Qatar Industrial Manufacturing Company

What Qatar Industrial Manufacturing Company does

Qatar Industrial Manufacturing Company (QIMC) is a publicly listed Qatari shareholding company (QSE ticker: QIMC; listed 26 May 1997) that operates as an industrial investment holding entity with a government–private sector ownership structure (20% State of Qatar, 80% private investors). Founded on 16 January 1990 with initial authorized capital of QAR 200 million, QIMC has built an equity portfolio across 20+ operational industrial projects in petrochemicals, chemicals, construction materials, and food processing, with share capital expanded to QAR 475.2 million via successive capital increases and a 2014 bonus share distribution.

The portfolio combines five wholly-owned operating subsidiaries and ten joint ventures with both state-aligned Qatari anchor partners (Qatar Petroleum, QAPCO, Qatar Steel, WOQOD, QAFCO) and international technology partners (Air Liquide, Saudi Amiantit, KLJ Organic India, Febo Italy). Wholly-owned subsidiaries (NAPICO tissue products, Qatar Acids sulfuric acid, QALEX aluminum extrusion, Qatar Paving Stones, Qatar Sand Treatment) produce consumer-construction and basic-industrial inputs. Joint ventures supply intermediate industrial goods — industrial gases (Gasal, QAR 1.5B investment), GRP pipes up to 4m diameter (AQAP), chlor-alkali products (KLJ Organic Qatar, QAR 363M), urea formaldehyde (Gulf Formaldehyde), coated steel rebar (Q-COAT), aviation fuel at Doha International Airport (Q-JET), food processing (NAFCO, Qatar-Tunisian Food), gypsum powder (QSG), and plastic packaging (QPPC).

Revenue is generated through two streams: dividends and profit distributions from JV equity stakes, and direct product sales from wholly-owned subsidiaries. 2025 revenue was approximately $503.65M with net income of $140.93M, though profitability is trending downward (9M 2025 net profit down 19.3% YoY; H1 2026 net profit down 49.6% YoY). The company's stated strategic mandate aligns with Qatar National Vision 2030 economic-diversification objectives. Recent directional moves include a 2026 Qatar-Uzbekistan bilateral investment agreement covering seven sectors, natural hydrogen exploration at Bennett Hill reporting 23.5% concentration, and the 2025 inauguration of Corniche Park Towers (Swissotel hotel and residences) — QIMC's first non-industrial operational venture.

Name

Qatar Industrial Manufacturing Company

Legal name

Qatar Industrial Manufacturing Company (QIMC) (Q.S.C.)

Website

https://qimc.com.qa

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Qatar Industrial Manufacturing Company (QIMC) is a publicly listed Doha-based industrial investment holding company (QSE: QIMC) with 20+ equity stakes in petrochemicals, construction materials, chemicals, and food processing, combining wholly-owned subsidiaries (sulfuric acid, tissue, aluminum extrusion, paving stones, sand) with joint ventures anchored by Qatar Petroleum, Qatar Steel, and Air Liquide.

Ownership category

akta.pro rank

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Investment Returns from Joint Ventures: QIMC generates revenue through equity investments in 20+ operational industrial projects. Returns come from dividends and profit distributions from subsidiaries and joint ventures operating in petrochemicals, chemicals, construction materials, and food processing sectors.
2. Industrial Project Operations: QIMC operates wholly-owned subsidiaries producing industrial goods including sulfuric acid, paper products, paving stones, sand treatment, and aluminum extrusion, generating revenue through product sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Qatar Industrial Manufacturing Company (QIMC) is an industrial investment holding company that acquires equity stakes in and operates manufacturing projects across Qatar. Its portfolio comprises wholly-owned subsidiaries and joint ventures producing petrochemicals, chemicals, construction materials, and food products for B2B industrial customers. Revenue is generated through equity returns (dividends and profit distributions) and direct product sales from operating subsidiaries in chemicals, construction inputs, and processed food.

