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Cabinet Go-Ahead for Non-Qatari Ownership & Use of Real Estate

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Cabinet Go-Ahead for Non-Qatari Ownership & Use of Real Estate THURSDAY MARCH 14, 2019 RAJAB 7, 1440 VOL.12 NO. 4573 QR 2 PARTLY CLOUDY Fajr: 4:29 am Dhuhr: 11:43 am HIGH : 26°C Asr: 3:07 pm Maghrib: 5:42 pm LOW : 19°C Isha: 7:12 pm MAIN BRANCH LULU HYPER SANAYYA ALKHOR Business 12 Sports 17 Doha D-Ring Road Street-17 M & J Building MATAR QADEEM MANSOURA ABU HAMOUR BIN OMRAN Qamco eyes long-term deal Attiyah leads top class Near Ahli Bank Al Meera Petrol Station Al Meera with top alumina suppliers field into MERC opener alzamanexchange www.alzamanexchange.com 44441448 AMIR CROWNS CAMEL RACE WINNERS Cabinet go-ahead for non-Qatari ownership & use of real estate Details to be out next week ‘A welcome move to support QNA DOHA Qatar’s diversification story’ The Amir HH Sheikh Tamim bin Hamad al Thani attended the final of the annual purebred Arabian Camel Festival on the sword THE Cabinet has approved a draft resolu- SATYENDRA PATHAK & HISHAM ALJUNDI of the Father Amir HH Sheikh Hamad bin Khalifa al Thani at Al Shahaniya racetrack on Wednesday. The Amir awarded the tion of the Council of Ministers determin- DOHA winners of the eight main events for camels older than seven years as well as the winners of the four main races (open) for the ing the areas and places in which non- camels older than seven years owned by sheikhs. Al Shahaniya camels dominated the four races, winning the golden sword, Qataris are allowed to own and use real THE Cabinet’s approval of a draft law on the regulation of golden shalfa and two golden daggers. The Amir also awarded the winners of the four main races for camels older than seven estate. non-Qatari ownership and use of real estate will go a long years owned by tribe members. The Amir awarded the owner of Al Sailiya camels Abdullah Said al Aida. The races and award The resolution is part of implementa- way in realising Qatar’s goal to diversify its economy away ceremony was attended by sheikhs, tribe members and fans. (QNA) tion of Law No. (16) of 2018 on the regu- from the hydrocarbon sector, financial experts and diplo- lation of non-Qatari ownership and use of mats have said. real estate. “The decision to allow ownership of real estate for non- The decision allows the owner- Qatari individuals, non-Qatari commercial companies ship of real estate for non-Qa- and real estate investment funds is a welcome Order to freeze tari individuals and non-Qa- move,” Doha Bank Group CEO R Seetharaman PM chairs first National tari commercial companies told Qatar Tribune. assets of local and real estate investment As 2022 FIFA World Cup comes closer, firm operating funds. Seetharaman said, the residential and commer- Tourism Council meet The Cabinet agreed to cial property sectors can witness more activity outside QFC designate 10 areas in which and reforms in right direction. QNA council’s employees and the tourism non-Qataris can own real es- “Encouraging non-Qatari investors to invest DOHA Qatar Central Bank DOHA sector in general. tate and to determine 16 areas in Qatar’s residential and commercial property has circulated an Enforce- The meeting approved the establish- for non-Qatari use of real estate sectors will also boost the country’s financial ment Order issued by the PRIME Minister and Minister of Inte- ment of a new department called Qatar for 99 years. sector as it would result in lending growth, increase Enforcement Judge at Qatar rior HE Sheikh Abdullah bin Nasser Events, responsible for the state’s annual The Cabinet also agreed to grant resi- in overseas fund flow and support Qatar’s diversification International Court against bin Khalifa al Thani on Wednesday plan regarding festivals, events, exhibi- dence to non-Qatari owners of real estate story,” he said. a local company operating chaired the first meeting of the Board tions, conferences, and other related for the purpose of housing or investment Indian Business & Professionals Council (IBPC) President outside the Qatar Financial of Directors of National Tourism throughout the period of ownership of Azim Abbas said, “As we all know Qatar is one of the few coun- Centre (QFC), requesting all tourism events in the country. real estate. It agreed to allow non-Qatari tries in the region to have transformed its economy to attract Council (NTC) for 2019. It also discussed the latest develop- banks in Qatar to comply The meeting, which discussed a ownership of residential villas within resi- professionals to seek employment and businesses opportuni- with the order. All banks ments in the international promotional dential complexes and to allow non-Qatari ties in the country.” and financial institutions number of organisational and market- campaign that aims to open up new ownership of shops within commercial He said expatriates’ dream of owning property in Qatar within Qatar