Qatar’s state-run shipping and logistics major Milaha has announced a reorganisation of the company as it looks to focus on its core business growth.
As part of the reorganisation, Milaha is creating a new strategic pillar – marine and technical services – that will focus on providing vessel and industrial equipment owners and operators with comprehensive, end-to-send services.
The existing maritime and logistics pillar will focus on enabling trade and providing end-to-end supply chain solutions for commercial customers through its container shipping, ports, and logistics arms.
In the meantime, the company is looking to exit the travel agency business, as well as cut back its equipment agency and distribution activities.
Following the completion of the reorganisition, four out of Milaha’s five strategic pillars will focus on core maritime-linked businesses including maritime and logistics, offshore marine, gas and petrochem, and marine and technical services. The fifth pillar, Milaha Capital, will deal solely with financial and real estate investments.
“We want to build on our already strong capabilities to create an unmatched presence in the marine services sector. We aim to be a one-stop shop for the needs of all shipowners and operators, trucking companies, and heavy equipment operators. This is also in response to the increased growth in maritime shipping in Qatar, particularly after the opening of Hamad Port as well as the anticipated growth from the second phase, in addition to the growth in the oil and gas sector over the next few years,” said Milaha president and chief executive officer Abdulrahman Essa Al-Mannai.