Qatar woos investors to logistic sector

June 18, 2014 - 1:52:40 am
The Minister of Economy and Trade, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani (centre); the Minister of Municipality and Urban Planning, H E Sheikh Abdulrahman bin Khalifa bin Abdulaziz Al Thani (second left); the Minister of Finance, H E Ali Sherif Al Emadi (second right); with the Deputy Chairman of Qatar Chamber of Commerce, Mohammed bin Ahmed bin Towar (left); and CEO of Al Manateq, Fahad Rashid Al Kaabi; attending a media briefing in Doha yesterday. Salim Matramkot

DOHA: Qatar’s public-private-partnership (PPP) initiative received a big boost yesterday with three key ministries inviting private players to invest in the country’s emerging logistic sector. The land is expected to be available for the potential investors on attractive rates.

The key decision was announced by H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, the Minister of Economy and Trade in the presence of H E Sheikh Abdulrahman bin Khalifa bin Abdulaziz Al Thani, the Minister of Municipality and Urban Planning; H E Ali Sherif Al Emadi, the Minister of Finance, Mohammed bin Ahmed bin Towar , Deputy Chairman of the Chamber of Commerce, Fahad Rashid Al Kaabi, CEO, Manateq (Economic Zone Company) and members of the Logistics Team, a special team mooted to look into the requirements of the country’s logistic requirements. 

Shiekh Ahamed said the new project is indented to strengthen the country’s warehousing and logistic sector and to close the possible gap in the supply demand gap of essential commodities and construction products. 

It is important for the growing Qatar to have large number of warehouses and better logistic facilities to create a better competitive business environment.

“The Ministry of Economy and Commerce is seeking through this project in collaboration with the Logistic Team to build suitable areas of storage with approved safe specifications and standards in order to fill the gap between supply and demand for storage services and secure logistics for effective private sector including small and medium enterprises at competitive prices. The initiative is expected to have a positive impact of Qatar’s inflation ration and would support positive economic growth, based on a study prepared by the logistics team.”

Fahad Rashid Al Kaabi said the Economic Zone Company will fully support the venture. The aim of the company is to provide support to private companies operating in the field of logistics, warehousing, construction and real estate development. 

Al Kaabi said three areas have been specially identified for the warehousing and storage projects, which is also expected to ease the traffic congestion and reduce the transportation costs of goods. The applications from the investors will be received from today. 

The Logistics Team was formed with an aim to prepare a comprehensive study of the requirements of the logistics sector, including policies of the partnership between the government and national companies and means of implementing these policies, through dialogue with the relevant authorities to explore ways to develop the logistics sector. 

The working team for the preparation of a study of the state requirements in the logistics sector was headed by the Ministry of Economy and Commerce and membership of representatives from the Ministries of Finance, Municipality and Urban Planning, Transport Works Authority, the Supreme Committee for Delivery & Legacy (Qatar 2022), and the Chamber of Commerce.

The Peninsula

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