Mekdam Holding Group Receives Letter of Award from Qapco Valued at Up to Qar 40.0 Million

Mekdam Holding Group announced that its subsidiary, Mekdam Technical Services W.L.L., has received a Letter of Award (LoA) from Qatar Petrochemical Company (QAPCO) for the provision of specialized manpower to support project management activities, with an estimated total value of up to QAR 40.0 million. The contract will extend over five years, from 25 October 2026 to 24 October 2031, with the actual contract value determined by the volume of services provided.

This award comes amid ongoing economic challenges and geopolitical developments in the region, demonstrating Mekdam Holding Group’s ability to secure new contracts and maintain business momentum despite prevailing uncertainties. It represents a significant addition to the Group’s long-term contract portfolio, supporting business continuity, diversifying its customer base, and enhancing visibility over future business activity. The award also strengthens the Group’s presence in the petrochemical sector and expands its relationships with major industrial institutions in Qatar, reflecting its competitiveness, operational expertise, and sustained demand for its services, while supporting its long-term growth strategy.

Mekdam Holding Group views its continued success in securing new contract awards, despite a challenging and uncertain business environment, as a positive indication of the strength of its business model, operational resilience, and sustained competitiveness. The Group remains focused on building a diversified and stable contract portfolio, enhancing operational efficiency, and converting business opportunities into contracted and executable work that supports financial performance and creates sustainable value for its shareholders.

The remaining contractual procedures will be completed in accordance with the terms and requirements of the Letter of Award, ahead of signing the final contract and commencing execution.