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QP to cede part of Mesaieed Industrial City to Manateq

QP to cede part of Mesaieed  Industrial City to Manateq

Tribune News Network
Qatar Petroleum (QP) will hand over the management and operation of parts of the Mesaieed Industrial City to the Economic Zones Company Qatar (Manateq) as part of its strategy to focus on core business in the oil and gas industry.
The handover of areas, which will take place on January 1, include the light industries area (east), the light industries area (west), temporary storage area for gabbro and raw materials, the concrete zone, and the medium industries area.
QP President and CEO Saad Sherida al Kaabi said the move is in line with the company's"strategy to focus on its core business activity and to entrust non-core business to companies with expertise in their respective fields."
He said there are 200 existing projects in these areas that greatly contribute to the industrial growth of Qatar.
"These projects play a big role in diversifying the economy and in transforming Qatar into a regional centre for industrial activity and high value-added services as stipulated in the Qatar Vision 2030."
Kaabi said,"We are confident that Manateq is the perfect strategic choice to manage these areas by virtue of its being a specialised company in the management and development of lands for various industries and logistical investments in the country."
The light industries area (east) hosts 114 construction and light industries, while the light industries area (west) is dedicated to the heavy industry support services companies as well as some other light industries.
The temporary storage area for gabbro and raw materials such as cement and other building materials includes 58 companies.
The concrete zone is where construction industries, especially cement, are located, while the medium industries area hosts detergent, sulphur, fertilisers, organic materials, and acids products industries.

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