THE MIDDLE EAST’S

7. Power International Holding (PIH)

Group Chairman; President & Group CEO: Moutaz Al-Khayyat; Ramez Al-Khayyat
Established: 2011
Country: Qatar

PIH operates across energy, mining, construction contracting and concessions; healthcare, banking services, ventures, contracting and industries; agriculture and food industries; telecommunications, media and technology; and real estate development and hospitality. In 2025, a consortium led by PIH subsidiary UCC Holding signed a $4 billion build-operate-transfer (BOT) concession to redevelop and operate Damascus International Airport, alongside a $7 billion program to develop 5,000MW of power capacity in Syria.