logo
Permasteelisa Group reinvigorates retail business in the Middle East

Permasteelisa Group reinvigorates retail business in the Middle East

Zawya26-05-2025
Permasteelisa Group, the leading international façade specialist - has reinvigorated its retail business in the Middle East, with the appointment of Hachem Alabed as its new Retail Middle East Hub Leader.
Hachem will support the growth of the company's specialist retail division - Permasteelisa Gartner Retail - in the region, as it targets further expansion in key markets globally. He has relocated from the company's London office, where he had been based since 2015. Hachem has a range of experience in project, contract and operationally focused roles, most recently, he headed up the special projects team in London.
Permasteelisa Gartner Retail designs, fabricates and installs high-end luxury retail façades and fit outs, translating the vision of iconic brands and the world's leading architects into reality. From its centres of excellence in Asia, the USA - and now in the Middle East - the retail team draws on expertise and resources globally to meet the needs of each unique project. The company has delivered in excess of 1,500 high-end retail stores, with over 100 more projects currently underway.
Antoine Cazalis de Fondouce, Permaseelisa Gartner Retail's General Manager, comments: 'We have a strong and growing team of over 185 specialists and I am delighted that Hachem has joined us to head up the Middle East operation.
'We have in the past delivered many retail projects in the Middle East. With the appointment of Hachem, we look forward to refocusing our presence and being the retail facade and fit out specialist of choice in the region once again.'
Alessio De Mitri, Executive General Manager for the Group's Permasteelisa Gartner Middle East division more broadly adds: 'Hachem is a welcome addition to the Retail team here in the Middle East as we not only aim to reinvigorate this luxury retail division but also Permasteelisa Group in the Middle East as a whole.'
***************************** ENDS *****************************
Media Contact:
Jac Samarappuli
Moving Adverts
+971 50 913 0855
jac@movingadverts.com
NOTES TO EDITORS
Interviews can be arranged with relevant parties in Permasteelisa Gartner Middle East.
About Permasteelisa Gartner Middle East (www.permasteelisagroup.com)
The regional arm of the globally renowned Permasteelisa Group, specialising in the design, engineering, manufacture and installation of complex and high-performance façade systems across the Middle East. With deep regional expertise and access to a global network of innovation and technical excellence, the company delivers landmark projects that define the modern urban skyline. Working in partnership with leading architects, developers, and contractors, Permasteelisa Gartner Middle East brings world-class façade, cladding, and curtain wall solutions to life — combining aesthetic vision with structural precision and sustainability.
Backed by the legacy of the Permasteelisa Group and the technical leadership of Gartner, the company is trusted for delivering quality, safety and innovation in every project across the GCC and beyond.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Baladna from Qatar to the world exceptional H1 2025 results
Baladna from Qatar to the world exceptional H1 2025 results

