The Business Landscape in Qatar: A Journey from Oil to Diversification 

Qatar Business Landscape is marked by prosperity, owes much of its wealth and global recognition to its abundant reserves of oil and natural gas. For decades, the hydrocarbons sector has been the cornerstone of its economy, shaping its identity on the world stage. However, as the global economy evolves, Qatar is navigating a transformative journey, aiming to diversify its revenue streams and secure sustainable growth for future generations. 

The Dominance of Oil in Qatar’s Economy 

For much of the 20th century, Qatar’s economic narrative was tied to the rise of the oil industry. The discovery of oil in 1940 at the Dukhan field marked a turning point for the country, transitioning it from a small fishing and pearling economy to a global energy powerhouse. By the 1970s, oil exports accounted for the majority of Qatar’s GDP, propelling the nation to one of the highest per capita incomes in the world. 

The Qatar Business Landscape further cemented Qatar’s status as a global energy leader. The North Field, discovered in 1971, remains the world’s largest natural gas reserve, and its exploitation catapulted Qatar to the forefront of liquefied natural gas (LNG) production. Energy exports not only brought unprecedented wealth but also enabled the development of world-class infrastructure, healthcare, and education systems. However, reliance on hydrocarbons presented a double-edged sword. The volatility of oil prices and growing international pressures to transition to renewable energy highlighted the need for economic diversification. 

Vision 2030: A New Horizon 

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Recognizing the limitations of its oil-dependent economy, Qatar launched its ambitious National Vision 2030 in 2008, following the similar . This strategy outlines the country’s commitment to sustainable development across economic, social, and environmental dimensions. At its core, Vision 2030 aims to diversify Qatar’s economy by fostering innovation, empowering the private sector, and investing in industries such as technology, tourism, and culture. 

One of the most striking facets of Vision 2030 is its emphasis on cultural diplomacy. Through initiatives likeYears Of Culture, Qatar is showcasing its heritage while forging new global connections. Launched in 2012, this program strengthens cultural exchange by partnering with a different nation annually. By celebrating art and traditions, Qatar not only builds bridges with other cultures but also establishes itself as a hub for creativity and innovation. 

Transforming the Business Landscape 

The diversification strategy has catalyzed a shift in the Qatar Business Landscape. Here are some of the key industries driving this transformation:

1. Technology and Innovation

Qatar is heavily investing in technology to position itself as a leader in the digital economy. The Qatar Science and Technology Park (QSTP) and partnerships with global tech firms underscore the nation’s ambition to foster research and development. Artificial intelligence, cybersecurity, and fintech are emerging sectors attracting both local and international investments. 

2. Tourism and Hospitality

Leveraging its unique geographical location, Qatar aims to transform into a premier tourist destination. The Qatar National Tourism Council’s strategy envisions welcoming six million visitors annually by 2030. Landmarks like the National Museum of Qatar and the upcoming Lusail Iconic Stadium for the FIFA World Cup have already captured global attention. 

3. Sustainability Initiatives

Sustainability is a central pillar of the Qatar Business Landscape as part of Vision 2030. Qatar has launched numerous projects focusing on renewable energy, including the Al Kharsaah Solar Power Plant, which will produce up to 10% of the country’s peak electricity demand. These initiatives are not only environmentally significant but also attract foreign investments in green technologies. 

The Role of SMEs and Entrepreneurship 

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Another cornerstone of Qatar’s diversification is the empowerment of small and medium-sized enterprises (SMEs). The government has implemented various programs to support entrepreneurs, such as the Qatar Development Bank (QDB), which provides funding and mentorship. With platforms like the SME Excellence Awards, Qatar is fostering a culture of innovation and resilience among its businesses. 

Cultural Diplomacy as a Soft Power Tool 

In addition to economic reforms, Qatar is using culture as a strategic asset to amplify its global influence. Programs like Years Of Culture are pivotal in this endeavor. For instance, the 2023 collaboration with Indonesia brought the richness of Southeast Asian traditions to Doha, while simultaneously introducing Qatari art and history to Jakarta. 

Cultural diplomacy not only enhances Qatar’s soft power but also creates opportunities for creative industries. The Qatar Business Landscape benefits from festivals, art exhibitions, and culinary events, which generate significant economic activity and reinforce the country’s diversified economy.

