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.
