ASTAD Project Management was established on March 2, 2008, as a strategic 50/50 joint venture by Qatar Petroleum (QP) and Qatar Foundation (QF), in line with the national development plan and 2030 Qatar National Vision (QNV). Its aim is to develop a national, sustainable consultancy capable of providing world-class project management, engineering, and construction consultancy services to the State of Qatar and the region, with an exclusivity agreement in respect of QP and QF works.
The rationale behind this QP/QF alliance was that a locally owned and operated consultancy can capture and localize opportunities in the Qatar construction sector and develop sustainable national PM/CM capability at a lower cost base than an international consultancy.
