Qatar Aluminum Manufacturing company (QAMCO)
Rank: 14
Sector: Industrials
Date of establishment: 2018
Market value : $3 billion
Name: Abdulrahman Ahmad Al-Shaibi
Designation: Chairman
QAMCO was founded by Qatar Petroleum. QAMCO owns 50% of Qatalum (a joint venture of QAMCO), which is a producer and marketer of primary aluminum. Qatalum produces about 645,000 tons per year of high-quality aluminum for customers in Asia, Europe, and the U.S. In May 2021, Qatalum signed an agreement with General Electric to provide five Advanced Gas Path upgrade sets and maintenance services for 15 years for equipment at its power plant and a suite of cybersecurity solutions. QAMCO recorded a total income of $1.2 billion in the first nine months of 2021, an increase of 32.4% compared to the same period in 2020.