Product overview

Qatar Industrial Manufacturing Company (QIMC) is an investment holding company that operates as a diversified industrial manufacturing conglomerate. The company holds equity interests in 20+ operational projects across industrial manufacturing sectors including petrochemicals, chemicals, construction materials, and food processing. QIMC's portfolio consists of wholly-owned subsidiaries (producing tissue paper, sulfuric acid, aluminum profiles, paving stones, and treated sand) and joint ventures (producing industrial gases, gypsum, GRP pipes, coated steel, plastic products, aviation fuel, food products, and organic chemicals). The company does not offer a unified software platform but rather serves as an investment vehicle managing its portfolio of manufacturing companies.

Differentiator

Problem solved

Functional benefit

Products and services

• National Paper Industries (NAPICO) Tissue Products Wholly-owned subsidiary of QIMC producing tissue paper products including facial tissues, toilet rolls, kitchen rolls, and M-Tork rolls for the Qatari market with exports to other GCC countries. Annual capacity: 4.5 million boxes facial tissue and 12.6 million kitchen & toilet rolls.
• Qatar Acids Company Sulfuric Acid Wholly-owned subsidiary of QIMC producing sulfuric acid at 130 tons per day with 98.5% concentration for local and export markets. Total investment QR 49 million.
• Qatar Aluminum Extrusion Company (QALEX) Profiles Subsidiary of QIMC producing colored and non-colored aluminum profiles for doors and windows, ISO 9001:2008 certified, with annual production capacity of 8,000 tons. Total investment QR 50 million.
• Qatar Paving Stones and Masonry Blocks Wholly-owned subsidiary of QIMC producing paving stones, kerb stones, and masonry blocks with annual capacity of 1.2 million square meters of paving stones and 610,000 masonry blocks per year. Total investment QR 80 million.
• Qatar Sand Treatment Plant (Treated Sand) Wholly-owned subsidiary of QIMC that washes and treats sand for construction and agricultural uses, with annual capacity of 12 million tons. Total investment QR 125 million.
• Amiantit Qatar Pipes Company (AQAP) GRP Pipes and Fittings Joint venture (40% QIMC) producing fiberglass reinforced plastic (GRP) pipes and fittings up to 4 meters in diameter, with capacity of 45,000 metric tons per year. Total investment QR 138 million.
• Gasal Industrial Gases Joint venture (29.5% QIMC) producing industrial gases including oxygen, nitrogen, argon, and hydrogen for Mesaieed Industrial City and Ras Laffan Industrial City, with an investment of QRs. 1.5 billion.
• Gulf Formaldehyde Company (GFC) Urea Formaldehyde Joint venture (20% QIMC) producing urea formaldehyde (UFC-85) and related products with annual capacity of 28,000 metric tons. Total investment QR 104 million.
• KLJ Organic Qatar Chlor-Alkali Chemicals Joint venture (60% QIMC) operating a chlor-alkali chemical complex producing chlorinated paraffin wax (CPW), caustic soda, hydrochloric acid, calcium chloride, and sodium hypochlorite. Total investment QR 363 million with expected capacity of 54,500 tons/year of CPW.
• National Food Company (NAFCO) Processed Dates and Foods Joint venture of QIMC and Hassad Food that processes, packs, and markets food products especially dates, with annual capacity of 2,000 tons of date products. Total investment QR 50 million.
• Qatar Jet Fuel Company (Q-JET) Aviation Fuel Joint venture (40% QIMC) with WOQOD selling aviation fuel at Doha International Airport with capacity of 384 million US gallons per year. Operations started August 1990.
• Qatar Metals Coating Company (Q-COAT) Epoxy-Coated Steel Bars Joint venture (50% QIMC) producing epoxy-coated steel reinforcement bars (8-40mm) for corrosion resistance in construction, with annual capacity of 100,000 tons. Total investment QR 43.6 million.
• Qatar Plastic Products Company (QPPC) Plastic Products Joint venture producing heavy-duty plastic bags, shrinkable film, and other plastic products with capacity of 11,000 tons per year of FFS Film. Total investment QR 85 million.
• Qatar-Tunisian Food Company Bottled Olive Oil Joint venture (51% NAFCO-led) bottling olive oil and processing other food products with annual capacity of 500 tons of bottled olive oil. Total investment QR 4.5 million.
• Qatari-Saudi Gypsum Industries Company (QSG) Gypsum Powder Joint venture (33.33% QIMC) producing gypsum powder for local market needs and export to neighboring markets, with annual capacity of 135,000 tons. Total investment QR 73 million.

