DOCSLIB.ORG

Qatar Market Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Qatar Market Report QATAR MARKET REPORT February 2021 Prepared by Innovation Norway Middle East Page | 0 Skyline of Doha Photo by Florian Wehde on Unsplash (modified) EXECUTIVE SUMMARY Qatar is well known as a small but wealthy nation in the Middle East. Its economy is built around its vast natural gas resources and up until recently have been heavily dependent on the other gulf states for supply of consumer goods, food, etc. The country aims to transform itself into a knowledge- based economy by 2030. However, Qatar’s economy is still heavily driven by government and quasi- governmental entities. In 2010, Qatar won the bid to host the FIFA World Cup 2022 which is planned to take place in November – December 2022. The event is expected to attract 1.5 million international visitors and over four billion television viewers. In 2017, Saudi Arabia, the UAE, Bahrain, and Egypt imposed an economic and political blockade on Qatar, forcing the country to rethink the policy regarding its own economy structure and attractiveness for foreign company establishment and investment. After more than 3 years of boycott, in January 2021, the GCC states signed a “solidarity and stability” agreement in Al-Ula Summit that was followed by announcements of restoring relations with Qatar from the four Arab countries. Following the start of blockade in 2017, the government of Qatar accelerated its efforts to diversify its economy through several initiatives and increase self-sufficiency on food sector. Also, some initiatives were launched to attract foreign investment and ease up the business environment. Doha intends to become a leader in relation to business and foreign investment environment and is constantly working to challenge the UAE’s (Dubai) position as regional business hub. Until recently, Norway had a stronger footprint in Qatar through joint ventures with Qatar Petroleum – QAFCO (Yara) and Qatalum (Norsk Hydro); in 2020 Yara sold its stakes in QAFCO. Nevertheless, a fair number of Norwegian companies, either directly or indirectly, are servicing or supplying projects in Qatar. Still, we are noticing increasing interest from Norway towards Qatari market. Usually, the most successful foreign companies in Qatar are those that have some sort of presence in the country. Therefore, for Norwegian companies to succeed, their commitment, continuous presence, and understanding the market synergies are some of the most important elements. The most promising opportunities for foreign companies in Qatar remain within Energy, Infrastructure, ICT, Food value chain, Healthcare, and Defence in the short to mid-term. Innovation Norway assesses Oil & Gas value chain, Maritime, Aquaculture, Agri-tech, and Smart cities solutions (Digital technologies) to be the most relevant areas for Norwegian companies’ engagement. The most significant opportunities seem to be within Qatar Petroleum’s North Field Expansion plans, its huge LNG ship orders, and Qatar’s quest for food security. As the country prepares for the FIFA World Cup 2022, with major infrastructure projects close to their end, digitalization, cyber security, and smart solution remain highly relevant for Qatar’s market. Nevertheless, upcoming domains of Blue/Green Hydrogen, Carbon Capture and Storage, Circular Economy, and Fin-tech are fast arriving, which comparably can be of interest. This report intends to provide a general introduction for those interested in conducting business in Qatar. It should not be taken as comprehensive and definite advice. It is important to note that Qatar is a dynamic market and regulations may change constantly. Therefore, we advise to obtain professional assistance when evaluating the market. This report is updated with available data as of Q4 2020. Largest upcoming projects in the most relevant sectors can be found in the appendices. Page | 1 TABLE OF CONTENTS Executive Summary ............................................................................................................................................. 1 Country Overview ................................................................................................................................................ 3 Qatar Economy .................................................................................................................................................... 4 Overview .......................................................................................................................................................... 4 Human Development and Unemployment ..................................................................................................... 6 Competitveness and Ease of Doing Business .................................................................................................. 7 Corruption ....................................................................................................................................................... 7 Protection of Intellectual Property .................................................................................................................. 8 Qatari Market ...................................................................................................................................................... 8 Overview .......................................................................................................................................................... 8 Soft Issues and Challenges .............................................................................................................................. 8 Ways to do Business in Qatar ........................................................................................................................ 