Qatar Petroleum has announced that, as part of its strategy to
concentrate on its core business in the oil and gas industry, it will hand over
operations of some of its areas in the Mesaieed Industrial City to the Economic
Zones Company, Manateq.
Qatar Petroleum will hand over a group of business that
includes the light industries areas in the east and west, the medium industries
area and the temporary storage area for gabbro and raw materials. The transaction
will go into effect as of January 2017.
“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.
Al-Kaabi noted that the 200 existing projects in the chosen
areas represent a major opportunity for growth in Qatar.
“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 Tamim
bin Hamad Al Thani, the emir of the State of Qatar,” Al-Kaabi said.