Quantifiable outcome

• 20+ operational industrial projects across diverse sectors
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered strategic, core and secondary.

• Uzbekistan Investment PartnersstrategicStrategic or Co-development Partner · 22 June 2026Qatar-Uzbekistan bilateral investment agreements covering seven strategic sectors: transport infrastructure, education, logistics, chemical industry, energy, agriculture, and tourism. QIMC participates in negotiations with dedicated sector managers appointed for implementation roadmaps.
• KLJ Organic QatarcoreStrategic or Co-development Partner · 1 January 2018Joint venture between QIMC (60%) and KLJ Organic Limited from India. Chlor-alkali integrated chemical complex producing Chlorinated Paraffin Wax (CPW), Caustic Soda (NaOH), Hydrochloric Acid (HCl), Calcium Chloride (CaCl2), and Sodium Hypochlorite (NaOCl). Total investment: QR 363 million. Expected capacity: 54,500 tons/year of CPW.
• Qatar Aluminum Extrusion Company (QALEX)secondaryStrategic or Co-development Partner · 1 June 2012Joint venture between QIMC and other Qatari investors. Produces colored and non-colored aluminum profiles for doors and windows. ISO 9001:2008 certified. Total investment: QR 50 million. Capacity: 8,000 tons/year.
• Qatar Paving Stones CompanysecondaryOthers · 1 January 2009Wholly-owned subsidiary of QIMC. Produces premium quality paving stones and kerb stones of all colors and patterns. Total investment: QR 80 million. Capacity: 1.2 million sqm/year paving stones, 610,000 nos/year masonry blocks.
• Amiantit Qatar Pipes Company Ltd. (AQAP)coreStrategic or Co-development Partner · 1 May 2008Joint venture between QIMC (40%), Saudi Arabian Amiantit Company (40%), and Trading & Agency Services Ltd. (20%). Produces Fiber Glass Reinforced Plastic (GRP) Pipes and Fittings up to 4m diameter. Total investment: QR 138 million. Capacity: 45,000 metric tons/year.
• Gasal CompanycoreStrategic or Co-development Partner · 1 July 2006Joint venture between Qatar Petroleum (30.5%), QIMC (29.5%), and Air Liquide France (40%). Produces Industrial Gases (Oxygen, Nitrogen, Argon, Hydrogen) for Mesaieed Industrial City and Ras Laffan Industrial City. Total investment: QR 1.5 billion.
• Gulf Formaldehyde Company (GFC)coreStrategic or Co-development Partner · 1 October 2003Joint venture between Qatar Fertilizer Company (QAFCO) (70%), QIMC (20%), and United Development Company (UDC) (10%). Produces urea formaldehyde-85 and related products. Total investment: QR 104 million. Capacity: 28,000 Mt/year.
• Qatar Acids CompanycoreOthers · 1 July 2002Wholly-owned subsidiary of QIMC. Produces sulfuric acid for local and export markets. Total investment: QR 49 million. Capacity: 130 tons/day of Sulfuric Acid 98.5%.
• Qatar-Tunisian Food CompanysecondaryStrategic or Co-development Partner · 1 October 2001Joint venture between National Food Company (NAFCO) (51%), National Office of Olive Oil (Tunisia), and other Tunisian investors. Bottles olive oil and processes other food products. Total investment: QR 4.5 million. Capacity: 500 tons/year bottled olive oil.
• National Food Company (NAFCO)secondaryStrategic or Co-development Partner · 1 August 2000Joint venture between QIMC and Hassad Food. Processes, packs and markets food products especially dates. Total investment: QR 50 million. Capacity: 2,000 tons/year of dates products.
• Qatar Plastic Products Company (QPPC)secondaryStrategic or Co-development Partner · 1 August 2000Joint venture between QIMC, Qatar Petrochemical Company (QAPCO), and Febo of Italy. Produces heavy duty plastic bags, shrinkable film and other plastic products. Total investment: QR 85 million. Capacity: 11,000 tons/year FFS Film.
• Qatari-Saudi Gypsum Industries Company (QSG)secondaryStrategic or Co-development Partner · 1 June 1993Joint venture between QIMC (33.33%), Qatar National Cement Company (33.33%), and National Gypsum Company of Saudi Arabia (33.33%). Produces gypsum powder. Total investment: QR 73 million. Capacity: 135,000 tons/year.
• Qatar Sand Treatment PlantsecondaryOthers · 1 October 1992Wholly-owned subsidiary of QIMC. Produces treated (washed) sand for construction and agricultural uses. Total investment: QR 125 million. Capacity: 12 million tons/year.
• Qatar Metals Coating Company (Q-COAT)secondaryStrategic or Co-development Partner · 1 April 1992Joint venture between Qatar Steel (50%) and QIMC (50%). Produces epoxy coated steel bars (8-40mm) for construction. Total investment: QR 43.6 million. Capacity: 100,000 tons/year.
• National Paper Industries Company (NAPICO)coreOthers · 1 October 1991Wholly-owned subsidiary of QIMC. Converts high quality facial tissues, toilet rolls, kitchen rolls, and M Tork rolls. ISO 9001:2008 certified. Total investment: QR 13 million. Capacity: 4.5 million boxes facial tissue/year, 12.6 million kitchen & toilet rolls/year.
• Qatar Jet Fuel Company (Q-JET)coreStrategic or Co-development Partner · 1 August 1990Joint venture between WOQOD (60%) and QIMC (40%). Sells aviation fuel at Doha International Airport. Operations started August 1990. Capacity: 384 million US gallons/year.

