Manateq to invest in industrial zones

26/11/20

The Economic Zones Company – Manateq has announced to invest more than QAR 10 bn (USD 2.75 bn) as part of a five-year plan for new projects and to develop the infrastructure in the industrial zones of the country. The plans are in line with the long-term vision to diversify the energy-rich economy into a well-developed and sustainable country by 2030.

The money will be spent on new industrial zones in Mesaieed, Al Khor, Al Ruwais and Al Karaana and to improve the basic infrastructure including water, electricity and sewer systems in the next five years. The investments are an addition to the existing and ongoing projects which are at different stages of completion.

It is the vision and mission of Manateq to create a business environment that allows and enables investors to deliver world-class products and services in the State of Qatar.

The new Mesaieed Industrial Zone in Mesaieed Industrial City (MIC), approximately thirty kilometres south of the capital, with the upcoming industrial complex will be a hub for primary building materials, petrochemicals, oil refining, chemical fertilisers and metallurgy and other sectors of the economy.

The industrial zones of Al Kaarana and Al Khor comprise logistics facilities with competitive rents and short-term lease contracts.

The Birkat Al Awamer Logistics Park is designed to attract investors, who are interested to develop their own facilities from warehouses and workshops, showrooms and offices to staff accommodation.

The zones administrated by Manateq have had a positive response from investors around the world.

Please click on the link and reach out to learn more about the logistics parks in the State of Qatar as well as the Economic Zones Company - Manateq and Business Start Up Qatar.

Other News

BSUQ News 44 - Thumb

Qatar records budget surplus of QAR 43 billion for 2023

Qatar`s Ministry of Finance recently revealed fourth quarter results led to a total budget surplus of QAR 43.1 billion (USD 11.84 billion) for the last fiscal year.

Data revealed that during the fourth...

Read more
BSUQ News 43 - Thumb

Qatar announces huge increase in North Field gas reserves

Qatar Energy has announced a new LNG expansion project, which will increase production capacity to 142 million tons per annum (MTPA).

Termed as the ‘North Field West’ project, completion is scheduled...

Read more
BSUQ News 45 - Thumb

Qatar offers expats high salaries and great standard of living

Qatar ranks among the most affordable tax free countries to relocate to in 2024, according to a recently published study.

The report noted that the State of Qatar has a [population of approximately...

Read more
BSUQ News 44 - Thumb

Startup Qatar Investment Programme launched for startups

Qatar Development Bank has announced the launch of its Startup Qatar Investment Programme, which provides funding and assistance to tech startups seeking to establish or expand operations in Qatar.

The...

Read more
BSUQ News 43 - Thumb

Qatar Islamic Fintech market to reach QAR 14.6 billion by 2027

Qatar’s Islamic Fintech market is projected to grow to QAR 14.6 billion (USD 4 billion) over the next three years, according to a recent Global Islamic Fintech (GIFT) report.

The report estimated...

Read more
BSUQ News 42 - Thumb

Qatar’s population hits 3 million as imports and exports rise

Qatars population reached the three million mark in January 2024, according to information released by the country`s Planning and Statistics Authority (PSA).

The exact population was recorded as 3,118,000,...

Read more
BSUQ News 41 - Thumb

Moody’s upgrades Qatar’s credit rating to AA2

Qatar`s credit rating has been upgraded to AA2 by Moody’s, who also revised the States outlook to stable based on Qatar’s positive financial metrics from 2021 to 2023.

Additionally, [the trusted...

Read more
BSUQ News 40 - Thumb

Qatar committed to protecting personal data in age of AI

Qatar Financial Centre (QFC) recently organised a seminar entitled “Data Protection in the Age of AI” which coincided with International Data Privacy Day.

The event was held in collaboration with...

Read more

Page Break