10 Legal system & Disputes solution .................................................................................................................. 14 Employment .................................................................................................................................................. 15 Qatarization & Localization Programs ........................................................................................................... 15 Tax regime ..................................................................................................................................................... 16 Investment Incentives ................................................................................................................................... 17 Relevant Sectors ................................................................................................................................................ 17 Petroleum Industry ........................................................................................................................................ 19 Maritime ........................................................................................................................................................ 24 Food Security and Food Production .............................................................................................................. 28 Smart Cities .................................................................................................................................................... 30 Other Areas ................................................................................................................................................... 31 Conclusions & recommendations ...................................................................................................................... 32 Appendices ........................................................................................................................................................ 34 Page | 2 COUNTRY OVERVIEW Qatar is an independent constitutional emirate on the west coast of the Persian Gulf. It occupies a small desert headland that extends northward from the larger Arabian Peninsula. The land has been continuously but sparsely inhabited since prehistoric times. Qatar only shares land border with Saudi Arabia. The country is divided into 8 municipalities: Al Shamal, Al Khor, Al Sheehaniya, Umm Salal, Al Daayen, Doha, Al Rayyan and Al Wakrah. Its capital, Doha, is located on the eastern coast and home to most of country’s inhabitants. Qatar is a member of Gulf Cooperation Council (GCC) and like other GCC states its population is dominant by expatriates (mostly from India, Bangladesh, Nepal, and Egypt).1 Arabic is its official language and English is widely spoken. State of Qatar Capital Doha Population ~2.7 million Area 11,586 km2 Ethnic composition Qatari 11.6% (2015 est.) Non-Qatari 88.4 Arabic (official) Languages English (widely spoken) Muslim (official) 68% Religions (2015 est.) Christian 14% Hindu 14% Female: 81.9 years Life expectancy (2018) Male: 79 years Literacy 93.5% Qatari Riyal (pegged to US Dollar) Currency 1 QAR = 3.64 US$ Source: The World Factbook / Britannica Source: CIA Maps Ruled by the Al Thani family since the mid-1800s, Qatar within the last 60 years transformed itself from a poor British protectorate mainly noted for pearling into an independent state with significant oil and natural gas revenues. After announcement of Britain’s plans to withdraw from the gulf, Qatar, together with Bahrain, was part of negotiations with neighboring sheikhdoms - now comprising the United Arab Emirates (UAE) – to form a federation. However, due to some disputes Qatar withdrew from the original plan and declared
Load more

Recommended publications
  • QU Among Top 350 Varsities Worldwide in the World University
    02 Thursday, September 3, 2020 Contact US: Qatar Tribune I EDITORIAL I Phone: 40002222 I ADMINISTRATION & MARKETING I Phone: 40002155, 40002122, Fax: 40002235 P.O. Box: 23493, Doha. Quick read FM, US President’S senior adVisor disCuss ties Governor, mayor of Beirut meet Deputy Prime Minister and Amir congratulates Minister of Foreign Affairs HE president of Vietnam Sheikh Mohammed bin Ab- Qatar’s envoy, review damages dulrahman Al Thani met with THE Amir His Highness Senior Advisor to US President Sheikh Tamim bin Hamad Al Jared Kushner in Doha on and losses from port explosion Thani on Wednesday sent a Wednesday. During the meet- QNA The governor and the mayor of Beirut cable of congratulations to ing, they reviewed bilateral rela- DOHA also hailed the humanitarian role played President of Vietnam Nguyen tions between the two countries by Qatar at this time of crisis by sending Phu Trong on his country’s and other issues of common GOVERNOR of Beirut Judge Marwan medical and relief aid. Independence Day. (QNA) concern. The foreign minister Abboud and Mayor of Beirut Munici- Qatar’s ambassador to Lebanon also affirmed Qatar’s position that pality Eng Jamal Itani separately met met with Secretary-General of the High Deputy Amir calls for a just settlement of with Ambassador of Qatar to Leba- Relief Commission Major-General Mo- congratulates the Palestinian issue on the non HE Mohammed Hassan Jaber Al hammed Khair. basis of international legitimacy Jaber. During the meeting, Khair praised Vietnamese president resolutions and the Arab Peace During the meetings, they reviewed the aid and the great support provided THE Deputy Amir His High- Initiative and on the basis of the losses and damages to the buildings, by Qatar to the Lebanese people amid the ness Sheikh Abdullah bin the two-state solution in a way institutions and homes of citizens follow- ordeal faced by them following the port Hamad Al Thani on Wednes- that promotes security and ing the port explosion in Beirut, as well disaster.
