Company Overview

Core activities and a solid customer base
Alaqaria's core business is the development of long-term rental housing projects in the new industrial areas of Qatar. The Company typically enters into turnkey build-and-transfer contracts for construction and lease for a period of 10 to 20 years, with Qatari government joint ventures and state-owned entities as key clients.

While our achievements in 2007 serve as a promising beginning for Alaqaria’s strategy, moving forward will be very challenging putting extra burden on our management to dedicate more efforts in fulfilling the increasing demand Qatar is witnessing in the real estate industry.
We must, first and foremost, stain and grow our existing growth rates in project execution and profits, we must accelerate our growth momentum of the past years to cater for the increased demand in real estate development.

Moving forward Alaqaria will actively seek opportunities in core growth areas of Qatar diversified economy. Such opportunities will be driven by a single minded path of translating our vision and mission by developing innovative and cost effective real estate solutions that will make a difference in Qatar.
We are aggressively delivering Contracts to develop housing projects on customers' land include the establishment of the infrastructure to sustain diverse and lively communities. This typically involves the construction of buildings, public utilities, roads, landscaping, and water and drainage networks, with the titles to the buildings transferred to the client at the end of the lease.

Alaqaria has also undertaken similar accommodation, residential, and commercial projects on company-leased land in industrial areas and commercial and residential projects on company-owned land in and around Doha city.

The Company's business continues the focus on securing long-term contracts with reputable customers is reflected in its fiscal 2007 results. Fully 73% of Alaqaria's operating and finance lease revenues was earned on projects for Qatari government joint ventures and state-owned entities.
Alaqaria, moreover, does everything that it can to reduce the risks associated with construction, such as delays and cost overruns, and to ensure the quality of all work carried out on its projects. The Company leveraging its years of experience in the market by the utilization of proven third-party contractors and suppliers for the majority of the design and construction on its projects.
This mix of a continued focus on core expertise, on blue-chip clients with long-term contracts, and on the strategic subcontracting of work gives the Company an extremely solid business base. It ensures a substantial and predictable cash flow over the long term and an excellent platform for robust growth well into the future.

A proven development record
Over the past 12 years of our operations, the company played a key role in providing significant projects in Qatar
These projects consisted of the development and ongoing management of residential housing projects, commercial complexes, and other facilities. The total investment cost for the completed projects was over QR 1.37 billion.
The year 2007 witnessed the successful completion for many of the major projects Al Aqaria were engaged in, specifically with the government sector, energy sector and the oil & gas sectors. Our focus during the year was directed towards the employees of the concerned sectors, all of the designs delivered catered for the comfort of our clients, since we always believed that the appropriate living and the high quality standards are the main factors in increasing the people productivity, which is something our corporate clients are looking for in their communities. We continued to be the trusted partner for our clients when it came to building the suitable accommodations for their people.
Last year we delivered major residential projects for Ministry of Interior employees, the Customs & Ports Authority in Abu Samra area, the total cost of these projects.

Looking Ahead
One of our main priorities at Al Aqaria, is to sustain the growth and achievements the company accomplished over the past years, for our clients and shareholders. To maximize value for Alaqaria, we continuously planned our growth vision by implementing the best strategies that would result in the increase of our shareholders equity and the desire to seek new investment opportunities.