Saudi Arabian Conglomerate To Invest In Nigeria’s Oil and Gas Sector

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VENTURES AFRICA – Abdel Hadi Alqatani and Sons, a diversified Saudi Arabian trading group, on Monday was in Nigeria’s capital Abuja on a mission to explore business opportunities in the oil-rich nation.

According to BusinessDay, Al-Qahtani said the company was in the country to seek direction for an accelerated investment process, particularly in the manufacturing and energy sectors in Africa’s second largest economy.

The company’s Vice Chairman, Salah Al-Qahtani, led a delegation to the Executive Secretary, Nigerian Investment Promotion Commission (NIPC) Malam Mustafa Bello, where he disclosed plans to invest in Nigeria’s oil and gas sector.

“Your coming at this time to invest in the country’s economy is a welcome development; we will support you all through with the necessary information and getting relevant approvals to enable you settle down and commence business,” Bello pledged to the investors.

In his address, the NIPC secretary noted that the Federal Government had set in motion policies to attract foreign investors, adding that the country had the human and natural resource, market size, growing infrastructure to drive investment growth.

“The country is not as bad as being portrayed,’’ Bello remarked.

Abdel Hadi Alqatani and Sons Group of Companies was established in 1940′s and has been expanded to cover various activities and considered to be one of the largest and most reputable privately owned companies in the Kingdom of Saudi Arabia with excellent relationships in both government and commercial sectors.

Headquartered in Damman, the biggest city in the Eastern Province of Saudi Arabia, the company has vast experience in oil and gas pipe line manufacturing, and has been involved in extensive pipeline projects all over Europe and the Middle East.