Qatar has allocated plots to private businesses within the logistics and warehousing sectors, in an effort to enhance the trade, logistic, and industrial sectors in the country.
The land in south Qatar allocated for logistics have been prepared ahead of schedule, the Ministry of Economy and Commerce (MEC) announced.
All the necessary preparations at the plots in the areas of Al Wakrah, Berkat Al-Awamer and Aba Al Salil have been accomplished in cooperation with Economic Zones Company, Manateq, the MEC's Technical Committee to Stimulate Private Sector Participation in Economic Development Projects explained in a statement.
The approved investments for the private sector in the projects amount to QAR29.2bn ($8bn), Gulf Times reported.
All the lease booking and lease contracts with the investors have been signed and include free, readymade designs for constructing storehouses of 1,000 to 2,000m², with the necessary final approvals from the departments concerned in place.
In addition, the committee is working to implement the associated infrastructure at all the areas within the designated time.
The allocated plots include 5% of the area for a commercial showroom, 6% for laborers’ accommodations, and 10% for administrative offices.
Scheduled for completion by mid-2018, the project aims to develop and operate the logistic areas ahead of FIFA 2022 World Cup, to ensure the maximum benefit of investment while enhancing the trade, logistic, and industrial sectors in the country.
The committee has urged investors to contact Manateq to receive the allocated plots, commence with the construction process through the Building Permits Complex at the Ministry of Municipality and Environment and to begin operation of the logistic areas by the middle of 2018.
Spread over 6,330,907m², the logistic areas project seeks to provide infrastructure and service facilities of a high caliber, which in turn is anticipated to reduce costs relating to storehouses and logistics services.