Qatar’s National Vision defines the long-term goals for the country and provides a framework in which national strategies and implementation plans can be developed. Minister of Municipality H E Abdullah bin Hamad bin Abdullah Al Attiyah issued Ministerial Decision No. 123 of 2024 on Sunday reducing the rental value of the industrial zone lands affiliated with the Ministry compared to the rental value stipulated in the previous ministerial decision.
The new ministerial decision to reduce rent of industrial zone lands to 90% aims to achieve sustainable economic growth, improve market mechanisms, and competitiveness of local product, as part of the country’s ongoing efforts to achieve the Qatar National Vision 2030.
The decision supports activities on the lands of the industrial zone affiliated with the Ministry of Municipality, whether they are commercial, industrial, logistical activities or for workers’ housing purposes.
It stipulates reducing the rental value of lands allocated for commercial activities from QR100 to QR10 per square meter annually, recording by 90%. This is in addition to reducing the rental value of lands for logistics projects from QR20 to QR5 per square meter annually, and lands with an industrial license to QR5 per square meter annually, compared to QR10 previously.
Meanwhile, Ministry of Commerce and Industry (MoCI) in cooperation with the Ministry of Interior (MoI), launched the automatic renewal service for establishment registration via the Single Window platform. This service allows companies to obtain the updated establishment registration upon renewing the company’s license and commercial registration. This initiative is part of efforts to develop and facilitate services provided to entrepreneurs and companies, thereby accelerating their completion and contributing to promoting the investment and trade climate in the country.
Last week, Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Thani issued Ministerial Decision No. (60) for the year 2024, reducing the fees for services provided by the ministry to the commerce, industry and business development, and consumer protection sectors that reach up to more than 90% for certain fees. The ministerial decision aims to support economic growth in the country, encourage national and foreign enterprises, and create an attractive business environment for investment. The ministerial decision will take effect after it is published in the official gazette.
The annual fee for registration in the commercial register with one main activity has been changed from upto QR10,000 to QR500. The annual fee for renewal of registration in the commercial register with one main activity has been changed from upto QR10,000 to QR500 The decision to reduce service fees will support national enterprises and entrepreneurs, both individuals and companies.
