Qatars ports record healthy year-on-year growth in September

15/10/23

Qatars three main ports saw robust year-on-year growth in September 2023 according to figures released by Mwani Qatar. The positive momentum in the country’s maritime sector is expected to continue, especially for the country’s non-energy private sector, as indicated by the latest purchasing managers’ index of the Qatar Financial Centre.

Hamad, Doha and Al Ruwais ports saw an increase in cargo, livestock and building materials on a monthly basis during the review period. Furthermore, the number of ships calling into Qatars ports stood at 266 in September 2023, a 6.83% increase on a month by month basis. Hamad Port, which offers opportunities to move cargo towards the upper Gulf, saw as many as 145 vessels moored in the review period. During the first nine months of 2023, as many as 2,057 vessels docked in the three ports. The total general cargo amounted to 163,103 tonnes in September this year, showing a robust 23% expansion on an annualised basis.

Moreover, Hamad Port handled 159,538 freight tonnes of breakbulk due to its efficient transportation and logistics service. Furthermore, its intermodal transport network offers a direct and indirect shipping service to more than 100 local and foreign destinations. On a cumulative basis, the general cargo movement through the three ports amounted to 1.46 million tonnes during January-September 2023.

The container terminals have been designed to address the increasing trade volume, enhancing ease of doing business as well as supporting the achievement of economic diversification, which is one of the most important goals of the Qatar National Vision 2030.

Business Start Up Qatar offers a network of experts and specialists within the lifecycle of a business. We can offer expertise in Market Research and Assessment Qatar, Qatar Business Case, Qatar Business Model Development, Feasibility Study and Business Plan Qatar, Organizational and Operational Structuring Qatar, Qatar Sponsorship and Partnership, Company Formation Qatar among others.

Please click on the link to learn more about opportunities and possibilities in the State of Qatar as well as the initiatives of Business Start Up Qatar.

Other News

BSUQ News 50 - Thumb

Qatar focused on developing the healthcare sector

Qatar`s healthcare sector is expected to increase at a compound annual growth rate (CAGR) of 5.2 percent by 2028 according to data by Fitch Solutions.

Analysts predict such figures based on recently...

Read more
BSUQ News 49 - Thumb

Qatar's gateway for global talent: The Mustaqel Visa

Qatar is set to revolutionise its labour market with the launch of the Mustaqel Visa, a groundbreaking five-year renewable residency permit designed for international entrepreneurs, exceptional talents...

Read more
BSUQ News 48 - Thumb

Qatars 'Young Entrepreneurs Initiative’ empowers students

Qatars ‘Young Entrepreneurs Initiative’ aims to educate its students about leadership skills with the goal of chanelling energies and ideas to serve the society.

The initiative is a combined programme...

Read more
BSUQ News 47 - Thumb

Qatar Scholarship Programme to accept 100 new recipients

Qatar Scholarship Programme recently introduced 100 new scholarships at an event attended by The Education Above All Foundation (EAA) and the General Directorate of Endowments (Awqaf).

The event also...

Read more
BSUQ News 46 - Thumb

Qatars Construction market forecasts growth of 9.13%

Qatar’s construction sector is expected to be valued at QAR 354.7 billion (USD 97.4 billion) by 2029, reflecting a compound annual growth rate (CAGR) of 9.13 percent.

A recent report also predicted...

Read more
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

Page Break