Doha: Manateq, the national initiative working to diversify Qatar’s economy by providing premium infrastructure within strategic logistics parks, has signed with Qatar’s Waseef Asset Management Company to provide facilities and rental management of all the commercial and residential assets in seven service hubs across all its logistics parks.
The agreement was signed at Manateq headquarters by Fahad Rashid Al Kaabi, Manateq CEO and Abdullah Jubara Al Rumaihi, Acting CEO of Barwa Real Estate Group and CEO of Waseef Asset Management Company.
As per the agreement, Waseef will now manage the rental affairs of all investors’ commercial and accommodation assets in the service hubs in Manateq’s Jery Al Summar, Birkat Al Awamer, Aba Saleel and Al Wakra logistics parks which are designed as gateways to fast-track economic diversity and business growth throughout Qatar and beyond.
“With the right partners we can succeed in contributing to long-term economic growth, and we believe that in Waseef Asset Management Company, we have a partner who can deliver further investor confidence to ensure that our service hubs will be enjoyable places to live, work and thrive. The award underlines our strong intent to provide sustainable business environments in which enterprises can prosper and grow supported by premium infrastructure and services for visitors and tenants alike.” said Manateq CEO, Fahad Rashid Al Kaabi.
“We are excited to work with Manateq on successfully activating these service hubs which will provide well-managed communities for the many staff who will work in the logistics parks,” said Abdullah Jubara Al Rumaihi, CEO of Waseef Asset Management Company. “We will bring to this contract our extensive experience gained through offering our services to 15 destination companies in Qatar and through which we manage over 3.6 million sqm in projects and we look forward to playing a role in delivering exemplary services to assets which are at the heart of Qatar’s national development ambitions.”
Manateq has designed the service hubs as thriving, showpiece communities. They will feature cafes and restaurants, supermarkets, money exchange services with ATMs, pharmacies and medical centres and a host of service operators including utilities providers, laundries, barber shops and tailors with ample parking throughout.
In all around 92 retail premises and 172 residential accommodation units are available for rent.
Manateq’s logistic parks have been designed to accelerate the economy by enabling businesses and SMEs to invest in a diverse range of sectors such as aluminium, steel, automotive, electronics, construction material, and food and beverage, by offering around 15 million square metres, distributed across Jery Al Samur, Al Wakra, Birkat Al Awamer and Aba Saleel, to promote economic diversification. The parks have been strategically planned close to Hamad Port and key gateways to offer logistics companies optimum connectivity to save transport time and cost.
