Saleh Al-Khulaifi: Providing an advanced investment environment that contributes to supporting the industrial sector
Mohammed Al-Emadi: Strengthening Manateq’s position as a major destination for industrial investment
Yesterday, Sunday, the Ministry of Commerce and Industry and the Economic Zones Company “Manateq” signed a concession contract to manage the small and medium industries zone, during a ceremony held at the Ministry’s headquarters in Lusail City.
The ceremony witnessed the presence of the Assistant Undersecretaries of the Ministry of Commerce and Industry, Engineer Muhammad Lutfullah Al-Emadi, CEO of the Economic Zones Company “Manateq”, along with a number of officials from both sides.
The contract was signed on behalf of the Ministry by Mr. Abdullah Ghanem Al-Maadeed, Director of the Industrial Development Department, and on behalf of Manateq Company by Mr. Hamad Jarallah Al-Marri, Head of Operations Affairs.
The concession contract extends for a period of 25 years, subject to renewal, under which Manateq is responsible for managing and operating the small and medium industries zone, in addition to preparing and implementing its development plans, supervising the implementation of these plans, providing related services, and providing and maintaining equipment, basic infrastructure, and facilities, including Ensures efficient operation. The contract also includes commitment to the specific uses of the lands and following the approved specifications and performance standards.
The contract grants Manateq Company the right to lease and market the region’s lands to customers to carry out permitted activities, in addition to setting the necessary rules and procedures for development and operation, to be approved by the Ministry. It also allows the company to contract with qualified entities to provide the required services, and to conclude or amend lease contracts with the beneficiaries.
The Ministry, through its competent department, undertakes full supervision of the extent to which factories in the small and medium industries zone adhere to all technical and construction requirements in coordination with the concerned authorities.
Enhancing the efficiency of operational processes
The Ministry confirms that signing the concession contract with Manateq Company to manage the small and medium industries zone aims to enhance the efficiency of operational processes and develop the services provided in the region, without prejudice to the existing conditions of the factories and their owners. This cooperation comes within the framework of the Ministry’s keenness to provide an advanced investment environment that supports business continuity and meets the needs of manufacturers, thus contributing to achieving sustainable development and enhancing the competitiveness of the industrial sector.
On this occasion, Mr. Saleh Majid Al-Khulaifi, Assistant Undersecretary for Industry Affairs and Business Development at the Ministry of Commerce and Industry, said: “The signing of this contract comes within the framework of the Ministry’s keenness to enhance the role of small and medium industries as a major driver of economic growth and an essential component in achieving industrial diversification. This contract also reflects the Ministry’s commitment to implementing the Qatar National Strategy for Manufacturing Industries 2024-2030, in line with the Qatar National Vision 2030, by providing an advanced investment environment that contributes to supporting the industrial sector.
For his part, Engineer Mohammed Lutfullah Al-Emadi, CEO of Manateq, said: “We are pleased to sign this contract, which reflects a long-term strategic partnership with the Ministry of Commerce and Industry, and represents a qualitative step towards strengthening Manateq’s position as a major destination for industrial investment in the State of Qatar. We are committed to developing and achieving excellence in managing the region in accordance with the highest international standards, and providing innovative solutions that contribute to creating an environment supportive of the growth of small and medium-sized companies, which is an essential part of the country’s economic development strategy. Through this cooperation, we also seek to raise the efficiency of operational processes and provide distinct and integrated investment opportunities that encourage innovation and industrial growth, which contributes to supporting and developing the national economy.”