    [Show full text]
  • Page 01 Nov 27.Indd
    ISO 9001:2008 CERTIFIED NEWSPAPER Golden decade for petrochemicals industry Business | 21 Thursday 27 November 2014 • 5 Safar 1436 • Volume 19 Number 6262 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Ministry survey Qatar win Gulf Cup on work habits sparks debate We are hardworking, say citizens DOHA: An official survey have the household and children suggesting that Qataris spent to take care of. much less time on income-gen- Meanwhile, a senior offi- erating activities has kicked cial from the Ministry of up a row, prompting the Development Planning and planning ministry to issue a Statistics, said at a news briefing clarification. yesterday that the lower average Some public representatives working hours mentioned in the objected to the survey whose survey were the average for the findings on Monday said the country’s entire population and average Qatari spent barely a not for Qataris alone. few hours a day on income-gen- Economically active Qatari erating activities. men on average actually spend If Qataris didn’t work hard, eight hours and 11 minutes Qatar wouldn’t be where it is a day on income-generating today in terms of economic and activities and this average was social advancement, said a public seven hours and 26 minutes for representative. (economically active) Qatari Qatari players celebrate with the Gulf Cup trophy after defeating Saudi Arabia 2-1 in the final of the 22nd edition of the tournament at the King Mohamed bin Ali Al Athba, women. Fahad Stadium in Riyadh yesterday.
    [Show full text]
  • District Energy Space2014
    ■■ North America District Energy Space 2014 Spotlighting Industry Growth More than 120 million square feet reported District■■ North America Energy Space 2014 Industry Growth around the World Dedicated to the growth and utilization of district energy as a means to enhance energy efficiency, provide more sustainable and reliable energy infrastructure, and contribute to improving the global environment. Established in 1909, the International District Energy Association (IDEA) serves as a vital commu- nications and information hub for the district energy industry, connecting industry professionals and advancing the technology around the world. With headquarters just outside of Boston, Mass., IDEA comprises over 2,000 district heating and cooling system executives, managers, engineers, consultants and equipment suppliers from 23 countries. IDEA supports the growth and utilization of district energy as a means to conserve fuel, increase energy efficiency and resilience, and reduce emissions. The publication of District Energy Space has become an annual tradition for the International District Energy Association since 1990. Each year, IDEA asks all of its member systems in North America (compilation initiated in 1990) and beyond North America (compilation initiated in 2004) to provide information on the number of buildings and their area in square feet that committed or recommitted to district energy service during the previous calendar year. This issue compiles growth that was reported for the calendar year 2014, or previously unreported for recent years. To qualify for consideration in District Energy Space, a renewal would have to be a contracted building or space that had been scheduled to expire and was subject to renewal under a contract with a duration of 10 years or more.
    [Show full text]
  • Qatar's Win-Win Energy Project
    Qatar’s Win-Win Energy Project An Interview with Adel Ahmed Albuainain, General Manager, Qatar, Dolphin Energy Limited of the Gulf Cooperation Council (GCC). Dolphin highness sheikh hamad bin Khalifa al-thani, the Energy will be a leading and reliable supplier of emir of Qatar; his highness sheikh Khalifa bin clean energy in a socially responsible manner. zayed al-nahayan, president of the UAE and ruler Dolphin Energy will support the development of of abu dhabi; his highness sheikh mohammed substantial long term new industries throughout bin zayed al-nahayan, the crown prince of abu the region creating sustainable wealth, economic dhabi; and his highness sheikh hamdan bin growth and employment opportunities for the cit- zayed al-nahayan, deputy UAE prime minister izens of the region far into the future. and dolphin chairman. many senior ministers of the Qatar government, and representatives of What is the strategic vision for Dolphin Qatar petroleum and our shareholders, mubadala Energy, and what are its plans for the develop ment company, total, and occidental future? petroleum, were also present. our policy involves every step of the Upon completion, how will the Dolphin dolphin value chain: gas production offshore Gas Project impact the economies of Qatar, from Qatar, in our 24 wells; processing of the UAE, and Oman? gas onshore at Qatar’s ras laffan; extraction and the dolphin gas project was created in sale of valuable by-products, such as conden- 1999, when senior officials of the UAE emir- sate and liquefied petroleum gas; transport of ate of abu dhabi began to discuss with the the processed gas through our export pipeline state of Qatar the possible joint development of Adel Ahmed Albuainain across the southern gulf; and the distribution of Qatar’s extensive offshore gas reserves.
