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Manateq to Invest QR10.3Bn in New Industrial

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Manateq to Invest QR10.3Bn in New Industrial Business THURSDAY 12 NOVEMBER 2020 NakilatN included in MSCI Emerging MMarkets Large Cap Index InI the midst of the current unprecedented challenging time, wew are very pleased to be included in the MSCI Emerging MarketM Large Cap Index. Eng.E Abdullah Fadhalah Al Sulaiti CChief Executive Officer of Nakilat BUSINESS | 02 QSE 10,119.69 -12.16 (0.12%) FTSE 100 6,382.10 +85.25 (1.35%) DOW 29,310.88 −110.04 (0.37%) BRENT$43.84 (+0.24) Your Global Remittance Partner Currency TT Rate Currency TT Rate Currency TT Rate Currency TT Rate QAR/INR : 20.10 QAR/PHP : 13.12 QAR/LKR : 50.40 QAR/BDT : 23.15 EUR/QAR : 4.46 GBP/QAR : 4.93 CAD/QAR : 2.90 AUD/QAR : 2.79 CHF/QAR : 4.23 SGD/QAR : 2.91 KWD/QAR : 12.10 OMR/QAR : 9.58 MAIN BRANCH LULU HYPER MARKET SANAYYA (STREET 17) AL KHOR PH: 44441448 PH: 44650768 PH: 44510088 PH: 44213444 MATAR QADEEM MANSOURA - AL MEERA ABU HAMOUR BIN OMRAN - ALMEERA PH: 44655559 PH: 44357552 PH: 44621271 PH: 44162002 alzamanexchange www.alzamanexchange.com 44441448 Manateq to invest QR10.3bn Al Sada conferred Order of in new industrial zones: CEO the Rising Sun by Japan MOHAMMAD SHOEB Kaabi told this newspaper over THE PENINSULA telephone. QNA — TOKYO This massive amount Al Kaabi added: “These The Economic Zones Company- of money will be projects include infrastructure HM Emperor Naruhito of Japan Qatar (Manateq) has announced spend on developing development in new industrial granted yesterday the Order of to invest over QR10bn in devel- zones in Mesaieed, Al Khor, Al the Rising Sun to former oping infrastructure in various basic infrastructure Ruwais logistics area and also Minister of Energy and Industry, industrial zones, the Chief Exec- facilities such as a part of Al Karaana industrial H E Dr. Mohammed bin Saleh utive Officer of Manateq, Fahad water, electricity and complex. Al Sada, who is also the former Rashid Al Kaabi, (pictured) told sewer system in new He said that during the Chair of the Japan-Qatar Joint The Peninsula in an exclusive meeting, senior officials of Economic Committee, at the interview, yesterday. projects over the next Manateq also discussed some Imperial Palace. This massive amount of five years. operational efficiency and stra- The Order of the Rising Sun money will be spend on devel- tegic modifications of the eco- was conferred on Al Sada in oping basic infrastructure facil- nomic zones company which is appreciation for his role in ities such as water, electricity and the meeting we discussed a lot overseeing the development and ensuring the success of the sewer system in new projects of items on the agenda of the operation of various logistics Japan-Qatar Joint Economic over the next five years. This esti- meeting, including our future parks, warehousing complexes, Committee, his role in devel- mated investment of QR10.3bn projects which are worth and industrial zones across the oping bilateral relations in the ($2.83bn) is new allocation, and approximately QR10.3bn,” Al country. These projects are part field of energy, ensuring stable does not include of the Qatar’s long-term vision supply of oil and gas to Japan Manateq’s other to transform and diversify the during his tenure, in addition to projects which are energy-rich economy into a his contributions to the success already under well-developed and sustainable of the LNG Producer-Consumer development or at society by 2030. Conference hosted by Japan. H E Dr. Mohammed bin Saleh Al Sada with officials during the event. the verge of com- “Manateq’s Annual Planning The official ceremony was pletion, said the Forum was held today. This year attended by HE Prime Minister granting him the Grand Cordon H H Sheikh Hamad bin Khalifa CEO of the state- was focused on “Providing Prac- of Japan Yoshihide Suga, a of the Order of the Rising Sun, Al Thani in adopting a balanced backed company. tical Solutions Towards Excel- number of Their Excellencies stressing that it was a tribute to an active diplomacy based on “Today we held lence”. The annual forum is an ministers and high-ranking the State of Qatar. He stressed mutual respect and enhancing our Annual meeting important part of Manateq’s Japanese officials, and Ambas- that the strong bilateral ties cooperation with friendly coun- and discussed the mission to create business envi- sador of the State of Qatar to between the two countries over tries in all fields.His Excellency five-year plan, ronment that enables investors Japan, H E Hassan bin many decades is a result of the praised the strong bilateral ties, which is in line with to deliver value added products Mohammed Al Emadi. vision and wise policies of Amir particularly in the field of the government’s & services,” said the company For his part, Al Sada H H Sheikh Tamim bin Hamad energy saying it played a big strategy and long- on its official twitter handle, yes- expressed his appreciation to Al