Qatar’s Milaha said the new pillar will provide vessel and industrial equipment owners and operators with end-to-send services to help them achieve greater asset efficiency and lower cost of operations.
The marine and technical services will include both current activities – ship management, ship agency, shipyard, bunkering – and introduce new services such as ship chandlering. Milaha will also combine its truck sales and distribution activities with its land-based asset maintenance and servicing activities.
Milaha president and ceo Abdulrahman Essa Al-Mannai said: “We aim to be a one-stop shop for the needs of all shipowners and operators, trucking companies, and heavy equipment operators. This is also in response to the increased growth in maritime shipping in Qatar, particularly after the opening of Hamad Port as well as the anticipated growth from the second phase, in addition to the growth in the oil and gas sector over the next few years.”
As part of its focus on its core business, Milaha is also exiting its travel agency business, as well as de-emphasising its equipment agency and distribution activities.
Four out of Milaha’s five strategic pillars will focus on our core-business pillars: maritime and logistics, offshore marine, gas and petrochem, and marine and technical services. The fifth pillar, Milaha Capital, will deal with financial and real estate investments.
“Over 80% of our revenues are now coming from our core sectors and customers, and we plan to build market-leading positions in these areas in the coming years,” Al Mannai said.
The latest reorganisation is in line with Milaha’s strategy to expand services for its core customers and develop local capabilities to support Qatar National Vision 2030 of becoming an advanced society capable of sustaining its development and offering a high standard of living.
Copyright © 2021. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.