The logistics parks in the State of Qatar, combined with expanding road networks, are changing the way goods are being moved in the country.
The Economic Zones Company – Manateq has launched new lease plots for investors at the Birkat Al Awamer Logistics Park forty kilometres from Doha, twenty minutes from Hamad Port and close to Al Majd Road.
The 9.4 million square metre park – one of five logistics projects developed by Manateq – is designed for companies to build their own facilities. Comprehensive assistance will be available to allow them to build warehouses or workshops, commercial showrooms, offices and staff accommodation in one place. Typically, the plot sizes vary from 800 square metres to more than 20,000 square metres.
The investors in the Birkat Al Awamer Logistics Park will benefit from the proximity to Hamad Port and other important gateways such as the Umm Al-Houl Free Zone. The project is expected to appeal to companies in logistics, construction, food, aluminium production and distribution, stone and steel fabrication as well as multi-purpose storage operation.
The investors are required to prepare and provide a valid commercial registration and a business plan as part of their application which will be assessed by the Manateq Investment Committee.
In order to facilitate the solutions for investors in terms of financing or funding, Manateq has signed a memorandum of understanding with Qatar Islamic Bank (QIB). As part of the agreement, investors in Manateq’s four logistics parks – Jery Al Samur, Birkat Al Awamer, Al Wakra and Aba Saleel – are allowed to raise sixty percent of the project cost against land and personal guarantees from QIB.
In conclusion, the (logistics) services from storage to distribution in the logistics parks, their strategic location, road connectivity and easy access to airports and sea ports enable stakeholders to streamline supply chains and deliver goods in a faster, cheaper and more efficient manner.