Power International Holding
Power International Holding is a Qatar-based conglomerate with businesses spanning contracting, real estate, food production, hospitality, lifestyle, entertainment, and services.
Last updated August 31, 2026
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Overview
Power International Holding is a diversified Qatari conglomerate established in 2011 by Syrian-Qatari entrepreneurs Moutaz Al-Khayyat and Ramez Al-Khayyat. Headquartered in Doha, the group operates through a broad portfolio of subsidiaries and affiliated businesses covering general contracting, real-estate development, agriculture and food industries, hospitality, lifestyle and entertainment, and business services. The group has been described as operating in more than 24 countries through more than 400 subsidiaries and employing more than 65,000 people, although the precise scope and method of counting subsidiaries and employees are not independently detailed in the available reference material. Construction and development form a major part of the group’s identity. Through Urbacon Trading and Contracting and related entities under UCC Holding, the group has participated in major Qatari projects including Mall of Qatar, Banana Island, Lekhwiya Stadium, and the Doha Sheraton Hotel and Convention Centre. Its international construction and hospitality work has included the Waldorf Astoria resort in the Maldives. The group’s real-estate interests include ASSETS Real Estate Development, which announced completion of the 23-storey Baywalk Tower at The Pearl Island in February 2020. Food production became one of the group’s most visible activities through Baladna Food Industries, founded in 2014 and described as a Power International Holding subsidiary. Baladna became nationally prominent during the 2017 Qatar blockade, when the business and its founders helped establish a large-scale domestic dairy operation. Approximately 4,000 Holstein cows were transported by air to Qatar, and purpose-built, temperature-controlled facilities were developed to support dairy production in the country’s hot, arid climate. By June 2019, Baladna stated that it supplied more than half of Qatar’s fresh-milk market and had begun exporting to other countries. Baladna is listed on the Qatar Stock Exchange, but that listing applies to the subsidiary rather than establishing Power International Holding itself as a listed company. The group’s portfolio structure includes UCC Holding, Baladna Q.P.S.C., Estithmar Holding, ASSETS Real Estate Development, Aura Group, and TMT Group. These businesses allow Power International Holding to participate in both asset-heavy sectors, such as construction, property, agriculture, and hospitality, and consumer-facing activities associated with food, leisure, and entertainment. The group’s model is therefore broader than that of a single operating brand: Power International Holding functions primarily as a holding and investment platform coordinating multiple companies and sector verticals. Power International Holding has also pursued formal sustainability and inclusion commitments. It joined the United Nations Global Compact in March 2021 and became a signatory to the Women’s Empowerment Principles in March 2022, a framework developed by UN Women and the UN Global Compact. In September 2022, Forbes included the company among its Middle East Top 100 Arab Family Businesses, where it was reported as ranking thirteenth. Its public profile is closely associated with Qatar’s infrastructure expansion, economic diversification, food-security efforts, and the international growth of Qatari family-owned enterprises.
History
Power International Holding was founded in Qatar in 2011 by Moutaz Al-Khayyat and Ramez Al-Khayyat. From its origin, the group developed as a multi-sector holding company rather than as a single-product brand. Its early expansion centered on Urbacon Trading and Contracting, or UCC, which became a significant contractor on large Qatari construction and infrastructure projects. UCC’s project portfolio included the Mall of Qatar, Banana Island, Lekhwiya Stadium, and work on the Doha Sheraton Hotel and Convention Centre. The company also undertook international work, including the Waldorf Astoria hotel project in the Maldives. Its contracting activity expanded through major public and private awards. In 2015, UCC and Spanish contractor Sacyr were awarded a contract connected with development of the Ras Bufontas economic zone near Hamad International Airport. UCC also received work related to the refurbishment of the Doha Marriott Hotel and, in January 2020, was awarded three infrastructure contracts by Qatar’s Public Works Authority. The group broadened its property interests through ASSETS Real Estate Development. In February 2020, ASSETS announced completion of Baywalk Tower, a 23-storey residential building at The Pearl Island. This development represented the group’s move beyond contracting into ownership and development of real-estate assets. Agriculture and food production became a defining chapter in the group’s history. Baladna Food Industries, founded in 2014 and identified as a Power International Holding subsidiary, expanded rapidly during the 2017 Qatar blockade. Because regional transport links were disrupted, Qatar faced pressure on food supply chains, particularly for dairy products. Baladna responded by importing approximately 4,000 Holstein cows by air and building specialized barns with temperature-control systems. These facilities were designed to maintain suitable conditions for cattle in Qatar’s desert climate. By June 2019, Baladna reported supplying more than half of Qatar’s fresh milk and beginning exports to international markets. Baladna later became listed on the Qatar Stock Exchange, providing a public-market vehicle for one of the group’s most prominent operating businesses. Power International Holding’s portfolio subsequently included UCC Holding, Baladna Q.P.S.C., Estithmar Holding, ASSETS Real Estate Development, Aura Group, and TMT Group. Together, these entities cover construction, property, food, hospitality, lifestyle, entertainment, and services, with vertical and horizontal expansion across multiple sectors. The group’s stated international reach extends to more than 24 countries, while its corporate structure has been described as comprising more than 400 subsidiaries. The group formalized its sustainability and workplace-inclusion commitments during the 2020s. In March 2021 it joined the United Nations Global Compact. In March 2022 it signed the Women’s Empowerment Principles, a joint UN Global Compact and UN Women framework. In September 2022 Forbes placed Power International Holding thirteenth in its Middle East Top 100 Arab Family Businesses ranking. These developments reinforced the company’s profile as a large Qatari family business with regional and international ambitions.
