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Manateq officials announcing new offers for private companies

Manateq officials announcing new offers for private companies



Manateq to dole out offers for firms

The state-backed company recently unveiled the signing of a series of deals with private investors, worth $274.6 million for the development of several hotels and apartments in the Ras Bufontas SEZ

August 2017

Qatar’s Special Economic Zones Company (Manateq) is set to announce huge business and investment opportunities for private companies, including for those keen to invest in the country’s booming hospitality and logistics industries, said a report.

Manateq is the state-backed company responsible for overseeing the development of economic zones, industrial parks and warehouse complexes across the country.

Manateq is the leading developer and operator of these special economic zones, which include Ras Bufonta economic zone (spread over an area of 4.01 sq km) near the iconic Hamad International Airport (HIA), and Um Alhoul (in an area of 34 sq km), which is strategically located adjacent to Hamad Port, the country’s dominant gateway for imports and exports.

The Um Alhoul SEZ for the water front projects development is to be announced by the first quarter of 2018, Fahad Rashid Al Kaabi, CEO of Manateq, was quoted as saying in a Peninsula Qatar report.

He added that like Ras Bufontas, Um Alhoul also have water front. The company intends to develop hotels and residential apartments there as well, which will serve like businesses and holiday facilities.

He said that the company is trying to attract different types of investors, which will be announced by the first quarter of 2018.

Al Kaabi added: “We are working to develop the basic infrastructure, such as electricity and water in these economic zones, which is expected to be completed by the end of 2018. Soon we will invite local as well as international businesses and developers to invest in these ambitious projects.”

Manateq recently unveiled the signing of a series of landmark deals with private investors, to the tune of about QR1 billion ($274.6 million), for the development of several hotels, hotel apartments and residential buildings in the Ras Bufontas SEZ. And similar deals are to be signed with more local and international investors in the coming days, added the report.




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