World-class infrastructure key to transforming Qatar into trade hub

      Published on Tuesday, 23 July , 2019      240 Views     
World-class infrastructure key to transforming Qatar into trade hub

  • Business

Topnotch infrastructure in Qatar’s maritime sector has played a significant role in positioning the country among the world’s leading hubs for local and foreign trade flows, according to a top official of leading maritime transport and logistics conglomerate, Milaha.





Speaking to The Oil & Gas Year (TOGY) in its ‘The Oil & Gas Year Qatar 2019′ report, Milaha president and CEO Abdulrahman Essa al-Mannai said:

‘Qatar’s maritime has grown significantly over the past decade, not just the last couple of years.

‘We now have a truly world-class infrastructure in place that not only enables smooth import and export trade for Qatar, but also increasingly enables Qatar to become a hub for regional and international trade flows.

Al-Mannai reported that the state-of-the-art Hamad Port seamlessly handled more than 1.3mn teus in 2018, which was an increase of over 200% from pre-blockade levels.

‘QTerminals, which operates Hamad Port and is jointly owned by Mwani Qatar and Milaha, now handles trans-shipment cargo for other parts of the region, particularly the Upper Gulf, he noted.

According to al-Mannai, the development of free zones around Hamad Port and Hamad International Airport will further enhance Qatar’s infrastructure and increase its attractiveness for new investors across a number of manufacturing and service sectors.

‘The infrastructure is definitely in place to create a more robust and sustainable trade and industrial ecosystem for Qatar, al-Mannai emphasised.

Asked about local content measures for the sustainability of shipping and logistics, al-Mannai stressed that the maritime and logistics sectors are critical to Qatar’s economic ambitions, from both an import and export perspective.

He said sea-borne trade accounts for 99% of imports and exports by volume, and ensuring the sustainability and robustness of the sector is extremely important for Qatar, hence the tremendous efforts by Qatar Petroleum (QP) and others to boost these sectors.

‘Maritime includes both the transport element, as well as all the ancillary elements, such as terminals, repair and maintenance, provisioning, fueling, fleet management and anchorage services, amongst others.

‘At Milaha, we are naturally expanding our capabilities across the supply chain to strengthen the maritime ecosystem. For example, we created a new Maritime Services Unit within Milaha to focus locally on bringing end-to-end services to ship owners and operators, he said.

Al-Mannai added: ‘In the oil and gas space, we are looking closely with our partners, such as QP, to support their end-to-end maritime and ancillary needs.

Efforts like Tawteen will help local companies reach critical scale, and provide a platform for them to expand competitively into markets beyond Qatar or the region.



This adds further impetus to the economic diversification agenda that is part of Qatar National Vision 2030.


Keywords:
Category Business | 2019/07/23 latest update at 2:00 PM
Source : Mena FN | Photocredit : Google
241 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.


Saudi king invites Qatar emir to Riyadh summit: Doha Emir

Saudi king invites Qatar emir to Riyadh summit: Doha

Saudi King Salman has invited Qatar’s emir to a meeting next week of the Gulf regional bloc in…

Only international actions can settle the world’s ‘enormous and diverse cross-border challenges’, Qatar tells UN Assembly Emir

Only international actions can settle the world’s ‘enormous and diverse cross-border challenges’, Qatar tells UN Assembly

Pointing to “the strategic importance of the Gulf region”, Sheikh Tamim Bin Hamad al-Thani Amir maintained that its stability warrants…

Amir congratulates President of Colombia Emir

Amir congratulates President of Colombia

Amir H H Sheikh Tamim bin Hamad Al Thani, Deputy Amir H H Sheikh Abdullah bin Hamad Al…

Iran’s Rouhani Says Boosting Ties With Qatar A Priority Emir

Iran’s Rouhani Says Boosting Ties With Qatar A Priority

Iranian President Hassan Rouhani described enhancement of relations with neighbors, Qatar in particular, as an indispensable part of…

GULF TV

Popular in GULF TV

About DFI – Doha Film Institute Video

39832 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News