CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Qatar

Manateq to offer huge investment opportunities

Published: 20 Nov 2018 - 08:35 am | Last Updated: 01 Nov 2021 - 09:20 am
Peninsula

The Peninsula

DOHA: The Economic Zones Company (Manateq) is set to open scores of new opportunities for businesses and investors, which are to be announced by early December. 

These future projects include 250 new plots of land located in several economic zones across the country: Jery Al Samur, Al Wakra, Birkat Al Awamer and Aba Saleel economic zones in front of investors, QNA reported yesterday quoting a senior official of the company.

This was revealed during a seminar hosted by Qatar Chamber to define the services provided by the company in terms of the development of industrial and commercial business. A number of Qatari businessmen and senior officials from Manateq attended the seminar.

During the event, Manateq’s Director of Business Development Adel Wali, presented Manateq’s goals, vision, achievements, and its future projects, and said that Manateq conducted a very inclusive study that shown that there is a need for 27 million square metres (million sqm) of land for the development of industries and warehousing facilities.

He noted that since its establishment Manateq has managed to provide 23million sqm of land for warehousing and 12 million sqm for industrial lands.

He also noted that the seminar aimed to communicate with local companies and investors and highlight the incentives provided by the company to support businesses and investors in the country. He said that Manateq’s vision focuses on promoting economic diversification in investments adding value to Qatar, while its mission aims to create a world-class business environment that enables domestic and foreign investors to deliver value added products and services to local, regional and international markets.

He also reviewed the most important developments in the logistics and industrial areas, which seek to provide facilities and storage solutions to reduce the cost of goods, which will help reduce inflation, in addition to providing an integrated land area on which the investor can build warehouses or workshops (for processing or assembly) with offices and housing for workers, where these lands are located in Jery Al Samur, Al Wakra, Birkat Al Awamer and Aba Saleel.

Jery Al Samur logistic park is established in an area of 748,000sqm, including 21 plots of land of various sizes ranging from 10,000sqm to 36,000sqm in sectors of food and beverage, global warehouses, auto tools and machinery, and construction materials.

Al Wakra logistic park is designed on an area of 3,732,457 sqm and includes 327 plots in the same sectors of Jery Al Samur.

Birkat Al Awamer logistic park is designed on an area of 4,154,880 sqm and includes 1368 plots in sector of assembly, heavy industry, aluminum & steel workshops, shipping services and marine equipment, and construction & building materials.

While Aba Saleel is designed on an area of 298298.37 sqm includes 1368 plots in sectors of electronics, printing, fashion & art, food manufacturing and warehousing.

Mesaieed Industrial Zone is established on an area of 12 million sqm. It is located south of Doha and next to Hamad Port, Um Alhoul Free Zone & Al Wakra Logistics Park. It targets sectors of concrete, construction materials, petrochemicals, plastics, metals, machinery, chemical & fertilizers and many other industrial clusters. 

Head of business development at Manateq confirmed that rental fees in the logistic areas were established on the basis of standards and calculated at QR40 per square metre per year or QR3 per square metre per month, and the industrial areas are priced at QR20 per metre per year and QR1.6 per metre per month.