Power International Holding

Power International Holding
Company typePrivate
IndustryConstruction, Real Estate, Agriculture, Lifestyle, Services
Headquarters
Lusail
,
Qatar
Key people
Number of employees
65,000
Websitepowerholding-intl.com

Power International Holding is a Qatari-based conglomerate founded by Moutaz Al-Khayyat and Ramez Al-Khayyat.

The group’s portfolio sits across five main sectors: General Contracting, Real Estate Development, Agriculture & Food Industries, Lifestyle, Entertainment and Hospitality, and Services.[1] The group of companies employs over 65,000 staff.

Through its construction subsidiaries, Power International Holding has completed projects including the Mall of Qatar, Banana Island, Lekhwiya Stadium and the Doha Sheraton Hotel and Convention Centre[2] in Qatar. International projects include the luxury Waldorf Astoria hotel in the Maldives.[3]

Power International Holding’s real estate subsidiary ASSETS announced in February 2020 the completion of the 23-storey residential Baywalk Tower in The Pearl Island.[4]

Power International Holding is parent company to Baladna Food Industries, founded in 2014. The company and its founders rose to prominence in 2017 during the Qatar blockades, air lifting in 4,000 Holstein cows and making the state self-sufficient in dairy production.[5]  The company constructed special cowsheds with temperature control systems, to create a suitable environment for the cattle despite Qatar’s arid climate.[6]

By June 2019, Baladna stated it was supplying more than half of Qatar’s fresh milk supply and had begun to export to other nations.[7] The company is listed on the Qatar Stock Exchange.[8]  

In March 2021, Power International Holding joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.[9] In March 2022, the company became a signatory to the UN's Women’s Empowerment Principles, a business framework aimed to empower women in the workplace, established by United Nations Global Compact and UN Women.[10]

In September 2022, the company was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking thirteenth.[11][12]

  1. ^ "About Us". Power International Holding. Retrieved 23 June 2020.
  2. ^ "Gulf Construction Online - Icon enhanced". www.gulfconstructionworldwide.com. Retrieved 23 June 2020.
  3. ^ Asia, Ahead | (22 June 2020). "Shortlist". Ahead | Asia. Retrieved 23 June 2020.
  4. ^ "ASSETS announces completion of its iconic Baywalk Tower". thepeninsulaqatar.com. Retrieved 23 June 2020.
  5. ^ "Qatar finds self-reliance, prospers in spite of blockade by Gulf neighbors". The Washington Times. Retrieved 23 June 2020.
  6. ^ "Baladna Farm plans to meet Qatar's dairy needs by April 2018 – eDairyNews". Retrieved 23 June 2020.
  7. ^ "With cows, chickens and greenhouses, Qatar takes on regional boycott". Reuters. 18 June 2019. Retrieved 23 June 2020.
  8. ^ "Baladna receives Social Responsibility Award 2017". www.thepeninsulaqatar.com. Retrieved 23 June 2020.
  9. ^ "Power International Holding". www.unglobalcompact.org. Retrieved 22 June 2022.
  10. ^ "Power International Holding | WEPs". www.weps.org. Retrieved 22 June 2022.
  11. ^ Mughal, Waqar. "Power International Holding (PIH) - The Top 100 Arab Family Businesses". Forbes Lists. Retrieved 19 October 2022.
  12. ^ Forbes, Middle East (September 2022). "The Middle East's Top 100 Arab Family Businesses". Forbes.