Al Kharsaah Solar Power Plant to Start Operations This Year
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Business WEDNESDAY 10 MARCH 2021 UDC wins global award for Corinthia Gewan Island Qatar Hotel This award is a massive vote of confidence in the iconic Corinthia Gewan Island Qatar Hotel which will be a flagship to modern hospitality not only within Qatar but also in the region. Ibrahim Jassim Al Othman, UDC President and Chief Executive Officer and Member of the Board BUSINESS | 03 QSE 10,117.84 +65.61 (0.65%) FTSE 100 6,730.34 +11.21 (0.17%) DOW 32,137.98 +335.54 (1.06%) BRENT $67.61 (-0.61) Al Kharsaah Solar Power Plant to start operations this year LANI ROSE R DIZON It will also provide nearly 10 percent of plan to explore platforms for operation THE PENINSULA our national power demand,” said Al on topics of mutual concern, including Meer. environmental health, waste man- Qatar’s 800 MW Al Kharsaah Solar The QR1.7bn Al Kharsaah Solar agement, as well as the application of Power Plant will start its operations this Power Plant, which was first announced artificial intelligence, civil, and environ- year, as the country’s first utility scale last year as part of Qatar’s commitment mental engineering,” Holtz added. solar power plant prepares to supply to host a carbon neutral World Cup, is About 1.5 million visitors are solar power for the upcoming Qatar expected to reduce 26 million tonnes of expected to visit Qatar during the World 2022 World Cup, an official has said. CO2 during its lifetime. During the first Cup. Eight world class stadiums will host Speaking at a webinar on ‘Carbon phase of the project, 350 MV is expected four matches a day, while the Doha Neutral World Cup 2022’ hosted by the to be connected to the grid by early 2021. Metro connects all five World Cup US Chamber of Commerce’s US-Qatar Also speaking during the event, stadiums. Business Program in partnership with Ambassador Greta Holtz, Chargé Al Meer added: “For the first time, the Qatari Embassy recently, Bodour Al d’Affaires at the US Embassy in Qatar, each stadium will have three types of Meer, Sustainability Director at the said events like Qatar’s carbon neutral green building certifications on design, Supreme Committee for Delivery and Our goal is to deliver an World Cup are critically important construction management, and oper- Legacy (SC), said Qatar has developed because they present windows of Events like Qatar’s carbon ations. We’re also planning to install air outstanding World Cup with a a unique hosting concept to deliver a opportunity to act locally but with global neutral World Cup are critically quality stations in all of our stadiums. World Cup like no other. human, economic, social, and impact. The stadiums have been designed to important because they present “Our goal is to deliver an out- environmental legacy for Qatar and She said: “Our various government consume 40 percent less water, and windows of opportunity to act standing World Cup with a human, eco- the region to support economic agencies, as well as our private sector with extensive use of recycled water. nomic, social, and environmental legacy enterprises stand ready to partner with locally but with global impact. The landscaping used in our stadiums for Qatar and the region to support eco- diversification and development. Qatar in the long term, and with our also require little to no water use”. nomic diversification and development. state-of-the-art, sustainable and inno- Al Meer went on to reiterate Qatar’s Ambassador Greta Holtz, Chargé We’ll have the Al Kharsaah Solar Power Bodour Al Meer, vative solutions. We are stronger strategic investment programmes to d’Affaires at the US Embassy in Qatar Plant, which is delivered by Siraj Energy Sustainability Director at SC together as we face the challenges of boost its food sustainability, as well as and the Qatar General Electricity & generating greater sustainability and the country’s growing waste generation Water Corporation (Kahramaa), being stemming the threat of climate change. and recyling sectors which are seeing switched on this year to cover the World one month is enough to cover all the “The 2020 PPP law which Qatar firms to expand and deepen their part- a growing number of public and private Cup. Energy generated at this plant in World Cup stadiums for one entire year. passed also provided a method for US nerships with Qatar. Qatar and the US ventures. `P2 Beema General Assembly Meeting approves 10% dividend THE PENINSULA — DOHA how to deal with such crisis and financing policies, audit mech- to achieve good results which anisms, risks and compliance. Damaan Islamic Insurance enabled it to face its The company also took the Company (Beema) held repercussions. necessary precautionary yesterday General Assembly In light of these good results, measures to protect the Meeting