Challenges on the Path to Diversification 

While Qatar’s efforts are commendable, the transition from an oil-centric economy to a diversified one is not without challenges. The global economic environment remains unpredictable, with inflation and geopolitical tensions posing risks. Additionally, fostering a knowledge-based economy requires significant investments in education and workforce development to ensure that local talent can meet the demands of emerging industries. 

A Bright Future Ahead 

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Qatar’s economic transformation is a testament to its forward-thinking leadership and commitment to sustainable growth. By investing in innovation, culture, and sustainability, the nation is laying the groundwork for a prosperous and resilient future. As Vision 2030 unfolds, initiatives like Years Of Culture highlight Qatar’s ability to merge tradition with modernity, ensuring its relevance on the global stage. 

From its oil-dominated past to its diversified future, the Qatar Business Landscape is a compelling example of adaptation and ambition. With a clear vision and robust strategies, the nation is well-positioned to navigate the complexities of the 21st-century economy.

The Advantages of Using an Outsourced SDR Solution for Your Business

In business, maintaining a competitive edge necessitates the use of effective and creative tactics. A notable method involves utilizing an outsourced Sales Development Representative (SDR) service, which presents a range of advantages for boosting a company’s progress and achievements. Delving into these perks provides perspectives on why organizations are progressively opting for outsourced SDR solutions for their sales requirements.

Advantages of Using an Outsourced SDR Solution for Your Business:

1. Cost-Effectiveness

 An outsourced SDR solution can lead to cost savings for businesses. Setting up a sales team from scratch entails expenses such as hiring and training employees and paying salaries and benefits. Outsourcing these functions instead of handling them in-house can help companies avoid these costs and only pay for the services provided. This approach lowers financial strains and enables businesses to utilize their resources more efficiently.

2. Access to Expertise

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Teaming up with an SDR provider gives you access to a group of professionals with deep industry expertise and experience who can implement successful sales tactics effectively. They are adept at recognizing and fostering leads, which improves conversion rates and revenue. Moreover, leveraging their knowledge removes the necessity for businesses to hold training programs.

3. Scalability and Flexibility

Business operations must be adaptable and responsive according to market shifts. Outsourced SDR solutions allow for scalability, giving businesses the flexibility to tailor their sales strategies based on market needs. In high-demand periods, firms can expand their workforce effortlessly without needing to recruit employees. On the other side, during quieter times, firms can downsize their operations efficiently, resulting in cost savings and streamlined processes. This ability to adjust swiftly is crucial for staying ahead in a competitive environment.

4. Focus on Core Competencies

Companies can focus on their strengths and expertise by delegating sales development responsibilities to a service provider. This change enables organizations to invest time and resources in areas where they shine best, like creating products or delivering top-notch customer support. Ultimately, businesses can improve their efficiency and provide exceptional value to their customers.

5. Advanced Technology Utilization

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Many companies that outsource their Sales Development Representative (SDR) services often rely on state-of-the-art technology to make their operations more efficient and achieve results. These tools could involve cutting-edge Customer Relationship Management (CRM) systems, sophisticated data analysis software, and automated communication platforms. Through the use of these technologies, organizations can acquire knowledge about customer preferences, fine-tune sales tactics, and boost their lead-generation activities. Having access to resources can greatly enhance the efficiency and success rates of sales operations.

6. Enhanced Lead Quality

Generating quality leads plays a role in achieving sales success. Outsourced SDR teams specialize in effectively creating and fostering quality leads through tailored outreach. Their personalized interactions resonate with a company’s target customer base criteria. This results in more meaningful engagements and increased conversion rates, ultimately boosting revenue generation.

7. Reduced Time to Market

Time plays a role in business success. Opting for an outsourced SDR solution can speed up the sales process by decreasing the time required for products or services to be available in the market. When a specialized team manages lead generation and qualification tasks, companies can quicken their sales process. This effectiveness boosts competitiveness and enables organizations to capitalize on sales opportunities promptly.

8. Improved Customer Relationships

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Building and maintaining customer relationships is crucial for achieving success in business growth and sustainability objectives. Third-party sales development representative (SDR) groups focus on establishing connections with leads and existing customers as a key priority. Engaging in personalized interactions with individuals throughout the sales process journey and beyond helps establish a brand image that nurtures trust and loyalty among the customer base. These initiatives ultimately result in improved customer retention rates and higher probabilities of securing repeat transactions, thus playing a role in driving business expansion.

