Amir orders incentives worth QR 75bn for private sector; Incoming flights suspended but Qatari nationals can enter
March 16 2020 12:04 AM
His Highness the Amir Sheikh Tamim bin Hamad al-Thani
His Highness the Amir Sheikh Tamim bin Hamad al-Thani

*All incoming flights suspended except for cargo and transit
*All public transport, including metro and Karwa buses stopped
*Staff above 55 and those with chronic diseases can work from home
*Banks to postpone repayment of loan installments
*Govt funds to increase investments in stock exchange by QR10bn
*Qatar Central Bank to provide additional liquidity to banks
*Food, medical goods exempted from customs duties for 6 months
*Select sectors exempted from paying electricity, water charges for 6 months

Intensifying its fight against the novel coronavirus (Covid-19), Qatar on Sunday announced a slew of measures including stopping all incoming flights from March 18 for two weeks, suspending public transport services with immediate effect and a mega financial package of QR75bn to support the private sector.

Presiding over the Supreme Committee for Crisis Management meeting that reviewed Qatar's preparedness to combat the spread of the new coronavirus (Covid 19), His Highness the Amir Sheikh Tamim bin Hamad al-Thani ordered to initiate a set of decisions and measures to help people lead a normal life.

“The Supreme Committee for Crisis Management, chaired by His Highness the Amir Sheikh Tamim bin Hamad al-Thani has decided to adopt a number of decisions and packages. They include educational, financial and transport initiatives that will help all sectors of the society,” announced HE Lolwah Rashid AlKhater, Assistant Foreign Minister and Spokesperson for the Ministry of Foreign Affairs, at a press conference on Sunday.

“As per the decisions, all inbound flights to Qatar will be stopped as of March 18 for two weeks, except transit flights, cargo flights and flights carrying Qatar nationals from other countries. We will review the situation at the end of two weeks and appropriate decisions will be taken depending on the prevailing situation then,” stated AlKhater.

“Certain groups of people- employees over the age of 55, pregnant women, and people suffering from chronic diseases such as diabetes, heart and kidney disease, and stress- will be allowed to work from home,” she said.

“All public transport, both Karwa and Doha Metro is stopped from 10pm Sunday (March 15) until further notice. All the public, private and university students will begin distance learning from Sunday. The 12th grade students of public schools will sit exams on time and at the exams headquarters, which will be announced later,” she said.

HE AlKhater noted that the most important announcement is the financial package with a number of provisions to boost the private sector. “Qatar has decided to inject QR75bn into the private sector which no other countries have done so far. The government will also put in QR 10bn into the stock market. The Qatar Central Bank will provide additional liquidity to banks operating in the country and the banks will postpone loan installments and obligations of the private sector for a grace period of six months,” she explained.

The Qatar Development Bank (QDB) is to postpone the installments for all borrowers for a period of six months.

The official also announced that food and medical goods will be exempt from customs duties for a period of six months, provided that this is reflected in the selling price to the consumer. “A number of sectors will be exempt from electricity and water charges for a period of six months. They include, hospitality and tourism sector; retail sector; small and medium industries sector; commercial complexes, in exchange for providing services and exemptions to tenants, as well as logistics areas,” she pointed out.

The official added that the logistical areas and small and medium industries will be exempted from rent for a period of six months.

HE AlKhater urged everyone to avoid travel and cooperate with the directives given by the health ministry and other authorities to fight the spread of Covid-19 in the country.

Qatari students studying abroad have been advised to adhere to the policies of the host countries and to approach Qatari embassies in case of urgent needs.

Citizens and residents are both urged to avoid travel during the coming period.

Assistant Undersecretary for Trade Affairs at the Ministry of Commerce and Industry Saleh al-Khulaifi and co-chair of the National Epidemic Preparation Dr Abdullatif al-Khal, who is also Head of the Infectious Diseases Division at Hamad Medical Corporation, and Director of Health Protection and Communicable Disease were also present at the press conference.

HE AlKhater said among the steps taken by the government to fight the spread of the virus include cancellation of public gatherings -- both social and sports.

Dr al-Khal said most of the new 64 Covid-19 cases were expatriate workers.

He said all infected cases are in very good health.

With regard to economic decisions, al-Khulaifi said that the implementation of the decisions will start from the date of their issuance.



Last updated: March 16 2020 12:22 AM


Image
Waldi

Monday، 16 March 2020 12:38 AM

Dear Mr. Joseph Varghese, RE: *Banks to postpone repayment of loan installments* Does this include the expatriates postponement of repayment of loan installments or is this just for only for private sector? Please advise. Thank you.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
MORE NEWS

HAPPENING IN DOHAMore