Manateq (Economic Zones Company Qatar) will take over managing some aspects of the Qatar Petroleum (QP) business elements in the Mesaieed Industrial City as QP plans to concentrate on central areas of its company namely, the oil and gas sectors.
“It comes in line with QP’s strategy to focus on its core business activity and to entrust non-core business activities to specialized companies in their respective fields of expertise,” Saad Sherida Al-Kaabi, president and CEO of Qatar Petroleum, said.
The management transfer will take place Jan. 1 and will include the light industries area (east), which hosts 114 construction and light industries, and light industries area (west), recognized for its heavy industry support services companies. Also included is the concrete zone, where construction industries, especially cement, are located, the medium industries area, responsible for detergent, sulfur, fertilizers, organic materials and acids products industries and the short-term storage space for gabbro and raw materials, like cement and other building supplies, which includes 58 companies.
“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 said. “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 His Highness Sheikh Tamim bin Hamad Al Thani, the emir of the state of Qatar.”
“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,” Al-Kaabi said.