QP to Hand over Management of Areas in Mesaieed City to Manateq

Doha, June 28 (QNA) - 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 January 1, includes the light industries area (east), the light industries area (west), the temporary storage area for gabbro and raw materials, the concrete zone, and the medium industries area. QP President and CEO 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 specialized 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 center for industrial activity and high value-added services as stipulated in the Qatar Vision 2030." "We are confident that Manateq is the perfect strategic choice to manage these areas by virtue of its being a specialized company in the management and development of lands for various industries and logistical investments in the country," the QP president and CEO added. The light industries area (east) hosts 114 construction and light industries, while the light industries area (west) is dedicated to the heavy industry support services companies, as well as some other light industries. The temporary storage area for gabbro and raw materials such as cement and other building materials includes 58 companies. The concrete zone is where construction industries, especially cement, are located, while the medium industries area hosts detergent, sulfur, fertilizers, organic materials, and acids products industries. (QNA)