QATAR - Economy
Chairman, Power International Holding (PIH)
Moutaz Al-Khayyat is an entrepreneur and businessman, striving to explore new business frontiers and provide clients with cutting-edge solutions. With over 41,000 experts and tradesmen, Al-Khayyat has grown his group of companies into a diverse business conglomerate. Under Al-Khayyat’s leadership, Power International Holding has grown horizontally by the creation of more than 40 affiliated companies, with ambitious plans for future expansion.
Moutaz Al-Khayyat: From the start, Power International Holding has been built upon a foundation of an inspiring vision, clear management structure and strong culture. Our people—and the skills they bring—are the company’s greatest asset and we work hard to ensure everyone is empowered and aligned behind not only our immediate commercial objectives, but more importantly our longer-term core mission: to create a brighter future from Qatar to the world. This guides us constantly, helping inform decision-making throughout the company and providing confidence to colleagues and external stakeholders alike.
Moutaz Al-Khayyat: Diversity is one of our core values and because we are committed to having a workforce that reflects the world’s population, we reap the benefits of employing a diverse talent pool of 87 nationalities. Nevertheless, we understand that there is more to do and we remain relentless in diversifying our workforce in a range of different ways. Recent developments include us launching in November 2021 our Diversity, Equity and Inclusion Steering Committee (DEISC) to help guide our DEI strategy and ensure that each of our colleagues understands what we are doing to foster an inclusive workplace and how they can help contribute individually toward that. Furthermore, on International Women’s Day on March 8, 2022, we became a signatory to the UN Women’s Empowerment Principles (WEPs), becoming the first fully Qatari private-sector company to adopt the framework—an important milestone for our company and for Qatar more widely.
Moutaz Al-Khayyat: Our people work at the heart of the global knowledge economy, and it is essential that innovation and talent development are among our very top priorities. Daizy has proven extremely successful since it was launched and is just one example of how we are integrating digital transformation at every level of the organization. We are driving a clear digital transformation strategy across all our businesses and brands, to ensure we have the right technologies—coupled with people, processes, and operations—to not only meet our customers’ evolving demands, but to actually go further and innovate new ways of working and new ways to deliver value to our customers and colleagues alike. This approach will help ensure that despite our considerable organizational size, we are able to remain agile and responsive to change and disruption across our many industries.
Moutaz Al-Khayyat: Power International Holding continues to go from strength to strength and we have clear medium-term goals and objectives beyond 2022, many of which are already being implemented. We continue to expand into new markets. UCC, our international construction services company, has plans underway to expand across Saudia Arabia, having recently opened offices in the country, as well across Northern Africa. This expansion will complement UCC’s continuing work in Qatar, where a number of exciting new projects are scheduled to commence over the coming 12 to 18 months. Aura Group, our diversified food, beverage, and entertainment company, has similar expansion plans across the MENA region, as well as into Europe. As Qatar has been gearing up for the FIFA World Cup starting in November 2022, Aura Group has introduced new international franchise brands that will further enhance Qatar’s culinary offering. Baladna, our international dairy business, has similarly ambitious growth targets. Baladna’s ongoing partnership with the government of Malaysia will see the joint establishment of a large-scale, state-of-the-art integrated dairy farm in the country’s Northern Corridor Economic Region. Similar partnerships are underway in the Philippines and Indonesia, with Baladna well placed to explore further opportunities across Asia. Furthermore, Estithmar Holding, our group of professional service companies, will continue to grow across its core sectors of facility services, tourism, heavy industry and contracting. 6
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