The four new Manateq warehousing parks inaugurated Wednesday by HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani celebrates another milestone in the government’s drive to stimulate more economic and commercial activities in the state of Qatar, an official said.
The Prime Minister inaugurated the Bu Sulba, Bu Fesseela, Umm Shaharaine 1, and Umm Shaharaine 2 warehousing parks developed by Gulf Warehousing Company (GWC), Al Asmakh Real Estate Development, Dohatna Logistics Parks, and Barwa Real Estate Group, respectively.
In a ceremony held at the Bu Fesseela Warehousing Park, Manateq CEO Fahad Rashid al-Kaabi announced in the presence of the Prime Minister the completion of the facilities, which are under the supervision of the Technical Committee to Stimulate Private Sector Participation in Economic Development Projects led by its president, Khamis al-Mohannadi.
The completion of the landmark project is in line with the government’s thrust to encourage public-private partnerships (PPPs) in major projects and the contribution of the private sector in the state’s development projects.
In 2014, Manateq invited developers in the field of warehousing and logistics services to tender for the construction of the four warehousing parks. Following the tendering process, contracts for the project were awarded to the four developers on a build-operate-transfer (BOT) scheme.
In a speech, al-Kaabi said the newly-opened projects support Manateq’s vision to promote economic diversification in investments that add value to Qatar and underlines its mission to create a world-class business environment for local and overseas investors and help meet the Qatar National Vision 2030.
“The warehousing parks are set to become Qatar’s classic example of world-class logistic parks that reflect our trust in the private sector and its commitment to provide quality warehousing facility with the best of infrastructure, designs, construction quality and connectivity. Manateq will continue to be a catalyst for growth of a robust private sector in Qatar and thereby positively contribute in the economic growth of Qatar,” al-Kaabi said.
Al-Mohannadi said: “The project demonstrates our continued sustainable future growth for everyone by enabling companies to operate easily and flexibly, providing better access to developing markets and optimising resource consumption by providing ready-to-use warehousing options that meet all storage requirements, including food products, which in turn will ease the burden on investors, and supports the process of economic diversification in the country.”
He added: “This achievement translates the orientation Qatar adopts under the leadership of His Highness the Amir Sheikh Tamim bin Hamad al-Thani, the respected government and the instructions of HE the Prime Minister to create an attracting and stimulating business environment based on the partnership between the public and private sectors.”