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.