MEC starts delivering land to private investors
December 13 2016 09:42 PM
Manateq

Doha

The land allocated for the logistic areas at Al Wakrah, Berkat Al-Awamer and Aba Al Salil in the south of Qatar have been prepared ahead of the schedule, the Ministry of Economy and Commerce (MEC) announced. The approved investments for the private sector in the projects amount to QR29.2bn.

"All the necessary preparations at the plots have been accomplished in co-operation with Economic Zones Company, Manateq," the MEC's Technical Committee to Stimulate Private Sector Participation in Economic Development Projects explained in a statement.

All the lease booking and lease contracts with the investors have been signed. To make the process easy for minor investors, they have been provided readymade designs free of charge for constructing storehouses of 1,000- 2,000sqm.

These also include the necessary final approvals from the departments concerned, which would considerably save the time and efforts of the investors. In addition, the committee is working to implement the infrastructure at all the areas within the designated time.

The plots allocated include 5% of the area for a commercial showroom, 6% for labourers' accommodations, and 10% for administrative offices.

The project, scheduled to be accomplished by mid-2018, aims at the development and operation of the logistic areas, to guarantee the maximum benefit of such investments ahead of FIFA 2022 World Cup, and enhance the gains of the trade, logistic, and industrial sectors in the country.

The committee has called on the investors to contact Manateq to receive the allocated plots, start the construction process through the Building Permits Complex at the Ministry of Municipality and Environment and start operation of the logistic areas as specified by the middle of 2018.

The logistic areas project, spread across 6,330,907sqm, seeks to provide high-quality infrastructure and service facilities, which, in turn, is expected to reflect positively on costs pertaining to storehouses and logistics services. The approved investments for the private sector in these projects amount to QR29.2bn.

The category-wide investments are as follows: QR1.5bn for clothes and accessories, QR2.4bn for vehicles, garages and transportation, QR4.4bn for industries and food storage, QR1.9bn for electronics, QR870mn for central eateries, laundries and fodder storage, QR820mn for heavy equipment, QR3.4bn for contracting, QR760mn for cargo and marine equipment, QR890mn for medical storehouses, QR720mn for stationery, sports and home appliances, QR2.2bn for miscellaneous storehouses, QR2.5bn for chemical storehouses, QR4.2bn for factories and building materials, QR1.7bn for aluminium, carpentry, ironwork and marble workshops, and QR940,000 for furniture.



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