DOHA: Supported by the government, the Economic Zones Company (EZC) Qatar has embarked on the development of three economic zones in and around Doha. With the completion of the project, the total area of these zones would be 25 percent larger than Doha’s current Industrial Area.
EZC’s covers three locations: Qatar Economic Zone One is about 4.01sqkm adjoining the Hamad International Airport, targeting high value technology and manufacturing, regional and domestic logistics services.
Zone Two covers the development of about 11.95sqkm just south of the current Doha Industrial Area; and Zone Three is about 33.52sqkm adjoining the New Port Project, just south of Wakrah, focused on value added manufacturing including major sectors such as downstream metals, downstream petro-chemicals, maritime and other industries.
These zones will provide an ideal environment for the development of various industries with the following competitive advantages: Prime locations around Doha, leading edge infrastructure and services networks; synergy with existing/developing industrial and commercial players, such as the Messaied Industrial City, the New Doha Port, the new airport, the Doha Industrial City; and a professional business and administrative environment.
The EZC yesterday announced the appointment of Fahad Rashid Al Kaabi (pictured) as new CEO of the company to push forward the project.
“The State of Qatar is definitely poised to be among the world’s most modern societies. Economic Zone Company is among the key drivers of Qatar National Vision 2030.
“With a clear vision of becoming one of the region’s leading economic zones for ease of doing business and corporate governance structure, we will definitely provide the most efficient and sustainable economic zone commercial environment to support the business activities of clients and further attract more companies to set-up their businesses in Qatar Economic Zones,” Al Kaabi said.
The EZC is a shareholding company established by the Minister of Business and Trade under decision No. 272 in 2011. EZC is owned by the Qatari Government and it is represented by Small and Medium Enterprise Qatar. The authorised capital of EZC is QR5bn.
EZC is the main arm of Small and Medium Enterprise Qatar with regard to the management and development of economic zones allocated by the state. Its mandate is to develop an integrated plan for the development of special areas of existing and future projects, in line with development plans and goals of the state.
The Minister of Business and Trade H E Sheikh Jassem bin Abdulaziz Al Thani is the Chairman of the company.