10.08.2015, 09:30
The Logistics Committee and the Economic zones have signed an agreement with Masraf Al Rayan to finance the logistics zone project at Wakrah
OREANDA-NEWS. The Logistics Committee at the Ministry of Economy and Commerce (MEC) and the Economic Zones Company (Manateq) have signed an agreement with Masraf Al Rayan to finance the logistics zone project at Wakrah.
Aimed at promoting competitiveness in the commercial sector and encouraging the private sector to contribute effectively to the National Development Strategy in accordance with Qatar National Vision 2030, the Wakrah project is the largest logistics and industrial project in the south of the country.
The deal, valued at QR1.8bn, was signed by the head of the Logistics Committee, Hamad bin Ali al-Mannai; the business development director at Manateq, Mohamed Hassan al-Malki; and the head of wholesale banking and assistant general manager of Masraf Al Rayan, Mohamed Ismail al-Emadi.
The Logistics Committee pointed out that the signing of the agreement was an important step towards diversification of the Qatari economy and stressed the importance of the role of national banks in development and infrastructure projects.
Al-Malki said the agreement would enable the committee complete the construction of the infrastructure, provide land for investors and construct the logistics area conforming to high standards in accordance with Manateq’s strategy.
Aimed at promoting competitiveness in the commercial sector and encouraging the private sector to contribute effectively to the National Development Strategy in accordance with Qatar National Vision 2030, the Wakrah project is the largest logistics and industrial project in the south of the country.
The deal, valued at QR1.8bn, was signed by the head of the Logistics Committee, Hamad bin Ali al-Mannai; the business development director at Manateq, Mohamed Hassan al-Malki; and the head of wholesale banking and assistant general manager of Masraf Al Rayan, Mohamed Ismail al-Emadi.
The Logistics Committee pointed out that the signing of the agreement was an important step towards diversification of the Qatari economy and stressed the importance of the role of national banks in development and infrastructure projects.
Al-Malki said the agreement would enable the committee complete the construction of the infrastructure, provide land for investors and construct the logistics area conforming to high standards in accordance with Manateq’s strategy.
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