07 June 2011

Press Release

“Aamal establishes a new joint venture with Johnson Controls”

Doha, 7 June 2011 -Aamal Company Q.S.C. (“Aamal”), one of Qatar’s largest and fastest growing companies,has signed a shareholder agreement with Johnson Controls Inc. to establish Johnson Controls Qatar, a new operations and maintenance and energy solutions company in Qatar.

Aamal Company Q.S.C. (“Aamal”), one of Qatar’s largest and fastest growing companies,has signed a shareholder agreement with Johnson Controls Inc. to establish Johnson Controls Qatar, a new operations and maintenance and energy solutions company in Qatar.

The new joint venture, with a shareholding of 51% and 49% split between Aamal and Johnson Controls Inc.,will provide facility improvement and energy solutions to customers in Qatar. Its services will comprise of ‘Total Building Operations and Maintenance’services, including energy audits and additional energy efficiency solutions.

Globally, Johnson Controls is involved in more than 500 renewable energy projects reducing CO² emissions by 13.6 million metric tons and generating savings of $7.5 billion since 2000. Many of the world’s largest companies rely on Johnson Controls to create business advantages through tailored solutions that optimise real estate and energy performance while reducing total occupancy costs. Additionally, Johnson Controls manages 1.5 billion square feet of commercial real estate through its workplace solutions business.

‘Total Building Operation and Maintenance’is an emerging sector in Qatar and Aamalexpects strong demand for the services offered by Johnson Controls Qatar.

Comments

His Excellency Sheikh Faisal Bin Qassim Al Thani, Chairman of Aamal commented:

“We are delighted to announce the establishment of this important JV with Johnson Controls. We believe that the services offered by Johnson Controls Qatar will complement the Government's goal to reduce Qatar's carbon emissions, and encourage the implementation of eco-friendly operations throughout Qatar and further afield.

“‘Total Building Operations and Maintenance’ is an emerging sector in Qatar and we believe that Johnson Controls Qatar has no direct competitors currently operating in Qatar and as such we are particularly excited by the growth potential from this business as part of our Managed Services Division.”

Khalid Qirem, Country Manager, Qatar, Johnson Controls said:

“As an environmentally responsible organisation, Johnson Controls is committed to sustainable development and the efficient use of resources. We are delighted that our association with Aamal and His Excellency Sheikh Faisal Bin Qassim Al Thani offers us significant opportunity to further the vision of sustainable development espoused by the Government of Qatar. Our abilities in energy efficiency and renewable energy will not only help our customers reduce operating costs and deliver rapid returns on investment, but also ensure that the environment emerges as the true winner.”

“Is is a matter of great pride for us that this joint venture will play an important role towards establishing Qatar as a global showcase of sustainability”, Qirem added.

Enquiries
Aamal Company
Arwa Goussous, Corporate Communications Manager + 974 5513 9539
Citigate Dewe Rogerson
Seb Hoyle +974 452 8335
Ged Brumby +44 (0) 20 7282 2996
Habib Bacha (for Arabic media) +971 (0)2 401 2612
Johnson Controls