April 29, 2024

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Economy and Trade Minister Launches Private Sector Stores and Warehouses Project

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Project to develop  stores and warehouses for the private sector.
Project to develop stores and warehouses for the private sector.

The Ministry of Economy and Trade in collaboration with the Logistics Team today announced the launch of a project to develop for stores and warehouses the private sector.

The announcement came during a press conference here today, attended by HE Minister of Economy and Trade Sheikh Ahmed bin Jassim bin Mohammed Al Thani, HE Minister of Municipality and Urban Planning Sheikh Abdulrahman bin Khalifa Al Thani, HE Minister of Finance Ali Shareef Al Emadi, Deputy Chairman of the Chamber of Commerce and Industry Mohammed bin Ahmed bin Tawar , Fahad Rashid Al Kaabi, CEO of storage areas, as well as a group of senior officials, members of the Logistics Team and representatives of the press.

Speaking at the press conference, HE Sheikh Ahmed bin Jassim bin Mohammed Al Thani said that the Ministry of Economy and Trade is seeking through this project in collaboration with the Logistic Team to build suitable areas of storage with approved safe specifications and standards in order to fill the gap between supply and demand for storage services and secure logistics for effective private sector including small and medium enterprises at competitive prices.

He said that this would have its impact on inflation and would support positive economic growth, based on a study prepared by the logistics team.
The launch of the stores and warehouses project today is in line to meet the requirements and needs of the various sectors in the country, and that the tender procedures will be in accordance with the mechanisms to ensure transparency and equal opportunities in all phases of the project, HE the Minister of Economy and Trade added.

He also stressed the continuation of the growing and pivotal role Qatar plays in the global economy requires a strong partnership between government and private sector, pointing out that government institutions develop appropriate policies and approach of strategic planning for the development of the country’s economy and invest its resources and exploit their resources in the long run as the private sector is of the most important factors that help to create a sustainable competitive economy.

He the minister underlined that the economic development, which is one of the most important pillars of Qatar National Vision 2030, would be through the creation of investment opportunities such as the stores and warehouses project , and would ensure the availability of a competitive business environment and policies fair to all private sector companies and investors.

The Logistics Team was formed with an aim to prepare a comprehensive study of the requirements of the logistics sector, including policies of the partnership between the government and national companies and means of implementing these policies, through dialogue with the relevant authorities to explore ways to develop the logistics sector.

The working team for the preparation of a study of the state requirements in the logistics sector was headed by the Ministry of Economy and Trade and membership of representatives from the Ministries of Finance, Municipality and Urban Planning, Transport Works Authority, the Supreme Committee for Delivery & Legacy (Qatar 2022), and the Chamber of Commerce and Industry of Qatar.

Source : Qatar News Agency

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