span from the metals industry to petrochemicals. The group operates a number of production facilities in Qatar and the United Arab Emirates.

The IQ group companies are:

• QAPCO - established in 1974 as a joint venture between Qatar Petroleum (80%) and Total Petrochemicals (20%). Qatar Petroleum’s shares in QAPCO were taken over by Industries Qatar in 2003
• QAFCO - established in 1969 and incorporated in 1975 in a joint venture agreement between the Qatar government and two foreign shareholders. In the same year, the Government transferred its shares to Qatar Petroleum
• Qatar Steel - incorporated in 1974 as a joint venture between the Qatar government [70%] and two Japanese companies, Kobe Steel [20%] and Tokyo Boeki [10%], to establish an integrated steel plant
• QAFAC - incorporated in 1991 as a joint venture for the construction and operation of a methanol and MTBE production facility

Pre-2003, Qatar Petroleum had an interest in all of these group companies, with the exception of Qatar Steel, which was state-controlled. In April 2003, QP assumed control of Qatar Steel, transferring its interests, and those in QAPCO, QAFCO and QAFAC, to the recently-formed Industries Qatar. After an Initial Public Offering later that year, IQ was successfully listed on the Doha Securities Market.

For more information, please visit the Industries Qatar website.