| Moutaz Al-Khayyat | |
| Birth Date: | 16 April 1983 |
| Education: | University of the West of Scotland |
| Occupation: | Chairman of Power International Holding |
Moutaz Al-Khayyat (born 16 April 1983) is a Syrian businessman based in Doha, Qa
tar. He is the Chairman of Power International Holding and UrbaCon Trading & Contracting (UCC), one of the largest global building and contracting companies.[1] [2] He is a Founder Partner and Chairman of Baladna Food Industries and Chairman of Estithmar Holding.[3] [4]
Moutaz Al-Khayyat was educated at the University of the West of Scotland. Al-Khayyat’s father, Mohamad Raslan Al Khayyat, founded Al Khayyat Contracting and Trading (KCT) in 1983. Al Khayyat Contracting and Trading was one of the largest construction and trading companies in Qatar. It expanded its operations into neighbouring countries, undertaking several large and complex projects ranging from highways and bridges, to infrastructure works, factories, commercial complexes and luxury residential and hotel facilities.[5]
Al-Khayyat co-founded Baladna Food Industries in March 2014.[6] In November 2019, Baladna launched its initial public offering. The IPO was received positively and became oversubscribed.[7] The company offers a range of more than 250 product lines within the dairy category, including milk, yoghurt, Laban, cheese, juices and organic fertilizers. A herd of 22,000 cattle produces 400,000 litres of milk a day.[8]
Al-Khayyat rose to prominence during the Qatar Diplomatic Crisis as the “Man who airlifted 4,000 dairy cows” into the country to bypass the Saudi blockade of the country.[9] [10]
Al-Khayyat and his brother Ramez Al-Khayyat founded Urbacon Trading & Contracting (UCC) in Qatar, as second-generation owners. UCC Holding is one of the GCC’s main grade one licensed building and contracting companies.[11]
Al-Khayyat is the Chairman of Power International Holding. The company consists of a diverse portfolio of businesses from five main sectors: general contracting, real estate development, food industries, lifestyle and services.[12]
In September 2022, Power International was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking thirteenth.[13]
Al-Khayyat was appointed as Chairman of Estithmar Holding QPSC, a listed company on the Qatar Stock Exchange, in April 2022.[14] In the same month, Estithmar acquired Elegancia Group, a group of 29 companies with 30,000 employees working in healthcare, services, ventures, contracting and industries.[15] [16]
Al-Khayyat is the Chairman of Aura Group, which operates in the food and beverage sector and family entertainment outlets in Qatar.[17] He is also the Chairman of Assets, a real estate company that has developments in the residential, hospitality and commercial sectors.[18]