Zawya

time7 minutes ago

  • Zawya

Baladna from Qatar to the world exceptional H1 2025 results

Doha, Qatar - Baladna Q.P.S.C., the leading dairy and juice company, has announced its financial results for the first half of 2025, covering the six-month period ended 30 June 2025. The Company achieved growth in revenue, and an exceptional growth in net profit, of 229% compared to the same period last year, attributed to returns from strategic external investments implemented as part of the company's plan for geographic and sectoral diversification of its investment portfolio. For H1 2025, Baladna reported a Revenue of QAR 642.5 million, up 8 % YoY, EBITDA of QAR 444.2 million with an increase of 127.5% YoY, and EBITDA margin rising to 69.1 % from 32.8% in H1 2024. Net profit reached QAR 331.2 million, up 229% YoY, while net profit margin rose to 51.5% from 16.9% in H1 2024. As operations at Baladna conserved a stable growth momentum, the revenue increase is primarily driven by strong performance in evaporated milk and continued contribution from newly launched SKUs and wider distribution. While the significant 229% increase in Net Profit are mostly attributed to significant gains from its international investments and portfolio diversification. Gains on external investments and securities reflect Baladna's disciplined approach to capital deployment, and targeting opportunities that are capable of unlocking value through future growth or reliable dividend streams. This strategy is fully aligned with the Group's long-term strategy of international expansion aiming to increase production capacity and enhance its global presence in line with its strategic direction to position Baladna among the largest dairy producers in the world, in harmony with its slogan: 'From Qatar to the World.' Commercial and Operational Highlights Baladna sustained its momentum by enhancing product visibility, broadening its offering. The Company rolled out refreshed packaging across its portfolio, elevating shelf presence, strengthening brand appeal and reinforcing its consumer-centric focus. The Company also accelerated product innovation by introducing 25 new SKUs across Greek yogurt drinks, protein drinkables, laban, flavored milk, juices and yogurt, further enriching its portfolio and sharpening its competitive edge. Evaporated milk production progressed as planned, supporting revenue growth and aligning with national efforts to boost food security through reliable local supply. The Company remains firmly committed to scaling its operations, launching new products and widening distribution to ensure Baladna's long-term growth and shareholders' value. 'Baladna From Qatar to the World' Strategic International Expansion While the international expansion continues from Juhayna where Baladna owns 16.25%, the leading Egyptian dairy and juice company, Baladna made significant progress in its international expansion by signing initial contracts worth over USD 500 million for Phase I of its world's largest integrated Agri-industrial project in Algeria. This 117,000-hectare project in Adrar province, 51% owned by Baladna for Trading & Investment L.L.C. (QFC), a wholly owned subsidiary of Baladna Q.P.S.C., is set to meet Algeria's powdered-milk demand, boost local meat production, and strengthen national food security, while progress on its infant-formula line continues smoothly. In a major step toward deepening its regional presence, Baladna secured Board approval to proceed with a landmark USD 250 million integrated industrial project in the Syrian Arab Republic. The development will feature a comprehensive production ecosystem, including a dairy processing facility, juice plant, plastic packaging unit, and a cutting-edge water treatment facility, positioning Baladna is aiming to have first mover advantages to the Syrian market and drive long-term growth and value creation for its shareholders. Additionally, the Company approved the establishment of a wholly owned subsidiary in Egypt, designed to enhance operational effectiveness and scalability by consolidating back-office support functions and enabling more agile execution across markets. Strengthening Leadership to Accelerate International Expansion Baladna is pleased to announce the appointment of Mr. Marek Warzywoda as Group Chief Executive Officer. Mr. Warzywoda brings over 20 years of global leadership experience at Lactalis, one of world's largest dairy company, where he successfully led operations in Poland, Brazil, Croatia, South Africa, and most recently, Saudi Arabia. Across these diverse markets, he has consistently delivered profitable growth, executed complex business turnarounds, and expanded category presence across both retail and food service channels. His appointment marks an important milestone for Baladna, as the company sharpens its focus on international expansion and long-term value creation. Mr. Warzywoda's deep operational expertise and proven ability to scale businesses across geographies will be instrumental in steering Baladna's global ambitions. Backed by his strong track record in managing cross-functional teams and delivering strategic transformation, he is well positioned to lead Baladna into its next chapter of growth. For the complete financial statements, please visit or email ir@

Kuwait signs contracts for $3.27bln power plant project
Kuwait signs contracts for $3.27bln power plant project

