Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has chosen The Hague, the Netherlands as the location from which it will run Muntajat Besloten Vennoot (Muntajat BV), its international marketing company.
Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) is located in Doha
Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has chosen The Hague, the Netherlands as the location from which it will run Muntajat Besloten Vennoot (Muntajat BV), its international marketing company. State-owned Muntajat has the mandate to export Qatar’s 10mn tonnes of chemicals and petrochemicals to worldwide markets.
Launched in the second half of 2012, the Doha-headquartered company holds exclusive rights to purchase, market, distribute and sell Qatar’s production of chemical and petrochemical regulated products to the global market.
The Netherlands Foreign Investment Agency (NFIA) and the West Holland Foreign Investment Agency (WFIA) advised and assisted Muntajat in its location decision.
“The establishment of Muntajat BV in the Netherlands and the organisation of its operations in The Hague are important milestones in the development of Muntajat, less than one year since its launch,” said Muntajat CEO Abdulrahman Ali al-Abdulla. “As a country that is also a regional hub for energy and chemical products, the fit between Qatar and the Netherlands is logical. We look forward to opening our international marketing headquarters as the next step towards our ambition of becoming the leading marketer of chemicals and petrochemicals worldwide.”
Al-Abdulla and al-Kuwari: Global reach
Muntajat BV, a Netherlands corporation, provides marketing services to Muntajat. The marketing services are performed by local marketing offices (LMOs) located in strategic locations globally to serve both local customers and customers in nearby countries. Incorporated in July, Muntajat BV will be headquartered at The World Trade Centre in The Hague. It will have approximately some 100 employees across 26 offices serving more than 120 countries worldwide.
“We chose the Netherlands as the home for Muntajat BV for several reasons – its favourable business climate, its reputation as an internationally oriented country and its quality and multilingual workforce,” said Yousef Jeham al-Kuwari, Muntajat BV chairman. “The proximity of The Hague to the ports of Rotterdam and Antwerp, Schiphol Airport and international chemical and petrochemical companies also contributed to the decision.”
Al-Kuwari said, “I am pleased to announce that we have successfully concluded our first board meeting in the Netherlands.”
The NFIA introduced the company to the Dutch tax authorities in order to obtain clarity and certainty in advance on future tax positions, and made several trips to Doha to assist in the decision-making process. The agency also facilitated conversations with the Port of Rotterdam. The WFIA helped identify options for the right office space and local service providers based on the company’s needs.
“The match between Muntajat and The Netherlands is perfect,” said Bas Pulles, Commissioner for Foreign Investments at the NFIA.
“The Netherlands and Qatar are both amongst the world’s top countries in the area of chemicals and petrochemicals production, marketing and distribution. Muntajat BV’s location in The Hague positions them perfectly to capitalise on the region’s role as the ‘Chemical Corridor to Europe’. We are proud to welcome the company to our country, and will do all we can to support their success here.”
Sources: Reuters, The Peninsula, Gulf Times, Caye Global News
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