Power International Holding

The firm is controlled by the Al-Khayyat family. Moutaz Al-Khayyat serves as Group Chairman, Ramez Al-Khayyat as President and Group CEO, and Mohammad Al-Khayyat as co-founder. The brothers founded the conglomerate and remain the key decision-makers across its operating subsidiaries. The group is privately held and does not disclose an external board or outside investors.

The group operates as a diversified conglomerate rather than a pure investment fund. Its core activities span construction and contracting, luxury hospitality, real estate development, agriculture, and energy infrastructure. It builds and operates assets directly — from stadiums and residential towers to airports and power plants — rather than allocating capital to third-party managers.

Power International Holding deploys capital almost exclusively through direct project development, joint ventures, and operating subsidiaries. There is no public record of the group making fund commitments to external GPs. Its model is operational: the firm constructs, owns, and manages assets like the Waldorf Astoria Maldives and Damascus International Airport.

The firm's assets concentrate in Qatar, the Maldives, Syria, and Libya. In Qatar, it has developed residential and commercial towers and sports infrastructure. Its hospitality cluster includes two high-end resorts in the Maldives. It also holds the concession for Damascus International Airport and is developing a power plant in Zliten, Libya, through a joint venture with Elsewedy Electric.

Power International Holding is a participant in the United Nations Global Compact, the world's largest corporate sustainability initiative. This signals a formal commitment to UN principles on human rights, labor, environment, and anti-corruption. However, the firm does not publicly disclose a dedicated philanthropic foundation separate from its corporate activities.

The group has entered joint ventures and memoranda of understanding with several international firms. In infrastructure, it has partnered with Spain's Sacyr on projects in Qatar. In energy, it signed an MoU with Chevron for offshore exploration in Syria and works with Egypt's Elsewedy Electric on the Zliten Power Plant in Libya. These partnerships provide technical and operational capacity alongside the group's local market access and capital.

The hospitality assets are held directly rather than through a branded fund or REIT. Key properties include the Banana Island Resort Doha by Anantara, the Waldorf Astoria Maldives Ithaafushi, and the Atlantis The Royal Maldives currently under development. These are ultra-luxury resorts operated under management agreements with international hotel brands, blending the group's development capabilities with global hospitality operators.