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FINANCIAL NEWS
Qatar Rail, QPMC sign MoU
29 Oct 2014
(MENAFN) Qatar Railways Company (Qatar Rail) announced it has signed a memorandum of understanding (MoU) with Qatar Primary Materials Company (QPMC) to secure the finest construction materials for its projects, QNA reported.
According to Qatar Rail, this MoU will help it in seeking a guaranteed first-class railway network without significant inflation in the Qatari market, as well as insuring the flow of the primary materials to their projects and assist in stabilizing the market rates.
“QPMC is honored to be working with a home-grown company responsible for handling pioneer projects in Qatar. We believe this MoU will contribute towards further strengthening our business ties as well as our capabilities to support Qatar’s planned railway network set to facilitate traffic in the capital and its surroundings,” Qatar Primary Materials Company’s CEO said.
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