Wednesday 28 September 2022

The multi-faceted logistics project will stretch across
more than 6 million sq m of land.

Qatar plans to launch massive logistics project

DOHA, July 16, 2015

Qatar has unveiled plans for the biggest industrial and logistic project in the southern part of the country featuring more than 1,850 plots stretching across 6.3 million sq m of land, a report said.

The project, which will feature assembling units, storage units, showrooms and shops, commercial offices, labour camps, workshops, warehouses , service centres and depots, will be developed in Al Wakra, Birkat Al Awamir and Aba Salil, reported The Peninsula.

An infrastructure network of roads, electricity and water connections, as well as a fire brigade, civil defence, vehicle parking, supermarkets and pharmacies will support the project, the report said.

The annual cost for investors will amount to QR40 ($10.9) per sq m, while the long-term lease contract will be for 30 years and rents will be required to be paid every six months.

About 950 plots ranging from 1,000 sq m to 2,000 sq m will be allotted to small investors, whereas medium investors will be offered plot ranging from over 2,000 sq m to 67,557 sq m.

The project was unveiled yesterday (July 15) by Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani, who said the project aims to diversify Qatari economy and encourage the private sector’s competitiveness, leading to  increased commercial activities.

The government plans to launch several mega projects to boost and diversify the national economy with the help of the private sector to reduce the country’s dependence on the hydrocarbons sector, the Prime Minister was quoted as saying in the report.

The project is near Hamad Port, Mesaeed Industrial Area and Orbital Road.

The committee will accept applications for investment from all investors from August 2 to November 9, the report said.

Tags: logistics | Qatar | Warehouse | small investors |

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