Industries Qatar Q.P.S.C. was incorporated as a Qatari joint stock company on April 19, 2003. The registered office is located at P.O. Box 3212, Doha, State of Qatar. Through the group companies, IQ operates in 3 distinct segments: petrochemicals, fertiliser and steel.
The oldest member of the group is QAFCO. Established in 1969, its inception marked the first significant step in the long road of State of Qatar’s industrial diversification program. Its first plant was inaugurated 5 years later, in 1973. Following this, in 1974, both QAPCO and Qatar Steel were incorporated. Qatar Steel commenced production in 1978, with QAPCO starting 3 years later, in 1981. The youngest of the group companies, QAFAC, was incorporated relatively recently, in 1991, with commercial operations beginning in 1999. The year 2003 also witnessed the acquisition by Qatar Steel of Qatar Steel Dubai Steel (August).
In 2004, QAFCO completed construction of QAFCO IV. Its first full year of operations, QAFCO IV significantly assisted IQ in posting record sales and profits. In addition significant investments have been made in various segments to-date to maintain IQ’s status quo as one of large industrial conglomerates in the GCC region.