    [Show full text]
  • KPMG Real Estate and Infrastructure Monthly Pulse
    KPMG real estate and infrastructure monthly pulse 7 August 2018 Dear all, For any enquiries, please We are pleased to share the latest issue of the KPMG real estate and contact: infrastructure monthly pulse with you. This edition summarizes news articles about the sector in Qatar in July, helping you to stay connected with new and ongoing developments. Real estate Real estate transactions between June 24 to June 28, stood at QAR470 million. Most trading took place in Doha, Umm Salal, Al Rayyan, Al Daayen, Al Shamal, Al Khor, Al Thakhira and Al Shahaniya. Read more Venkatesh United Development Company (UDC) announced another Krishnaswamy milestone in the development of Al Mutahidah Towers, with the Partner, Deal Advisory construction of a bridge connecting the two towers on the 12th KPMG in Qatar floor, at a height of 60m. Read more D: +974 4457 6451 M: +974 5554 1024 Tourism and hospitality T : +974 4457 6444 Qatar’s hospitality sector has made great strides in the past 5 [email protected] years. Ministry of Development Planning and Statistics (MDPS) data shows that the number of hotel rooms has grown by around 64 percent from 13,577 in 2013 to 22,288 in 2017, while the number of hotels has grown by around 30 percent, from 83 in 2013 to 108 in 2017. Read more Hamad International Airport served 7.8 million passengers in the second quarter of 2018, with June being particularly busy, with year-on-year growth of 12.56 percent in passenger figures and 8.9 percent in aircraft movements.
    [Show full text]
  • Experience Record Important Completed Projects
    EXPERIENCE RECORD IMPORTANT COMPLETED PROJECTS Ser. CONTRACT DATE VALUE OF REF . NO . NAME OF PROJECT CLIENT'S NAME CONSULTANT LOCATION No STRART FINISH PROJECT / QR Artline & James Cubitt & 1 J/149 Masjid for H.E. Ghanim Bin Saad Al Saad Awqaf Dept. Dafna 12‐10‐2011/31‐10‐2012 68,527,487.70 Partners Road works, Parking, Landscaping, Shades and Development of Al‐ 22‐08‐2010 / 21‐06‐2012 2 MRJ/622 Jabel Area in Dukhan. Qatar Petroleum Qatar Petroleum Dukhan 14,428,932.00 Road Improvement Works out of Greater Doha Access Roads to ASHGHAL Road Affairs Doha, Qatar 48,045,328.17 3 MRJ/082 15‐06‐2010 / 13‐06‐2012 Farms and Villages, Contract No. IA 09/10 C89G Construction and Upgrade of Emergency/Approach Roads to Arab 4 MRJ/619 Qatar Petroleum Atkins Dukhan 27‐06‐2010 / 10‐07‐2012 23,583,833.70 D,FNGLCS and JDGS within Dukhan Fields,Contract No.GC‐09112200 Aspire Zone Foundation Dismantling, Supply & Installation for the 01‐01‐2011 / 30‐06‐2011 5 J / 151 Aspire Logistics Aspire Logistics Aspire Zone 6,550,000.00 Tower Flame Image at the Sport City Torch Tower in Aspire Zone Extension to be issued Design, Supply, Installation.Commission and Testing of 6 J / 155 Enchancement and Upgrade Work for the Field of Play Lighting Aspire Logestics Aspire Logestics Aspire Zone 01‐07‐2011 / 25‐11‐2011 28,832,000.00 System for Aspire Zone Facilities (AF/C/AL 1267/10) Maintenance of Roads Within Al Daayen Municipality Area (Zones 7 MRJ/078 Al Daayen Municipality Al Daayen 19‐08‐2009 / 11‐04‐2011 3,799,000.00 No.
    [Show full text]
  • LUSAIL Rising from the Heart of the Arabian Peninsula, Qatar Has Become a Beacon of Sustainable and Continuous Growth Over the Past Two Decades
    MAISONS BLANCHES LUSAIL Rising from the heart of the Arabian Peninsula, Qatar has become a beacon of sustainable and continuous growth over the past two decades. Led by an ambitious Vision 2030, the country offers unparalleled investment opportunities. And with the World Cup 2022 in its sights, the future is progressively looking brighter for Qatar. It has become the oasis that promises to quench the thirst of thinkers, dreamers and investors. Qatar is an international hub connected to the rest of the world through the Hamad International Airport QATAR where business and lifestyle merge into one cohesive environment, a place that moves ahead of the time, but one that remains always true to its heritage and identity. Major projects currently under development such as Lusail City and Qatar Rail will play a significant role in further boosting the country’s position as a global leader in the fields of urban architecture and property Where Luxury is Reinvented development. Maisons Blanches - Lusail Qatar’s ambitious vision to build a new, sustainable city that reflects its modern times resulted in one of the most grandiose projects today: Lusail City. Lusail City, located on the coast, in the northern part of the municipality of Al Daayen, is a city built for the future, introducing a modern, contemporary lifestyle while embracing the environment. The city is expected to accommodate up to 260,000 people and is a key attraction as part of Qatar’s 2022 FIFA World Cup. Lusail City is only 15 km away from the centre of Doha, and will be connected to the capital via the Qatar Rail LUSAIL CITY project, making commuting between the two cities convenient and efficient.
