Doha invites investors as it looks to develop major scheme
- Applications for investment start 2 August
- Project to be developed across the Al-Wakra, Birkat al-Awamir and Aba Sali areas
Qatar has announced plans for a large industrial zone in the south of the country.
The project will be developed over 6.3 million square metres and will feature more than 1,850 units.
Local reports say the scheme which will feature assembly and storage units, showrooms and shops, commercial offices, labour camps, workshops, warehouses, service centres and depots will be developed across the Al-Wakra, Birkat al-Awamir and Aba Sali areas.
The annual cost for investors will amount to QR40 ($10.9) a square metre, while the long-term lease contract will be for 30 years and rents will be required to be paid every six months.
About 950 plots ranging from 1,000-2,000 sq m will be allotted to small investors, whereas medium investors will be offered plot ranging from more than 2,000 to 67,557 sq m.
The project was announced on 15 July by Prime Minister and Interior Minister Sheikh Abdullah al-Thani.
Investment applications will be accepted from 2 August to 9 November.
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