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Qatar Introduces Series Of New Projects To Enhance Private Sector Contribution

Photo: The Peninsula

The Ministerial Group for the Encouragement and Participation of the Private Sector in the Economic Development Projects of Qatar, chaired by Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, announced the beginning of various new projects in different fields.

The move comes within the government’s efforts to give greater role to the private sector in the economic development projects in the country and in pursuance of the directives of H H the Emir to seek self-reliance and increase self-sufficiency.

In order to encourage industrial investments, advancing development through real partnership with the private sector and meeting the domestic demand of required industries, the Ministerial Group, at its latest meeting, approved the results of the first phase of the initiative “Own your factory within 72 hours” through the single window, which aims to provide exceptional facilities in the industrial investment procedures in the State of Qatar through the provision of more than 10 concessions, including the issuance of all approvals and licenses and the allocation of land needed within 72 hours from the date of approving the application, with exemption of customs on raw materials in addition to supporting local products.

Government agencies like Qatar Chamber, Economic Zones Corporation and Qatar Development Bank are working in tandem to achieve the objective and to provide all facilities and approvals within three days of selecting investors.

The project has drawn a lot of interest from investors since it began. Many applications have been received from inside and outside Qatar. The initiative included eight major industrial sectors that took into account the needs of the local market.

In the first stage, 63 factories, in the industries with added value to the national economy have been approved, which in turn will serve the needs of the local market, increase production lines and modernize them.

Food industry was given the top priority with the approval of 22 factories, while the rest of the factories were distributed in other sectors: Metallurgy, machinery, rubber, medical, paper, electrical and chemical industries.

The Ministerial Group, in support of food security projects, has agreed to introduce a shrimp farming initiative with a capacity of more than 1,000 tonnes per year.

The project meet about 90 percent of the needs of the Qatari market of fresh shrimps. A national company had won a bid to manage the first fish farming project to produce 2000 tonnes of local fish annually for the local market.

Meanwhile, the ministerial group agreed on a proposal to put forward a general tender to the national companies concerned to recycle at least two million tons of the construction waste of each company at the Rawdat Rashid facility within five years. It aims to produce recycled rubble and other raw materials, to reduce the demand for imported rubble in construction.

Other projects in the field of food security, health, education, industry, tourism, and logistics development are under consideration. A specialized team will study the best ways and procedures to launch these projects in a fair and transparent manner for all investors.

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