Investors’ applications sought for plots in logistics area project

Plots of land in the Jerri Al Samr logistics project in Umm Salal are now open for investors’ applications, the logistics committee at the Ministry of Economy and Commerce (MEC) announced yesterday.There are 21 plots of land in different areas offered for investment in storehouses and assembly and equipment plants, according to the MEC statement.The area will feature comprehensive infrastructure to be accomplished within 24 months at an estimated cost of QR133.25mn. It features a strategic location and offers extended lease contracts of 30 years, at QR900 per sqm over four instalments. The rental value covers costs and charges for maintenance, management and insurance.The logistics committee pointed out that application forms could be obtained from the offices of Manateq at The Gate Mall, Tower 2, Floor 10, or by mailing to tenders@manateq.qa, specifying the name of the company, applicant, telephone number and e-mail.The qualifying documents to be submitted with the application include the commercial registration of the investor, documents indicating the type of investment and its value, a clear work plan for the project, adequate documents that prove the financial capabilities of the company and a security cheque of QR1.5mn.The allocation process will be conducted through a draw, scheduled for April 19.