QNA/Doha
The Ministry of Economy and Commerce’s Logistics Committee and Manateq (Economic Zones Company) have signed a memorandum of understanding (MoU) with Qatar Islamic Bank to finance investors in the logistics areas.
The MoU was signed for the Ministry of Economy and Commerce by Manateq CEO and vice head of logistics committee Fahad Rashed Al Kaabi and QIB’s Wholesale Banking Group general manager Tarek Fawzi.
The Ministry said in a statement the largest logistics and industrial project aimed at promoting competitiveness in the commercial sector and encouraging the private sector to participate and contribute effectively to the National Development Strategy in accordance with Qatar
National Vision 2030.
The Manateq CEO underlined the role of national banks in economic development, deeming funding investors in these projects as significant step towards implementing and achieving the objective of the projects which aimed at diversifying Qatar’s economy.
Manateq is the leading developer and operator of specialised economic zones, logistic parks, and warehousing parks in Qatar. Manateq is focused on building and managing world-class infrastructure to facilitate industrial and service sector growth.
