Qatar Industrial Manufacturing Company (QIMC) was established in 1990 with 20%:80% government-private equity interests respectively. The establishment of QIMC was in fact a clear manifestation of the particular attention given by the State of Qatar to the issue of the private sector`s participation in the process of economic development of the country through investing in small and medium scale industries.
QIMC`s initial authorized capital was set at QR 200 million (US$ 55 million), and was fully paid by 2002. In 2006, capital was increased by 50% to QR 300 millions.
QIMC started business in May 1990 only to become within a short period of time one of the pioneering companies in the field of small and medium scale industries in Qatar. Far from being confined to the State of Qatar, QIMC`s activities extended to other GCC countries such as Saudi Arabia, Bahrain and Oman.
Currently, QIMC has equity interest in 13 operational projects in various industrial sectors.