Capital Investment Projects
Selecting capital investments that compliment and strengthen our existing facilities, foster strategic business partnerships and generate positive returns, is of primary importance to IQ. The current capital investment program involves all of the Group companies and should be completed in 2011.
The total expected cost of all projects IQ is involved in now stands at QR 21.3 billion, with the cost to IQ totaling QR 14.7 billion. These initiatives will help to meet the increasing demand for IQ’s world class products, and further instill production efficiencies by increasing economies of scale.
Capacity & Product Changes:
Plans to increase production capacity and create additional world-class facilities are progressing smoothly. This capital investment will help ensure sustained sales growth and strong profitability in the future - to the benefit of all shareholders.