- 2022
The group signs the Women’s Empowerment Principles
[1]The company becomes a signatory to the UN Women and UN Global Compact Women’s Empowerment Principles.
- 2022
Power International Holding is ranked by Forbes
[1]Forbes places the group thirteenth in its Middle East Top 100 Arab Family Businesses list.
- 2021
The group joins the UN Global Compact
[1]Power International Holding becomes a participant in the United Nations Global Compact.
- 2020
Baywalk Tower is completed
[1]ASSETS announces completion of the 23-storey Baywalk Tower residential development at The Pearl Island.
- 2017
Baladna responds to the Qatar blockade
[1]Baladna accelerates local dairy production by bringing in approximately 4,000 Holstein cows and developing temperature-controlled facilities.
- 2015
UCC receives Ras Bufontas economic-zone contract
[1]UCC and Sacyr win a contract to design and build infrastructure connected with the Ras Bufontas economic zone near Hamad International Airport.
- 2014
Baladna Food Industries is founded
[1]The group establishes the food-production subsidiary that later becomes a major Qatari dairy supplier.
- 2013
Lekhwiya Stadium opens
[1]UCC completes the 20,000-square-metre Lekhwiya Sports Stadium, which was intended to serve as a training venue during the 2022 FIFA World Cup period.
- 2011
Power International Holding is founded
[1]Moutaz Al-Khayyat and Ramez Al-Khayyat establish the Qatar-based conglomerate.
Products and positioning
A diversified Qatari family-owned conglomerate combining major-project construction, property development, food security, hospitality, lifestyle, entertainment, and services.
Construction · 2011
General contracting and infrastructure
Through UCC and UCC Holding, Power International Holding delivers large-scale building, civil-engineering, infrastructure, renovation, and development work. Referenced projects include Mall of Qatar, Lekhwiya Stadium, the Doha Sheraton Hotel and Convention Centre, Banana Island, the Ras Bufontas economic zone, and public infrastructure contracts in Qatar.
Food and agriculture · 2014
Baladna dairy products
Baladna is the group’s best-known food business. It operates a large-scale dairy production platform built around Holstein cattle and climate-controlled barns designed for Qatar’s arid conditions. The business supplies fresh milk and other dairy products in Qatar and has reported exports to overseas markets.
Real estate
Real-estate development
ASSETS Real Estate Development represents the group’s property-development activities. Its referenced projects include Baywalk Tower, a 23-storey residential building completed at The Pearl Island, as well as broader development and asset-management interests within the group.
Hospitality
Hospitality and resort projects
The group participates in hotels, resorts, and related hospitality assets through its construction and development businesses. Referenced work includes the Doha Sheraton Hotel and Convention Centre, the Doha Marriott renovation, and the Waldorf Astoria project in the Maldives.
Brand decisions
2022
Signing the Women’s Empowerment PrinciplesStrategyBackground
The Women’s Empowerment Principles provide guidance for advancing gender equality and women’s participation in the workplace.
Action taken
Power International Holding became a signatory to the framework established by UN Women and the United Nations Global Compact.
Aftermath
The signing publicly associated the group with a UN-backed workplace-inclusion initiative.
2021
Joining the United Nations Global CompactStrategyBackground
The group sought to formalize its alignment with international corporate sustainability principles.
Action taken
Power International Holding joined the United Nations Global Compact.
Aftermath
The commitment added a formal sustainability framework to the group’s public corporate profile.
2017
Accelerating domestic dairy production during the Qatar blockadeStrategyBackground
The blockade disrupted regional supply routes and created pressure on Qatar’s access to imported fresh dairy products.
Action taken
Baladna imported approximately 4,000 Holstein cows by air and developed specialized temperature-controlled cattle facilities to expand local milk production.
Aftermath
By June 2019, Baladna reported supplying more than half of Qatar’s fresh-milk market and beginning exports to other countries.
Recent events
- 2022
Power International Holding signs the Women’s Empowerment Principles[1]
Other
The company became a signatory to the Women’s Empowerment Principles, a UN-backed framework focused on women’s participation and advancement in the workplace.
- 2022
Power International Holding appears in Forbes’ Middle East family-business ranking[1]
Other
Forbes included Power International Holding in its list of the Middle East’s Top 100 Arab Family Businesses and reported it at number thirteen.
- 2021
Power International Holding joins the United Nations Global Compact[1]
Other
The group joined the United Nations Global Compact, aligning itself with the initiative’s corporate sustainability principles.
- 2017
Baladna expands Qatar’s domestic dairy capacity[1]
Other
During the Qatar blockade, the group’s food subsidiary Baladna accelerated the development of a domestic dairy operation, including the air transport of approximately 4,000 Holstein cows and construction of climate-controlled livestock facilities.
Sources1 sources
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