Qatar is inviting private sector interested in establishing large beach resorts, under public private partnership (PPP) model.
In this regard, the Ministry of Commerce and Industry (MoCI), in association with National Tourism Council (QNTC), will unveil the investment opportunities on January 13, 2021 at the Doha Exhibition and Convention Center (DECC).
According to the MoCI, the investment opportunities aim at enhancing PPPs. These opportunities include establishing large beach resorts of various sizes in Ras Abrouq, Fuwayrit and Bin Ghannam.
This initiative comes within the framework of the State's efforts to achieve the Qatar National Vision 2030, aimed at consolidating economic diversification and supporting non-oil sectors, especially the tourism sector.
The tourism sector largely contributes to strengthening Qatar’s leading position as one of the most prominent tourist destinations regionally and globally.
The sector gains prominence in the light of Qatar gearing up to host the 2022 FIFA World Cup and Doha winning the bid to host the Asian games in 2030.
A new PPP Law No. 12 of 2020 was published on May 31, 2020 to regulate the operation of PPPs in Qatar, which has already been using a form of PPP structure to deliver projects in its water and power sectors, but has recently expanded the PPP model to other sectors.
Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani earlier said the PPP law would enhance the contribution of the private sector in the mega projects and in the economic activity in general.
The MoCI has invited investors wishing to attend the announcement of investment opportunities to register from December 31, 2020 until January 7, 2021, on www.moci.gov.qa/en/investor-registration
The QNTC has been entrusted with carrying out strategic industry planning and policy development; the development and implementation of a comprehensive plan to promote investment opportunities in the tourism sector; destination marketing and promotion for both leisure and business events; and the management of regulatory affairs, including the swift and efficient execution of all tourism licenses and similar services.
QNTC is actively seeking to attract the right investors to implement projects related to the tourism sector. These projects focus on the completion and expansion of existing facilities and attractive places and the creation of more jobs, in order to diversify and strengthen the tourism infrastructure and services in Qatar.
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