9. Risk Mitigation

Outsourcing sales development can help reduce the risks involved in running sales operations. It can be affected by issues like staff turnover and training deficiencies due to changing market conditions that may affect in-house sales teams significantly. Partner with a service provider to decrease these risks and maintain a sales approach so businesses can concentrate on strategic goals without getting caught up in operational unpredictabilities.

Conclusion

Incorporating a third-party SDR solution into a business strategy can offer benefits such as cost savings, gaining specialized expertise, and enhancing lead quality and customer interactions. Adopting this method has advantages, including improving sales performance and staying agile enough to concentrate on strengths. This helps businesses set themselves up for success in a competitive market environment.

ITC fixes January 6 as record date for demerger of its hotels business

ITC fixes January 6 as record date for demerger of its hotels business | Stock Market Newsvar _comscore = _comscore || [];_comscore.push({ c1:”2″, c2:”6035286″, options: {enableFirstPartyCookie: true, bypassUserConsentRequirementFor1PCookie:true }});( function() {var s = document.createElement(“script”), el = document.getElementsByTagName(“script”)[0]; s.async = true; s.src = “https://sb.scorecardresearch.com/cs/6035286/beacon.js”; el.parentNode.insertBefore(s, el);})();SubscribeSign in

Small-cap stock under ₹100 defies weak market sentiment, climbs on this business update

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PROFIT FROM IT: Year-end Considerations for Business

Business owners stay focused all year growing their business and there’s no other time like year-end when they are zeroed in on closing strong. Naturally that entails many things, none more important than business and tax planning that focuses on reducing tax burdens long-term and avoiding nasty surprises.The traditional year-end approach of deferring income and accelerating deductions to minimize taxes continues to produce the best results for most small businesses, as will the bunching of deductible expenses into this year or next to maximize their tax value. And although there has been no new major tax legislation this year, still there are major issues needing attention or planning consideration going into year-end.

Stacey Solomon admits she’s ‘scared’ & ‘nervous’ about income for 2025 as she takes massive risk with new business

