As part of its strategy to focus on its core business in the oil and gas industry, Qatar Petroleum (QP) will hand over the management and operation of some of areas within its concession in the Mesaieed Industrial City to the Economic Zones Company Qatar (Manateq).
The handover, which will take effect on January 1, 2017, includes the Light Industries Area (east), Light Industries Area (west), Temporary Storage Area for gabbro and raw materials, Concrete Zone, and the Medium Industries Area.
QP president and CEO Saad Sherida al-Kaabi expressed pleasure at the move saying “it comes in line with QP’s strategy to focus on its core business activity and to entrust non-core business activities to specialised companies in their respective fields of expertise.”
Al-Kaabi said, “There are 200 existing projects in these areas, which constitute a major tributary to the industrial growth witnessed by the State of Qatar.”
He said, “These projects play a big role in diversifying the economy and in transforming Qatar into a regional centre for industrial activity and high value-added services as stipulated in the Qatar Vision 2030, the pillars of which guide Qatar Petroleum under the leadership of HH Sheikh Tamim bin Hamad al-Thani, the Emir of the State of Qatar.”
“We are confident that Manateq is the perfect strategic choice to manage these areas by virtue of its being a specialised company in the management and development of lands for various industries and logistical investments in the country,” al-Kaabi added.
The Light Industries Area (east) hosts some 114 construction and light industries; while the Light Industries Area (west) is dedicated to the heavy industry support services companies, as well as some other light industries.
The third area is the Temporary Storage Area for gabbro and raw materials such as cement and other building materials, which includes 58 companies.
The fourth area is the Concrete Zone, where construction industries, especially cement, are located; while the medium industries area hosts detergent, sulphur, fertilisers, organic materials, and acids products industries.
QP is responsible for all phases of the oil and gas industry in Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, refined products, synthetic fuels, petrochemicals, fuel additives, fertilisers, liquefied natural gas (LNG), steel and aluminium.
The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field.
Al-Kaabi: A big role in diversifying the economy.
