CEO of Barzan Holdings: We Aim to Localize, Attract Defense Industries in Qatar

Abdullah Al-Khater, CEO of Barzan Holdings, receives a visitor at the World Defense Show in Riyadh. (Asharq Al-Awsat)
Abdullah Al-Khater, CEO of Barzan Holdings, receives a visitor at the World Defense Show in Riyadh. (Asharq Al-Awsat)
TT

CEO of Barzan Holdings: We Aim to Localize, Attract Defense Industries in Qatar

Abdullah Al-Khater, CEO of Barzan Holdings, receives a visitor at the World Defense Show in Riyadh. (Asharq Al-Awsat)
Abdullah Al-Khater, CEO of Barzan Holdings, receives a visitor at the World Defense Show in Riyadh. (Asharq Al-Awsat)

CEO of Barzan Holdings Abdullah Al-Khater said the company aims to strengthen defense industries and attract defense technology to Qatar.

In an interview with Asharq Al-Awsat on the sidelines of the World Defense Show, which concluded in Riyadh on Friday, Al-Khater said the company’s work is based on different axes, namely domestic and foreign investment in defense technology and supporting the Qatari Ministry of Defense in acquisitions and purchases and building local defense capabilities.

He noted that Barzan Holdings was implementing a strategy that is founded on long-term plans, pointing to the establishment of a large number of companies, which have begun manufacturing defense products, weapons and systems.

Barzan Holdings has also completed some projects on behalf of the Qatari Ministry of Defense in a number of various fields, he underlined.

Moreover, Al-Khater explained that the signing of the joint cooperation agreement with the Saudi Military Industries Company (SAMI) covers several areas, including joint projects, cooperation in production and joint investments in the fields of defense and security.

He stressed that a number of factors contributed to the achievements of Barzan Holdings, mainly the support provided by the Qatari leadership, investments in the human cadre by attracting local and foreign minds, and cooperation with international companies.

Al-Khater revealed that the company was seeking to enter the multiple fields in the defense industries, whether at the level of light or classic industries, or even the advanced manufacturing, such as the technological field, and the employment of artificial intelligence and drones.

Regarding export plans, he noted that while export was one of the priorities of Barzan Holdings, the main goal of building the defense field is to meet the local need.

He said in this regard: “The sustainability of these companies requires working on the concept of export, which represents one of our main goals... and we aspire to achieve it, whether at the regional or international level.”

Al-Khater stressed that the company was open to cooperation with regional companies, including SAMI and others.

On the company’s participation in the World Defense Show, he noted that Barzan Holdings showcased a number of its products and was looking forward to greater participation in future editions.



Kuwait Seeks to Offer Flexible Incentives to Attract Foreign Investments

Kuwait City (Asharq Al-Awsat file photo)
Kuwait City (Asharq Al-Awsat file photo)
TT

Kuwait Seeks to Offer Flexible Incentives to Attract Foreign Investments

Kuwait City (Asharq Al-Awsat file photo)
Kuwait City (Asharq Al-Awsat file photo)

Mohammad Yaqoub, Assistant Director General for Business Development at Kuwait’s Direct Investment Promotion Authority (KDIPA), announced that Kuwait is actively working to boost investments in emerging sectors such as the management of government facilities, hospitals, and ports, including Mubarak Al-Kabeer Port.

He added that his country is collaborating with Saudi Arabia on joint projects, notably the development of a railway linking the two nations.

Speaking at the 28th Annual Global Investment Conference in Riyadh, Yaqoub highlighted the 650-kilometer railway project, which is expected to cut travel time between Saudi Arabia and Kuwait to under three hours. He clarified that this initiative is separate from the broader GCC railway network under development.

The official further emphasized Kuwait’s commitment to offering streamlined processes and incentives to attract foreign investment in critical sectors such as oil and gas, healthcare, education, and technology.

Since January 2015, the Gulf country has attracted cumulative foreign investments valued at approximately 1.7 billion Kuwaiti dinars ($5.8 billion). During the 2023–2024 fiscal year, KDIPA reported foreign investment inflows amounting to 206.9 million Kuwaiti dinars ($672 million).

Yaqoub stressed that KDIPA is focused on creating an investor-friendly environment by offering flexible incentives to attract international companies. He noted Saudi Arabia’s achievements in this area and highlighted his country’s efforts to provide comparable benefits to foreign investors.

He also expressed optimism about the potential for growth in foreign investments in Kuwait, emphasizing their role in advancing economic development in line with the United Nations’ Sustainable Development Goals (SDGs).

Yaqoub also underscored the strong synergy between the Kuwaiti and Saudi markets, which he said will help accelerate economic progress across the region.