STACEY Solomon has opened up about feeling “super nervous” about a new, risky business venture.The Loose Women star, 34, announced that she is bringing out her own perfume called Belle and Rose next year – but admitted that she was “scared” about it.4Stacey Solomon has announced she is launching her own perfumeCredit: Instagram/staceysolomon4The perfume will be called Belle & Rose, which are the names of her daughtersCredit: Instagram/staceysolomonTaking to her Instagram Stories, Stacey made the big reveal by sketching out a design of the perfume bottle, which is named after her two daughters, Rose, three, and Belle, one.She wrote: “BELLE & ROSE. Coming 2025.”I have been working on this for forever and finally I can share it with you. “In 2025 I’ve made space in my life to follow a dream of mine & create something special that hopefully you will love and will live on forever through my children. More on Stacey Solomon“I’m so overwhelmed with the feeling of excitement and fear as I step into a world which I can only say is so bloody scary but also thrilling.“This is a long time coming mostly because I haven’t had the confidence more than anything.”Fans were quick to ask her to share more details about the brand launch, and Stacey got candid about the risks.She said: “Yes, it is a perfume, just one. I’m launching just one perfume. “And I’m really, really excited about it. I am also super nervous about it, because I’ve let go of a lot of things this year and moving into next year that are like guaranteed income that I won’t have next year, and none of this project is guaranteed to be successful in any way. “So it feels like a massive risk, and it’s scary, but if I didn’t let go of it, then I wouldn’t have the space to be able to do this.  Stacey Solomon’s tearful breakdown after emotional row with Joe Swash is no surprise to me… Instagram is never as it seems“And if I don’t do this now, I won’t ever do it, and I will really regret that, like I know I’ll regret that, and I don’t want to look back and have any regrets. “It’s something I wanted to do for such a long time, and I’ve just gotta bite the bullet and take the risk.”Accessible price pointShe added that she was inspired by her favourite scent brands, Penhaligon’s, Diptyque, Jo Malone and Chanel.She added: “I love the quality of the ingredients. I love how long the scent lasts. I love the packaging. Just everything. “I think it is amazing. But there’s always going to be, like, a massive markup and a huge profit margin, which is great. Go get it. “I don’t begrudge it. I think if you can, like, demand that kind of price, go and get it, but my dream has always been to get the same quality in ingredients, the same level of fragrance oil, the same quality of packaging, everything but reduce the profit margin dramatically so that it’s actually accessible, and so people can get those kind of fragrances at a much better price, and that’s what I’ve created.”Stacey said she still got “months and months to work on it” and thanked fans for supporting her so she could fulfil her dreams.4Stacey admitted she was scared for her income in 2025Credit: Stacey Solomon – InstagramStacey quitting big roleIn September, Stacey announced she was quitting her role as an ambassador for InTheStyle, which she began in 2021.She said: “Today has been a wonderful but emotional day as I shot my LAST EVER collection for InTheStyle.”I have loved every single second of being able to design & create clothing with the most incredible team & literally bring my dreams to life.”However, Stacey said her priorities shifted this year.4Stacey has been married to Joe Swash since 2022Credit: Getty – ContributorThe star gave birth to her fifth child last year and said she’s been focusing on balancing her career with her growing family.Stacey added: “Throughout this year I’ve thought a lot about work/family balance & things that have needed to be prioritised.”So I’ve decided to say goodbye to In The Style and other things so that I can give more of myself back to my family.”As a result of Stacey and husband Joe Swash’s social media platforms, the pair have bagged a number of lucrative career opportunities, boosting that all-important net worth.And with Stacey in particular having hosted Loose Women and Sort Your Life Out, it appears that the mum-of-five is a force to be reckoned with.Early in 2024, it was revealed that the DIY savvy mum, who shot to fame following The X Factor, was making a whopping £3 million a year, averaging out to around £58,000 a week.Read more on the Scottish SunAs a result, Stacey was able to splash out a massive £1.2million on Pickle Cottage – and Joe didn’t put in a penny.It was reported that Stacey, who is estimated to be worth around £5 million, solely stumped up the cash for their Tudor-style Essex property, which is set in 2.5 acres and boasts an outdoor swimming pool.Stacey Solomon’s career so farStacey Solomon has been a familiar face on viewers’ screens for over a decade. Let’s take a look back at her career.The X Factor (2009): Stacey competed in series six of long-running ITV singing competition The X Factor. During her time in the show, she was mentored by Danni Minogue in the ‘Girls’ category. The star finished in third place, behind Joe McElderry and Olly Murs.I’m A Celebrity Get Me Out Of Here (2010); In late 2010, Stacey headed to the infamous I’m A Celeb Aussie jungle. After 21 days, she triumphed to win the tenth series. It was through I’m A Celeb that she met future husband Joe Swash – who’d won two years earlier and was hosting the ITV2 spinoff.Celebrity Juice (2011―2013, 2016―2019): The star appeared as a panellist on 21 episodes of the comedy panel game show hosted by Keith Lemon. Stacey was a regular in the 21st series, broadcast in 2019.Loose Women (2016 – present): Stacey has been a permanent panel member of the daytime show since 2016. She previously made guest appearances in 2011 and 2012.Sort Your Life Out (2022 -present): This BBC show sees Stacey, with the help of an expert team, transform participants’ living spaces after removing clutter.

