Qimc Announces Restructuring of Salt Production Project Partnership

Qatar Industrial Manufacturing Company (QIMC) announces the restructuring of its partnership framework for the establishment of a salt production company in Qatar. As part of this restructuring, the Turkish partner “Atlas” has formally withdrawn from the Memorandum of Understanding (MoU) previously announced on September 23, 2024, concerning the development and operation of the project. Following this change, the revised ownership structure will see QIMC holding a 40% stake in the project, while Mesaieed Petrochemical Holding Company will hold a 60% share. The restructuring makes a significant step in the project's progress, ensuring smooth operations and enhancing cooperation between partners. The facility also aims to leverage advanced technology to meet growing demand and contribute to Qatar's industrial diversification efforts. Further details will be shared upon final investment approval and confirmationof the project's implementation.