Qatar Petroleum to hand over some areas of Mesaieed Industrial City to Manateq
Date
6/30/2016 3:50:56 AM
(MENAFN- The Peninsula) Saad Sherida Al Kaabi
DOHA: Qatar Petroleum (QP) yesterday announced that it will hand over the management and operations of some of areas within its concession in the Mesaieed Industrial City (MIC) to the Economic Zones Company Qatar (Manateq).
The initiative is part of the state-owned public corporation’s (QP’s) strategy to focus on its core business in the oil and gas industry.
QP, in a statement, said that the handover, which will take place as of the January 1, 2017, includes the light industries area (east), the light industries area (west), the temporary storage area for gabbro and raw materials, the “concrete zone”, and the medium industries area.
Saad Sherida Al Kaabi (pictured), the President and CEO of QP, said: “It comes in line with QP’s strategy to focus on its core business activity and to entrust non-core business activities to specialised companies in their respective fields of expertise.”
“There are 200 existing projects in these areas which constitute a major tributary to the industrial growth witnessed by the State of Qatar,” Al Kaabi added.
“These projects play a big role in diversifying the economy and in transforming Qatar into a regional center for industrial activity and high value-added services as stipulated in the Qatar Vision 2030, the pillars of which guide Qatar Petroleum under the leadership of the Emir, HH Sheikh Tamim bin Hamad Al Thani.”
“We are confident that ‘Manateq’ is the perfect strategic choice to manage these areas by virtue of its being a specialized company in the management and development of lands for various industries and logistical investments in the country.”
The light industries area (east) hosts 114 construction and light industries; while the light industries area (west) is dedicated to the heavy industry support services companies, as well as some other light industries. The third area is the temporary storage area for gabbro and raw materials such as cement and other building materials, which includes 58 companies. The fourth area is the “concrete zone”, where construction industries, especially cement, are located; while the medium industries area hosts detergent, sulfur, fertilizers, organic materials, and acids products industries.
The Peninsula