What does Big Tech hope to gain from warming up…

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NEW YORK (AP) — In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs — including Apple’s Tim Cook, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg, SoftBank’s Masayoshi Son and Amazon’s Jeff Bezos — have joined a parade of business and world leaders in trying to improve their standing with President-elect Donald Trump before he takes office in January.“The first term, everybody was fighting me,” Trump said in remarks at Mar-a-Lago. “In this term, everybody wants to be my friend.”Tech companies and leaders have now poured millions into his inauguration fund, a sharp increase — in most cases — from past pledges to incoming presidents. But what does the tech industry expect to gain out of their renewed relationships with Trump?
During an interview Tuesday, Salesforce CEO Marc Benioff said the incoming Trump administration seems more interested in hearing about issues that are important to the industry than the Biden administration.“Put all the politics aside, everybody wants to reboot some things,” said Benioff, who stressed he strives to stay nonpartisan because he also owns Time magazine. ”We are just at a very exciting moment, it’s a new chapter for America. I think we should all have our best intentions going forward. I think a lot of people realize there is a lot of incredible people like Elon Musk in the tech industry and in the business community. If you tap the power and expertise of the best in America to make the best of America, that’s a great vision.”Clearing the way for AI developmentA clue to what the industry is looking for came just days before the election when Microsoft executives — who’ve largely tried to show a neutral or bipartisan stance — joined with a close Trump ally, venture capitalist Marc Andreessen, to publish a blog post outlining their approach to artificial intelligence policy.“Regulation should be implemented only if its benefits outweigh its costs,” said the document signed by Andreessen, his business partner Ben Horowitz, Microsoft CEO Satya Nadella and the company’s president, Brad Smith.They also urged the government to back off on any attempt to strengthen copyright laws that would make it harder for companies to use publicly available data to train their AI systems. And they said, “the government should examine its procurement practices to enable more startups to sell technology to the government.”Trump has pledged to rescind President Joe Biden’s sweeping AI executive order, which sought to protect people’s rights and safety without stifling innovation. He hasn’t specified what he would do in its place, but his campaign said AI development should be “rooted in Free Speech and Human Flourishing.”Easier energy for data centersTrump’s choice to head the Interior Department, North Dakota Gov. Doug Burgum, has spoken openly about the need to boost electricity production to meet increased demand from data centers and artificial intelligence.“The AI battle affects everything from defense to healthcare to education to productivity as a country,″ Burgum said on Nov. 15, referring to artificial intelligence. “And the AI that’s coming in the next 18 months is going to be revolutionary. So there’s just a sense of urgency and a sense of understanding in the Trump administration″ to address it.Demand for data centers ballooned in recent years due to the rapid growth of cloud computing and AI, and local governments are competing for lucrative deals with big tech companies.But as data centers begin to consume more resources, some residents are pushing back against the world’s most powerful corporations over concerns about the economic, social and environmental health of their communities.Changing the antitrust discussion“Maybe Big Tech should buy a copy of ‘The Art of The Deal’ to figure out how to best negotiate with this administration,” suggested Paul Swanson, an antitrust attorney for the law firm Holland & Hart. “I won’t be surprised if they find ways to reach some accommodations and we end up seeing more negotiated resolutions and consent decrees.”Although federal regulators began cracking down on Google and Facebook during Trump’s first term as president — and flourished under Biden — most experts expect his second administration to ease up on antitrust enforcement and be more receptive to business mergers.Google may benefit from Trump’s return after he made comments on the campaign trail suggesting a breakup of the company isn’t in the U.S. national interest, after a judge declared its search engine an illegal monopoly. But recent nominations put forward by his transition team have favored those who have been critical of Big Tech companies, suggesting Google won’t be entirely off the hook.

Breaking Stereotypes: Why Women Over 50 Are The Future Of Business

Do you think that entrepreneurship is a young person’s game? Think again because that stereotype is dated. There is a growing trend of women over 50 starting businesses and it’s exciting! And there’s good reason for that: women over 50 are uniquely positioned to drive the future of business.

Women are starting businesses at an unprecedented rate, and in fact, data shows that of the women starting new businesses, Gen X women are leading the way. There are many reasons why women aged 50 plus would choose now to start a business, including being in a better financial position, they have accumulated life and career experience, and they are feeling ready for a change but not ready to retire.

Women over 50 bring a unique and invaluable set of advantages to the business world that position them for success, such as:

1. Experience: With decades of experience, they possess deep industry knowledge, critical thinking, and problem-solving skills honed over years of navigating professional and personal challenges.

2. Networks: Their well-established networks offer a strong foundation of connections, mentors, and partnerships, giving them access to opportunities and resources that younger entrepreneurs often lack.
3. Financial savviness: Their financial savviness allows them to make smarter money decisions, manage risks, and build sustainable business models without chasing short-term gains.

4. Confidence and resilience: Their confidence and resilience, developed through overcoming setbacks and life’s complexities, give them a steady hand in business, enabling them to face uncertainty with courage and persistence.

