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Posted On: 19 December 2016 08:03 am
Updated On: 12 November 2020 01:57 pm

200,000 to be employed at logistics project

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About 200,000 people are expected to be employed at the logistics project being set up in south Wakra, Birkat Al Awamir and Aba Salil, the Ministry of Economy and Commerce said yesterday.

The Technical Committee to promote private sector participation in economic development projects at the Ministry has prepared 119 plots of mixed use commercial land for investors in the three locations.
The lands are offered at monthly rent of QR 8.33 per sq meter per month, with an average increase in the rents by 5 percent every three years, with lease contract extending for 30 years. The rent is to be paid every six months after the first year of allocation of land. The plots are located on the Orbital Road and near the Hamad Port.
The plots are allotted for private investors to develop shops, showrooms, clinics, banks, restaurants, parking areas, among others.

The committee said that prompt delivery of land for starting construction and integrated infrastructure are among the major advantages of the project.
The ministry has started receiving applications for the land for phase-I. The Applicants need to produce their commercial registration and provide a clear action plan for the project and a plan for land development, a copy of ID card of the owners, and a bank guarantee cheque as per the size of the land allotted. Applications are received electronically through the website Applicants must choose the size of the land according to the categories specified, and agree to the terms of the lease and booking and then upload the required documents properly on the website. The deadline for receiving application has been set at February 2, 2pm.

The committee will review all applications and required documents and determine the eligibility of the investor in accordance with the requirements and conditions, and then notify the investors. If the number of eligible applicants exceeds the number of commercial land at hand, a public draw will be held to determine the winning companies. A waiting list of candidates will also be announced through the draw. The committee said that it will announce the results of the draw on the website in addition to various media.

The winning candidates will be asked to provide a bank guarantee for land allotment. Then an agreement will be signed for booking the land before signing the final lease contract after the completion of the plans and designs. In case of disqualification, the bank guarantee will be refunded within 15 days from the date of announcement of the allotment. (Source)