QR2.8bn investment for warehouses in Qatar SEZs

The Storage Areas Project aims to provide storage for SMEs.
Photo for illustrative purposes only.
Photo for illustrative purposes only.

Share

by Kim Kemp

Ali Bin Ali, Barwa Real Estate Group, Al Asmakh Real Estate Projects and Gulf Warehousing Company have signed build and operate contracts for four warehouses in the special economic zones (SEZ) of Qatar.

The four Qatari companies will invest QR2.778bn in the Storage Areas Project.

Witness to the event was the Prime Minister and Minister of Interior HE Sheikh Abdullah bin Nasser bin Khalifa al Thani, reports the Qatar Tribune.

The warehouses, which will be built on four different sites simultaneously, will be completed within 24 months. Implemented under a PPP model, the government has allotted 500,000m² of land for each warehouse, with three plots made available in the north of Qatar and one plot located in the south.

The Storage Areas Project aims to provide suitable storage facilities for SMEs and seeks to develop precise controls for a combination of products. Covering a variety of warehouses, the project has plots for two warehouses located in Umm Shahreen area, one in Bo Fasila area and another plot in Bo Salba.

The warehouses will provide electricity, water and full utility services such as transportation and communication networks, the daily reports.

Most Popular