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Friday, June 18, 2021

Qatar to build new mega logistics hub to fuel private sector growth

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Logistics hub in south Qatar
Logistics hub in south Qatar

A massive logistics hub will be created in the south of Qatar, between Hamad Port, the Mesaieed industrial area and the truck orbital route to help bolster the country’s private sector, the prime minister has announced.

Qatar’s biggest industrial and logistics center will be developed across a 6.33 million square meter site covering 1,583 plots of land between Al Wakra, Birkat Al Awamir and Aba Sali, according to a statement in Arabic on QNA.

Services will include warehouse facilities such as specialist units for cold, frozen and dry storage; assembly units; commercial offices and showrooms; light industrial areas and logistics support; parking; maintenance workshops and service centers.

Logistics hub in south Qatar
Logistics hub in south Qatar

There will be zones for labor accommodation and community amenities, including a post office, police station, civil defense station, petrol station, a mosque, supermarket and pharmacies.

The scheme aims to support the ambition of diversifying Qatar’s economy from reliance on hydrocarbons, open up the commercial market and provide a support network to the private sector.

The timetable for the entire development remains unclear, but at least construction on at least one portion of it is expected to take 2.5 years. The first lot of plots expected to be handed over to investors by the end of 2016, according to details on one image.

Applications for investors for the entire scheme open on Aug. 2 until Nov. 9, the Ministry of Economy and Commerce said.

‘Regional hub’

Unveiling the plan yesterday, Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Qatar’s PM and interior minister, said the hub would help make Qatar a competitive regional hub for investment and logistics.

Logistics hub in south Qatar
Logistics hub in south Qatar

Qatar’s Emir has previously called for a way to resolve the nation’s storage issues and to come up with a plan to promote the economic and trade sectors.

Getting enough raw materials into the country and having sufficient storage facilities in order to build projects on time has often been cited as one of the biggest challenges to Qatar’s construction and infrastructure development.

Plans for the new development also include earmarking facilities for small and medium-sized businesses.

The Minister for Economy and Commerce Sheikh Ahmed bin Jassim bin Al Thani said that 951 plots of 1,000 to 2,000 square meters would be allocated for small investors, while plot sizes of up to 67,556 sq meters would be available for medium and large investors.

Rent would be fixed at QR40 per sq meter each year, with a long-term lease contract of 30 years. Rent would have to be paid every six months, at a “competitive price” to stimulate the growth of the private sector increase trade and curb inflation, QNA reports.

Logistics hub in South Qatar
Logistics hub in South Qatar

Masterplan images revealed for “parcel A” site at Al Wakrah show an area of 3.4 million square meters, worth QR1.2 billion. Artist’s renderings show landscaped areas with recreation facilities for workers, in addition to showrooms, warehouses and industrial areas.

The announcement follows the confirmation earlier this week that a joint venture between Qatar-based UrbaCon Trading & Contracting (UCC) and Spanish firm Sacyr has would lead a QR1.69 billion contract to develop a special economic zone near Hamad International Airport.

The zone will be built in Ras Bufontas as a warehousing and logistics hub next to HIA, just east of Al Wakrah Road. It will be 4.01 square km in size and the smallest of three planned special economic zones. SEZs aim to attract more investment, as well as creating jobs and boosting trade.

Thoughts?

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MIMH
MIMH
5 years ago

This is a good move and something Qatar deperately needs. Good planning.

Yacine
Yacine
5 years ago

Any middle class mega real estate project to help us fight the greed of landlords? It is good to think of the business people but it is better to think also of the ordinary people like us 🙂

Osama Alassiry AlMaadeed
Reply to  Yacine

LOL.

Yacine
Yacine
5 years ago

Yeah I know from a Qatari point of view the last thing the government should care about is expats…

Timo Daas
Timo Daas
5 years ago
Reply to  Yacine

Everyone suffers from the high rent prices.

Osama Alassiry AlMaadeed
Reply to  Yacine

I didn’t say that, I’m just laughing about the predictable off-topic comments…

This article was about a “new mega logistics hub to fuel private sector growth”, completely unrelated to individuals renting real estate from other individuals.

Saleem
Saleem
5 years ago
Reply to  Yacine

From an expat point of view, nobody suffers but them. Even Traffic accidents are racist occurrences that targets non-nationals…

Yacine
Yacine
5 years ago
Reply to  Saleem

Haha true for some but not me 🙂

Jordan
Jordan
5 years ago

Of course proper laws and support will come with the buildings I hope.

Akmal farah
Akmal farah
5 years ago

Qatar should build its reputation back.

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