Zawya

time7 minutes ago

  • Zawya

Kuwait signs contracts for $3.27bln power plant project

KUWAIT: The Kuwait Authority for Partnership Projects (KAPP) signed contracts on Sunday with Saudi's ACWA Power and the Gulf Investment Corporation for phases two and three of the Al-Zour North power plant. The value of these phases of the power plant exceeds 1 billion Kuwaiti dinars ($3.27 billion), the Kuwaiti authority's director general told Reuters. Asmaa Al-Mousa said that the investors, not the government, will bear the cost. The signing ceremony on Sunday sets in motion one of the country's biggest electricity projects as it seeks to address severe electricity shortages. Once completed, the Al-Zour North project will produce 2.7 gigawatts (GW) of power and 120 million gallons of water daily using combined-cycle technology, with construction set to take three years. Kuwait expects a significant improvement in electricity services once several major projects come online, including a large-scale venture with China, Adel Al-Zamel, the undersecretary of the Ministry of Electricity, Water and Renewable Energy said during the signing event. Since last year, the government has resorted to planned power cuts in some areas to reduce the load. "If (the projects) go according to plan, by 2028 our situation will be much better," Al-Zamel told reporters. Kuwait hopes to sign an implementation agreement with China in the first quarter of 2026 for phases three and four of the Shagaya renewable energy project, with a combined capacity of 3.2 gigawatts (GW), Al-Zamel said. ($1 = 0.3054 Kuwaiti dinars) (Reporting by Ahmed Hagagy Writing by Jaidaa Taha and Menna Alaa El-Din Editing by David Goodman, Elaine Hardcastle)

World Bank's IFC approves Oman polysilicon project loan over US objection
World Bank's IFC approves Oman polysilicon project loan over US objection

Zawya

time7 minutes ago

  • Zawya

World Bank's IFC approves Oman polysilicon project loan over US objection

The World Bank's International Finance Corporation on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over the objections of the IFC's U.S. executive director, the U.S. Treasury Department said. Three other executive directors on the IFC board abstained from the vote on the United Solar Polysilicon project, including those representing Germany, the Netherlands and Nordic countries, two sources familiar with the vote said. United Solar plans to build a $1.6 billion plant to produce 100,000 metric tons of polysilicon a year in Oman's Sohar Port Freezone. The company has some links to China, partly through its chairman and founder, Zhang Longgen, a U.S. citizen who was previously CEO of Chinese polysilicon maker Daqo New Energy Corp . A Daqo New Energy subsidiary, Xinjiang Daqo New Energy Co Ltd, is listed on the U.S. Department of Homeland Security's Uighur Forced Labor Protection Act Entity List, which bans its products from importation into the U.S. "The United States voted against this project and will continue to use its voice and vote at the World Bank Group, as well as at all other multilateral institutions, to pursue America First principles," a U.S. Treasury spokesperson said in an emailed statement. The department manages the dominant U.S. shareholding in the World Bank Group. A key United Solar shareholder, Chinese private equity investor IDG Capital, spent much of last year on a U.S. Defense Department list of companies with links to China's military before its removal in December. Other shareholders include Zhang and Oman's sovereign wealth fund. The World Bank and IFC - its private-sector financing arm - did not respond to requests for comment. IFC intends to provide a loan of up to $200 million and a preferred equity investment of $50 million, according to its disclosure sheet on the project. At full capacity, the United Solar plant in Oman would produce enough polysilicon annually to supply solar panels producing 40 gigawatts of power. China dominates the global production of polysilicon, a key ingredient in solar panels, and in its higher-purity form, a raw material for semiconductor production. The sector is already suffering from massive excess capacity. Reuters reported last week that Chinese polysilicon producers are in talks to spend 50 billion yuan ($7 billion) to acquire and shut down roughly a third of their production capacity and restructure part of the loss-making sector. One of the sources said the U.S. and the abstaining countries viewed the project effectively as a new Chinese enterprise, supplied largely by Chinese state firms, and adding to excess capacity in the sector. The Trump administration, in both of its terms, has pressed the World Bank to stop lending to China. Treasury Secretary Scott Bessent has also called upon the bank and the International Monetary Fund to concentrate on their core development and financial stability missions and pull back from climate finance and gender projects. The U.S. last year approved a $325 million federal grant to Michigan-based Hemlock Semiconductor for a major expansion to produce semiconductor-grade polysilicon to support reshoring of the chip supply chain. (Reporting by David Lawder; Additional reporting by Alexandra Alper; Editing by Leslie Adler, Tom Hogue and Andrea Ricci)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store