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Investment opportunities to develop three Qatar beach resorts unveiled

Investment opportunities to develop three Qatar beach resorts unveiled

Tribune News Network
Doha
The Ministry of Commerce and Industry (MoCI), in cooperation with the Qatar National Tourism Council (QNTC), has unveiled investment opportunities for the private sector to develop three beach resorts in Fuwairit, Ben Ghanem and Ras Abrouq as part of the public-private partnership (PPP) framework to enhance tourism sector’s contribution to the non-oil economy.
“As part of its mandate to diversify the economy by developing the tourism sector, QNTC works closely with partners across the public and private sectors to build products that showcase our country’s varied offerings and deliver service excellence. Through investment opportunities such as these, we engage the private sector in creating tourism offerings that tell Qatar’s story while providing unparalleled experiences to visitors and residents alike,” Qatar National Tourism Council Secretary-General and Qatar Airways Group Chief Executive Akbar Al Baker said.
This came as the MoCI, in cooperation with the Qatar National Tourism Council (QNTC), organised a meeting for investors concerned with the tourism sector officials at the Doha Exhibition and Convention Center on Thursday.
The initiative to offer investment opportunities to establish beach resorts falls within the public-private partnership framework, which is part of the state’s efforts to achieve the Qatar National Vision 2030.
The QNV 2030 aims at consolidating economic diversification and supporting non-oil sectors, especially the tourism industry which plays an important role in strengthening Qatar’s leading position as one of the most prominent tourist destinations regionally and globally.
Saleh bin Majid Al Khulaifi, Assistant Undersecretary for Commerce Affairs at MoCI, praised the level of cooperation between the ministry and QNTC.
He said the initiative to offer investment opportunities to establish beach resorts in partnership between the public and private sectors was the first of its kind in Qatar.
Al Khulaifi further stated that the public-private partnership, organised under Law No 12 of 2020, was based on a solidly-founded, principled partnership.
This partnership allows government sector entities to focus on their specialties, preserve state resources and rationalise their use, he added.
Al Khulaifi said it ensures that the government does not compete with private sector institutions and companies and allows both to play key roles as vital partners in shaping the national economy’s future.
He noted that the ministry, in cooperation with QNTC, had taken the initiative to determine the requirements to establish beach resorts in three regions. The ministry is well-aware of the importance of stimulating the tourism industry and attracting tourism investments in areas that would support the contribution of local tourism to the economy’s non-oil GDP. Through this initiative, the ministry aims to make local tourism a main contributor to achieving Qatar’s economic diversification.
Engineer Badr Mohammed Al Meer, Chief Operating Officer at Hamad International Airport, delivered a presentation on the technical specifications of the three investment opportunities. He touched on the projects’ geographical locations, areas, facilities and services.