QATAR PETROLEUM TO HAND OVER MANAGEMENT OF AREAS IN MESAIEED CITY TO MANATEQ

DOHA, – Qatar Petroleum (QP) will hand over the management and operation of some of areas within its concession, in the Mesaieed Industrial City, to the Economic Zones Company Qatar (Manateq), QP said Tuesday, in a press release.

The hand over, which will take place as of Jan 1, includes the light industries area (east and west), the temporary

storage area for gabbro and raw materials, the concrete zone, and the medium industries area.

QP President and Chief Executive Officer, Saad Sherida Al-Kaabi said, the move comes in line with the company’s “strategy to focus on its core business activity and to entrust non-core business activities, to specialised companies in their respective fields of expertise.”

He added that, 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,” he said.

Source: Name News Network

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