Scale indicators5 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Saudi Industrial Investment Group (SIIG): Saudi-listed industrial holding focused on petrochemicals and chemicals JV investments. Comparable GCC industrial holding model with JV-driven income profile.
• Sahara International Petrochemical Company (Sipchem): Saudi-listed petrochemicals holding with diversified chemicals and JV positions. Comparable GCC chemicals/industrial holding structure with multi-product, multi-JV portfolio.
• Industries Qatar (IQCD): Listed Qatari industrial holding company with diversified stakes in petrochemicals, fertilizers, and steel. Most direct comparable structure to QIMC — same listing venue (QSE), same holding/JV model, similar economic-diversification mandate.
• National Industrialization Company (TASNEE): Saudi-listed petrochemical and industrial holding company operating through majority/minority JV stakes in chemicals, metals, and downstream products. Closest GCC analog in terms of business model and sector mix.
• Mesaieed Petrochemical Holding Company: Qatari-listed petrochemical holding with operating assets in chemicals and fertilizers at Mesaieed Industrial City. Directly comparable JV/operating-asset model and Qatar-based geographic footprint.
• Gulf International Services (GIS): Qatari-listed industrial services and holding company with diversified industrial subsidiaries. Comparable QSE-listed holding company structure serving Qatar's industrial ecosystem.

Others

• Qatar Steel Company: Qatari steel manufacturer; JV partner with QIMC in Q-COAT (epoxy-coated rebar). Comparable only as a Qatari state-linked industrial counterpart, not a portfolio-holding model peer.
• Qatar Fuel Company (WOQOD): Qatari fuel retail and energy distribution company; JV partner with QIMC in Q-JET (aviation fuel). Comparable only as a Qatari state-linked industrial operator, not as a direct business model peer.

Broad incumbents

• Yara International: Global chemicals and fertilizer producer with extensive JV history in Qatar (e.g., QAFCO). Adjacent given QIMC's stake in Gulf Formaldehyde Company via the QAFCO JV; not a direct business model peer.
• SABIC: Saudi petrochemicals and industrial giant — vastly larger scale than QIMC but overlapping in petrochemicals and chemicals. Acts as a broad incumbent in the GCC industrial landscape relevant to QIMC's chemicals and plastics JVs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/qatar-acids-company

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qatar Industrial Manufacturing Company