Tuesday, June 10, 2008
Schindler acquires stake in Qatar lift company
Schindler acquired 49% of the equity of Al Doha Elevators & Escalators WLL in Qatar. This company was set up by Sheikh Saoud Bin Khalid Al-Thani, a member of the ruling Family, as the exclusive distributor (sale, installation and maintenance) of all Schindler elevator and escalator products in the State of Qatar in 2005. The Company, renamed Al Doha Schindler Elevators & Escalators WLL, allows Schindler to participate directly in one of the world's fastest-growing construction markets.
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Hi,The type of company is the most commonly used business entities in Qatar. The general rule is that non-Qataris may invest only for Registered Agents in Qatar through the medium of a joint venture company incorporated in Qatar.Thanks....
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