which was chaired by the Board of Directors recom- company to face the repercus- company’s Charman, Sheikh mends, in coordination with the sions of the coronavirus pan- Jassim bin Hamad bin Jassim Sharia Supervisory Board, a dis- demic, and made appropria- bin Jaber Al Thani. tribution of 7 percent in surplus tions and reserves to face emer- The Board of Directors of to policyholders, who had no gency risks, in addition to an approved dividend of 10 claim records in 2020, and appropriation for doubtful percent of the nominal share approved distribution of divi- debts. Officials of Beema during the virtual General Assembly Meeting. value. Addressing the share- dends to the shareholders with The company has adhered holders, Sheikh Jassim bin a rate of 10 percent, he added. to the requirements and prin- sincere thanks to the employees and the customers, policy- company’s management and its Hamad bin Jassim bin Jaber Al The Chairman said that the ciples of corporate governance of the Ministry of Commerce & holders, for their trust and con- employees for their dedication Thani said that last year was a Beema Company succeeded to in accordance with the prin- Industry and the Qatar Central tinuous support, and to and hard work. real test for Beema Company retain its leading position in the ciples of corporate governance Bank for and its ability to overcome the Qatari Takaful insurance - issued by the Qatar Central their sincere challenges posed by the out- market. Among the most prom- Bank. cooperation, break of coronavirus inent things the company did The Board of Directors Sharia’ pandemic. during 2020 was to activate the expressed its sincere gratitude Supervisory He said this pandemic has mechanisms and policies for and appreciation to H H the Board of the showed the experience and managing the company’s Amir, and H E the Prime Min- company for competence of Beema Board of investment portfolios, and to ister, for their support and its generous Directors, its executive man- continue updating the anti- encouragement to the company. guidance, agement and their success of money laundering and terrorist The Board also extend its shareholders Real estate trading volume reaches QR1.77bn QNA — DOHA 33 percent of total transactions were The data of the analytical real estate in Al Rayyan, 31 percent in Al Dhaayen The volume of real estate transaction bulletin issued by the Ministry during municipality and 15 percent in Doha in sales contracts registered with the February 2021 showed that the real municipality. real estate registration department at estate sector continues its steady The average price per square foot the Ministry of Justice during the month growth in various investment and for February 2021 ranged between of February 2021 amounted to QR QR705-773 in Doha, QR241-481 in Al 1.77bn. According to the data, 509 real commercial fields, thus continuing Wakra, QR321-414 in Al Rayyan, estate deals were registered during the strong and active trading QR228-473 in Umm Salal, QR275-463 February. movement that the sector is in Dhaayen, QR198-307 in Al Khor and The data of the analytical real estate witnessing during the recent period. Al Thukhaira, and QR141-210 in Al bulletin issued by the Ministry during Shamal. February 2021 showed that the real The trading volume revealed the estate sector continues its steady growth of Umm Salal, Al Wakra, Al Khor, Al registration of the highest value of ten in various investment and commercial Thakhira and Al Shamal. properties sold in February 2021, fields, thus continuing the strong and The value of the transactions of Al including four properties in Doha active trading movement that the sector Rayyan municipality amounted to municipality, 2 in Al Rayyan and Al is witnessing during the recent period, QR564m during the month, while that Dhaayen municipalities, and one in especially with the issuance of new laws of Doha municipality was QR482m. each of the Al Wakra and Umm Salal. and decisions related to real estate bro- The value transaction in Al Dhaayen Doha municipality recorded the kerage, real estate registration and own- reached QR435.98m, while that of highest number of mortgage transac- ership and utilization, as well as laws Umm Salal’s municipality was tions with 38 transactions, equivalent that attract domestic and foreign capital. QR146.87m and that of Al Wakra to 49.4 percent of the total number of These data also confirm the municipality stood at QR95.7m. mortgages, followed by Al Rayyan strength and durability of the founda- Al Khor and Al Thakhira munici- municipality with 21 transactions, tions of the Qatari economy and the pality recorded trading amounting to equivalent to 27.3 percent, Al Dhaayen continued growth of the real estate QR38.65m while that of Al Shamal with 11 transactions, equivalent to 14.3 sector as one of its main reached QR29m.