asked to comply ing topics, adopted the organisational tourism markets and diversify the tour- complexes. has come one step closer to reality. “I am sure the decision by with the judgment delivered structure for the council’s transitional ism products in line with the goals of the A press conference will be held next the government to give non-Qataris a chance to own real es- against a local company period to develop the tourism experience national tourism sector strategy, and to week to explain the details in this regard. tate will grow the confidence of investors and will play a major registered outside the juris- The Cabinet meeting was chaired by role in the growth and development of Qatar,” Abbas said. and enhance the digital transformation. grow cruise tourism. The meeting also re- diction of QFC, freezing and The meeting also discussed the techni- Prime Minister and Minister of Interior viewed the achievements of the national Continued on page 2 Ô depositing the company’s fi- cal and institutional capabilities of the HE Sheikh Abdullah bin Nasser bin Khal- nancial assets in the state’s tourism sector strategy 2018-23. ifa al Thani. treasury. PAGE 12 Albania exempts In a first, Sidra Medicine Qatari citizens performs 2 paediatric Integrated public transport from entry visa epilepsy surgeries ticket system from 2020 DOHA Albania has exempted Qatari citizens, who intend to SIDRA Medicine has successfully per- travel to Albania, from obtaining formed two major neurosurgeries on a visa starting from April 1. This young epilepsy patients within a span was announced by an official of ten days. The surgeries mark another from the Department of Consular first in a series of medical milestones Affairs at the Ministry of Foreign achieved by the healthcare organisation Affairs. The decision is valid until in Qatar. PAGE 2 October 31, 2019. (QNA) QP acquires 12 exploration blocks in Morocco TRIBUNE NEWS NETWORK percent participating inter- “We hope that the explora- efforts to expand our portfolio he Ministry of Transport and Communications (MoTC) DOHA est and Qatar Petroleum and tion efforts are successful, and at home and abroad,” Kaabi Thas unveiled its Integrated Automated Fare Collection Morocco’s Office National des we look forward to collaborat- concluded. and Ticketing System for public transportation by signing QATAR Petroleum (QP) has Hydrocarbures et des Mines ing with our partners Eni and The Tarfaya Shallow Ex- the project contract with Gulf Business Machines Qatar in agreed with Italian oil major (ONHYM) with 30 percent ONHYM. I would like to take ploration Permit covers a total Eni to acquire a 30 percent and 25 percent, respectively. this opportunity to thank the area of 23,900 sq km in water partnership with MSI Global of Singapore. The new sys- participating interest in the “This agreement repre- Moroccan authorities and our depths of up to 1,000 metres. tem, which is expected to begin operation in 2020, pro- Tarfaya Shallow Exploration sents another important mile- partners for their support,” he The first phase of exploration vides a unified ticketing mechanism for public transport Permit, a series of 12 neigh- stone in our partnership road added. ending in 2020 will include within Qatar’s internal transportation network. The project bouring offshore blocks along map with Eni, and further “This opportunity is in line conducting geological and aims for the optimal use of computer technologies, the Atlantic coast of Morocco. strengthens our distinguished with Qatar Petroleum’s strate- geophysical studies with the advanced communications systems and smart e-payment The agreement, which is long-term relationship with HE Saad bin Sherida al Kaabi. gy to enter into exploration ac- objective of further defining systems that mirror latest developments in mobility and subject to regulatory approv- Morocco,” Minister of State tivities in frontier basins with potential prospects/leads and transportation industry. als from Morocco, will leave for Energy Affairs, President HE Saad bin Sherida al Kaabi high hydrocarbon resource assessing the full potential of PAGE 3 the operator Eni with a 45 and CEO of Qatar Petroleum said. potential as we intensify our the blocks. 02 Thursday, March 14, 2019 Contact US: Qatar Tribune I EDITORIAL I Phone: 40002222 I ADMINISTRATION & MARKETING I Phone: 40002155, 40002122, Fax: 40002235 P.O. Box: 23493, Doha. FM SENDS MESSAGE TO KUWAITI COUNTERPART News Cabinet’s nod to draft in brief law on waste treatment Khulaifi meets Iranian ambassador QNA solid waste; monitoring system DIRECTOR-GENERAL of Public Security HE Staff Major-General DOHA for the water quality of the ma- Saad bin Jassim al Khulaifi on Wednesday met with Ambassador rine environment; regulations of Iran to Qatar HE Mohamad Ali Subhani. During the meeting, a THE Cabinet, at its weekly for the transfer, as well as treat- number of issues of joint interest were discussed.
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