    [Show full text]
  • Country's Biggest Automated Abattoir Begins Operations
    QatarTribune Qatar_Tribune QatarTribuneChannel qatar_tribune WEDNESDAY JANUARY 15, 2020 JUMADA AL-AWWAL 20, 1441 VOL.13 NO. 4843 QR 2 Fajr: 5:01 am Dhuhr: 11:43 am Asr: 2:45 pm Maghrib: 5:06 pm Isha: 6:36 pm MAIN BRANCH LULU HYPER SANAYYA ALKHOR Business 9 Sports 12 Doha D-Ring Road Street-17 M & J Building QNB’s 2019 net profit On a wing and a prayer: PARTLY CLOUDY MATAR QADEEM MANSOURA ABU HAMOUR BIN OMRAN HIGH : 22°C Near Ahli Bank Al Meera Petrol Station Al Meera jumps 4 percent to Qatar brace for crucial LOW : 14°C alzamanexchange www.alzamanexchange.com 44441448 QR14.4 billion Japan clash Amir issues a AMIR GRANTS AL WAJBAH DECORATION host of laws TO BOSNIA AND HERZEGOVINA ENVOY Country’s biggest THE Amir HH Sheikh Tamim bin Hamad al Thani on Tuesday issued a host of laws. The Amir issued Law No 1 of 2020 on the uni- automated abattoir fied economic register. TheAmir also issued Law No 2 of 2020 amending some provisions of the Penal Code issued by Law No 11 of 2004. The Amir issued Law No 3 of 2020 amending some provisions of Law No 9 of 1987 on combat- begins operations ing drugs and dangerous psychotropic substanc- es and regulating their trade and use. The Amir also issued Law No 4 of 2020 amend- ing some provisions of Law No 15 of 2014 on the Al Wakra Central Market becomes operational regulation of charitable activities. The Amir issued Law No 5 of 2020 amending some provisions of SATYENDRA PATHAK ning.
    [Show full text]
  • An Efficient and Reliable Route for the Transportation Of
    AN EFFICIENT AND RELIABLE ROUTE FOR THE TRANSPORTATION OF QATARI NATURAL GAS TO EUROPE A Dissertation Presented to The Graduate Faculty of The University of Akron In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy Muneer Althaaly December, 2016 AN EFFICIENT AND RELIABLE ROUTE FOR THE TRANSPORTATION OF QATARI NATURAL GAS TO EUROPE Muneer Althaaly Dissertation Approved: Accepted: Advisor Department Chair Dr. Ping Yi Dr. Wieslaw K. Binienda Committee Member Interim Dean of the College Dr. Yilmaz Sozer Dr. Donald J. Visco Committee Member Executive Dean of the Graduate School Dr. Zhe Luo Dr. Chand Midha Committee Member Date Dr. Ernian Pan Committee Member Dr. Li Wang ii ABSTRACT Qatar is the world’s largest producer and exporter of liquefied natural gas (LNG). Europe is dependent on natural gas as a main source its energy needs. This dis- sertation addresses the problem of the transportation of natural gas from Qatar to Euro- pean markets. Currently, LNG is transported from Qatar to Europe via LNG ocean- going vessels; the route used by these tankers passes through some of the world’s most dangerous and treacherous maritime areas. This dissertation proposes a new route, one which avoids these areas and which significantly reduces the transport time. A dual nat- ural gas pipeline – originating in Ras Laffan Industrial City in Qatar and terminating in Yanbu Industrial City in the Kingdom of Saudi Arabia – will avoid the straits of Hormuz (entrance to the Arabian Gulf) and Bab-el-Mandeb (entrance to the Red Sea), areas known for geopolitical and piracy threats.
