MoCI signs deal with 14 firms to raise strategic stock of essential commodities Mar 27, 2020 0 1155 12345 Tribune News NetworkDohaThe Ministry of Commerce and Industry (MoCI) on Thursday signed contracts with 14 companies in Qatar to raise the country’s strategic stock of essential commodities including rice, wheat, frozen red meat, and long-life milk.The contracts were signed in presence of Minister of Commerce and Industry HE Ali bin Ahmed al Kuwari and Minister of Municipality and Environment HE Abdullah bin Abdulaziz bin Turki al Subaie. The chairman of the committee for implementing the food security policies of the government and the private sector was also present at the signing event.Sheikh Jassim bin Jabr bin Hassan al Thani, the Acting Undersecretary for Consumer Affairs and Head of the Strategic Storage Working Group for Food Security at the Ministry of Commerce and Industry, signed the contracts with representatives of the 14 companies operating in the food sector of Qatar. The signing took place at the ministry’s headquarters in Lusail.Several senior officials from Qatar Flour Mills, National Food Industries (Food Co), Qatar National Import and Export Company, Widam Food Company, Baladna Food Industries, Al Mana and Partners, Al Rawabi, International Foundation for Wildlife Research, Al Majid and Jawad (Amjad), Crystal Food Oil Factory, Tazweed for Trading and Catering, Nestle Qatar Trading, Suncons Trading and Contracting, and Bludan Trading Group attended the event.The initiative comes in line with Qatar’s food security strategy, and the MoCI’s efforts to enhance the partnership between the public and private sectors. It is also aimed at strengthening the strategic inventory system for food, and consumer and catering goods in order to establish Qatar as a country with a significant strategic inventory of goods in the region.Qatar has launched numerous initiatives aimed at establishing integrated mechanisms to enhance and raise its strategic stock of food and consumer goods, which supports the legislative, electronic, and structural aspects of the state’s development policies in the field of food security after its launch of an electronic system to manage and monitor its strategic stock.The advanced electronic system aims to bolster the partnership between the public and private sectors and to manage and monitor its strategic stock through a platform designed in accordance with the highest international standards and best practices in this field. The electronic system enables the monitoring and management of the state’s strategic stock of food and consumer goods, in addition to determining the sources and percentages of imports of strategic goods. The system also enables the state to identify the most important companies specialized in this field and supervise internal trade and national production in the country, in addition to accurately monitoring the strategic stock and evaluating the effectiveness of its circulation in local markets in order to maintain the quality and validity of products.This system also represents an important tool for officials, decision-makers, institutions, and administrations operating in this field, private sector companies, primary suppliers, and national producers. The system provides an accurate monitoring mechanism for the state’s strategic food commodities and selected vital consumer products, in addition, to feed and any other materials that are added to the system. The system also provides access to data relating to these commodities, including their types and quantities, storage methods and quality, available storage space across warehouses and their locations, suppliers and distribution points, and enables the monitoring and management of all elements of the supply chain from import, storage, recycling, and distribution to national production.The strategic stock management and monitoring system are based on the latest artificial intelligence and Internet of Things (IoT) technologies, which support the decision-making process, enable the assessment of different supply chain scenarios and provide effective solutions to meet and overcome challenges that could affect the entire system or some of its parts. Pages 123 RELATED ARTICLES Five big malls set to open in Qatar in 2020 Mar 27, 2020 0 418 Qatar Chamber committed to ensure sufficient food supplies to local market Mar 27, 2020 0 461 US jobless claims soar beyond 3 million as Covid-19 layoffs hit Mar 27, 2020 0 156 Wall Street rallies as job losses stir talk of more stimulus Agencies New York Wall Street surged on Thursday as record weekly jobless claims came in below investors’ worst fears, making a case for more aggressive stimulus to aid businesses and families wrecked by the economic ..