QAFCO was founded in 1969 as a joint venture between the State of Qatar, Norsk Hydro Norway, Davy Power gas , and Hambros Bank, to produce Ammonia & Urea by utilizing Qatar's abundant gas resources. The company is now owned by Industries Qatar (IQ) as 75% shareholder and Yara Netherlands as 25% shareholder

With a sizable annual production capacity of two million metric tonnes (MT) of ammonia and three million MT of urea from four Ammonia and four Urea plants, QAFCO is now the world's largest single-site producer of urea. The QAFCO-5 expansion project, which will be completed in late 2011, will raise QAFCO's annual production capacity to 3.8 million MT of ammonia and 4.3 million MT of urea and will make QAFCO the world's largest single-site producer of both ammonia and urea. The QAFCO-6 project which is expected to be taken over by QAFCO in 2012 will increase the Company's annual production capacity of urea to 5.6 million MT. Consequently the project will strengthen the Company's position as a key player in the global fertiliser market.

QAFCO offers a competitive basic salary and attractive allowances and benefits which include free family housing/allowance, free annual return ticket allowance for self and family, end of service benefit, annual leave, free medical care, interest free car loan, furniture grant, children education assistance, annual bonus, location allowance, annual increments, recreational facilities, etc.