These strengths combined make women over 50 not only capable but also powerfully positioned to lead thriving businesses.
Challenging Ageism and Sexism

It’s often assumed that innovation and entrepreneurship is for younger people, fueled by the tech startup culture that celebrates youthful founders. However, women over 50 bring unique strengths to business as well. There are women in this age group launching ground breaking businesses in areas of femtech, AI, and fintech to name a few, proving that innovation is tied to experience and perspective.
The outdated perception that older women are less innovative or capable is increasingly being dismantled by a new wave of female entrepreneurs over 50 who are redefining success. Far from being a liability, their age equips them with decades of experience, resilience, and wisdom; qualities that drive innovation and fuel sustainable businesses.
These trailblazing women serve as powerful role models, proving to younger generations that it’s never too late to pursue bold ambitions. Icons like Arianna Huffington and Vera Wang inspire cultural narratives that celebrate reinvention and lifelong potential.
However, to fully harness the potential of this demographic, advocacy is essential. Policies and programs that support women over 50, such as targeted funding initiatives, accessible mentorship programs, and retraining opportunities, can break down systemic barriers. By challenging stereotypes, uplifting role models, and advocating for equitable opportunities, we can ensure women over 50 continue to transform the entrepreneurial landscape.
As the population ages and people are living longer, women over 50 are redefining what success looks like.
The Ripple Effect of Their Success
The success of women over 50 doesn’t just benefit them; it uplifts families, strengthens communities, and boost economies, and here’s how:

Driving the economy: Through job creation, contributing to the gross domestic product (GDP), and the reinvestment of profits into their businesses, local economies, and employees, this ripple effect strengthens the financial fabric of their communities.
Building generational wealth: through profitable businesses women are building assets that provide financial security for themselves and their families. This allows women to break cycles of financial instability and setting a strong example for the younger generation and showing them what is possible.
Strengthening communities: These women often become pillars of their communities and create space where others can thrive by giving back, offering leadership and mentorship, and partnering with local businesses to create an ecosystem where everyone benefits.

As more women over 50 enter the entrepreneurial space they create a broader ripple effect through shifting cultural norms, inspiring confidence in others, and changing the narratives.
The bottom line is that for these reasons and so many others, women over 50 are the future of business. Their experience, resilience, and vision are driving innovation and growth, while their success challenges outdated stereotypes and inspires future generations. It’s an exciting time for women as we collectively prove that the future is not just female; it’s powerful, capable, and unstoppable.

BUNKER JOBS: Sumitomo Corp Seeks US Ammonia Business Development Manager

The company is looking for candidates with five to ten years of experience in US domestic maritime business or project management in energy or chemical products in the country. Image Credit: Sumitomo Corporation

Sumitomo Corporation is seeking to hire a Houston-based business development manager for ammonia as a marine fuel in the US.

The company is looking for candidates with five to ten years of experience in US domestic maritime business or project management in energy or chemical products in the country, it said in a job advertisement on LinkedIn.

The advertisement lists the following responsibilities for the role:

Drive strategy on climate change initiatives and work closely with senior leadership team to shape SCOA’s reputation as a leader in this space.

Spearhead initiatives in the low carbon marine fuel sector by leading the company’s ammonia bunkering project(s) in the US, which would require facilitating discussions with consortium partners, with a view to make investment decisions on the project(s) in 2025-2026 and commence commercial operations achieve commercialize the project(s) in 2029-2030. The job also necessitates close coordination with diverse stakeholders across the entire ammonia bunkering value chain, which include but not limited to local partners, authorities / regulatory agencies and communities, technical experts & advisors, etc. The primary objective is to build up competitive supply chains and manage relationships with relevant authorities to gain necessary permits & approvals, and ultimately create ammonia bunkering projects in the U.S. This will be the core focus of the role.

Identify and evaluate potential high-impact investment opportunities in ammonia as marine fuel space, including marine fuel production projects and supply chain infrastructures. The job requires conducting basic technical analysis, creating financial models & valuation analysis, conducting business due diligence reviews, assessing industry landscape and competition dynamics, drafting investment memoranda, and coordinating with external legal, financial, market and technical advisors.

Work collaboratively with teams across the whole company to develop new investment themes, theses, and prepare supporting materials to secure project mandates from the senior management.

Support general managers and senior managers with preparation, facilitation, and internal reporting for meetings with external parties and facilitate the Group’s routine operations including participation in budget monitoring & preparation, generation of monthly update / progress reports, conducting internal workshops, and etc.

For more information, click here.