Thani, as well as the estab- role in enhancing ties in all the term vision. During terday. `P2 the Japanese government for lished rules set by Father Amir other fields. Sale of Qetaifan Island North’s Phase 2 Villa Plots launched SACHIN KUMAR Qetaifan Island North. THE PENINSULA The project also “The demand for investment features 10 villas with in phase 1 of Qetaifan Island Sheikh Nasser bin Abdul beach views. The beach North reflects the position the Rahman Al Thani, Managing villas have access to a company has reached in the Director of Qetaifan Projects local real estate development and Vice Chairman of Katara 5-star operated beach market, indicating that the Hospitality, launched the sales which makes it an project represents a starting of the second phase of resi- innovative offering point for Qetaifan Projects dential villa plots, yesterday. launched for the first towards developing more Phase 2 Villa Plots consist of 51 time in the the Middle projects and serving various plots which include beach state sectors,” said Sheikh access villas, waterfront villas, East. Nasser bin Abdul Rahman Al and garden villas. The project Thani. also features 10 villas with Qetaifan Island North is part beach views. The beach villas success, we announce the sales Sheikh Nasser bin Abdul Rehman Al Thani (centre), Managing Director of Qetaifan Projects; Nasser of Lusail city, and features seven have access to a 5-star operated launch of Phase 2 Villa Plots, Hassan Al Ansari (left), Chairman of Just Real Estate, and Salman Jassim Al Darwish, Chairman and beaches, which makes it a dis- beach which makes it an inno- consisting of 51 plots including CEO of Al Boraq Automobiles, during the launch of Qetaifan Project Phase 2 Villa Plots sale at The tinctive waterfront for the city. vative offering launched for the beach access villas, waterfront Ritz-Carlton yesterday. PIC. ABDUL BASIT/THE PENINSULA The island spans 1.3 million first time in the the Middle East. villas, and garden villas,” said competitive prices, and Projects, and Nasser Hassan Director of Admares and other sqm, and the area of projects on “Given the high demand on Sheikh Nasser bin Abdul financing facilities for either Al Ansari, Chairman of the senior officials were also the island extends to approxi- Qetaifan Island North’s Phase 1 Rahman Al Thani addressing a owners or investors,” he added. Board of Directors of Just Real present during the event. mately 830,000sqm. villa plots, which was launched press conference held yesterday The press conference was Estate Company, and Salman During the conference, “We believe in the future of last year during Cityscape exhi- at The Ritz Carlton Hotel. also attended by Hesham Jassim Al Darwish, Chairman Qetaifan Projects signed a Qetaifan Island North and are bition after studying the market “We have launched a new Sharaf, Chief Operating and CEO of Al Boraq Automo- memorandum of understanding working hard and sincerely to and by offering competitive real estate product for the first Officer; Sheikh Nasser bin biles Co. W.L.L. Additionally with Al Boraq Automobiles, make the island a pioneering prices and payment facilities to time in the Middle East, which Abdulaziz Al Thani, Head of Eng. Jamal Al Kaabi, Board which includes the supply and touristic destination,” said owners and investors, and in is 10 villa plots with access to a Business Development Member of Qetaifan Projects, construction of electric charging Sheikh Nasser bin Abdul continuation of the company’s five-star operated beach, at Department at Qetaifan and Samer Malaeb – Regional stations for electric cars on Rahman Al Thani. P3 QFC to become new frontier in aircraft finance QSE clarifies on trading THE PENINSULA — DOHA developments in the aviation CEO, Aventicum MENA & that will make it more resilient volume of Mazaya Real Estate industry, the webinar partici- Frontier Markets and John Gould, to global challenges and the Qatar Financial Centre (QFC), a pants discussed current market Head of Aerospace, Logistics and private sector will no doubt play QNA — DOHA The company stated that there leading onshore financial and trends amidst the challenges of Maritime, QFZA, the thought- a critical role in this. We believe was no information or deci- business centre in the region, the COVID-19 outbreak. They provoking webinar showcased that the QFC provides a compet- Qatar Stock Exchange (QSE) sions that were not yesterday highlighted the stra- also identified key factors the conclusions of the latest itive alternative environment clarified yesterday that the disclosed. tegic role of the aviation required boost growth in the reports on the suitability of the from which players in the air- “Mazaya Real Estate Devel- QSE noted that Mazaya Real industry as an integral aircraft finance and leasing QFC’s Tax and Legal Regime for craft industry can grow their opment” has affirmed that Estate Development affirmed component of the global sector noting the QFC’s com- aircraft financing and leasing.
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