    [Show full text]
  • Prime Minister Opens Al Daayen Naval Base
    BUSINESS | Page 1 SPORT | Page 1 England win cricket World Cup in Super QFC bolsters ties with Over key Hong Kong entities drama published in QATAR since 1978 MONDAY Vol. XXXX No. 11245 July 15, 2019 Dhul-Qa’da 12, 1440 AH GULF TIMES www. gulf-times.com 2 Riyals Prime minister opens Al Daayen Naval Base Personnel of the General Directorate of Coasts and Borders Security demonstrate their capabilities after the formal inauguration HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani is briefed about the facilities at the of the Al Daayen Naval Base yesterday. base after he formally inaugurated it yesterday. zGeneral Directorate of Coasts and Borders Security gets state-of-the-art facility to secure maritime borders QNA launched a number of new naval boats Base to enhance safety of whole region: Kuwait US commander lauds security co-operation with Doha belonging to the General Directorate of Coasts and Borders Security. He also Qatar; praises facilities at Al Daayen Naval Base witnessed a presentation by the de- A Kuwaiti security off icial confirmed establishment of such developed naval E the Prime Minister and Min- partment’s search and rescue team. that the Al Daayen Naval Base is a bases, based on modern methods in Commander of the US Naval Forces to enhance security and they have ister of Interior Sheikh Abdul- HE the prime minister toured a new addition to maritime security and marine protection and coast security. Central Command and US 5th Fleet common concerns about maritime Hlah bin Nasser bin Khalifa al- number of new buildings of the de- protection of regional waters from He also praised the naval equipment Vice Admiral James Malloy has security in this region.
    [Show full text]
  • Exploring the Potential for Electricity Trade and Interconnection Among Yemen, and GCC Countries Draft Final Report
    Exploring the potential for electricity trade and interconnection among Yemen, and GCC countries Draft Final Report September 2009 Submitted to the World Bank by: Economic Consulting Associates Economic Consulting Associates Limited 41 Lonsdale Road, London NW6 6RA, UK tel: +44 20 7604 4546, fax: +44 20 7604 4547 hC:\A1 Files\Project\Yemen-GCC\Docs\Report2\Yemen GCC Interconnection DFR v3.doc Contents Contents Executive summary i 1 Introduction 1 1.1 Scope of the study 1 1.2 Location of the six GCC countries and Yemen 2 1.3 Outline of the Report 3 2 Regional GCC electricity and gas projects 4 2.1 GCC electricity interconnection project 4 2.2 GCC gas interconnection project 7 2.3 Other natural gas trade 9 3 Kuwait 11 3.1 Energy resources 11 3.2 Electricity demand 14 3.3 Power generation capacity review 15 3.4 Electricity and gas transmission review 16 3.5 Supply-demand balance for electricity 17 3.6 Electricity development plans 17 3.7 Demand for natural gas 18 3.8 Review of electricity and gas pricing 19 3.9 Legal and regulatory framework 20 4 Saudi Arabia 21 4.1 Energy resources 21 4.2 Electricity demand 24 4.3 Power generation capacity review 25 4.4 Electricity and gas transmission review 27 4.5 Supply-demand balance for electricity 33 4.6 Electricity development plans 33 Exploring the potential for interconnection and electricity trade among Yemen and the GCC countries; September 2009 i C:\A1 Files\Project\Yemen-GCC\Docs\Report2\Yemen GCC Interconnection DFR v3.doc Contents 4.7 Demand for natural gas 34 4.8 Review of electricity and
    [Show full text]
  • 134762 Hannibal Bond Final Prospectus Pt1.Qxp
    IMPORTANT NOTICE THIS PROSPECTUS IS AVAILABLE ONLY TO (1) QUALIFIED INSTITUTIONAL BUYERS WHO ARE ALSO QUALIFIED PURCHASERS (EACH DEFINED BELOW) OR (2) CERTAIN PERSONS OUTSIDE OF THE U.S. IMPORTANT: You must read the following before continuing. The following applies to the prospectus following this notice (the “Prospectus”), and you are therefore advised to read this notice carefully before reading, accessing or making any other use of the Prospectus. In accessing the Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from the Issuer, the Guarantor or the Joint Lead Managers (each as defined in the Prospectus) as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. NEITHER THE SECURITIES NOR THE GUARANTEES DESCRIBED IN THE PROSPECTUS HAVE BEEN, OR WILL BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE U.S. OR OTHER JURISDICTIONS AND MAY NOT BE OFFERED OR SOLD WITHIN THE U.S., EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THE ISSUER IS NOT, AND WILL NOT BE, REGISTERED UNDER THE U.S. INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS PROSPECTUS MAY ONLY BE COMMUNICATED TO PERSONS IN THE UNITED KINGDOM IN CIRCUMSTANCES WHERE SECTION 21(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 DOES NOT APPLY.
    [Show full text]