Triple A Trading and Contracting Co has won the contract to develop and manage the new Souq Haraj, the logistics committee at the Ministry of Economy and Commerce (MEC) announced.
The company, owned by Sheikh Abdulrahman bin Abdulla al-Thani, is committed to accomplish the construction work and start operating the new market in the second half of 2017, according to a company statement.
The company's investment in the project will be over QR206mn.
The project involves the creation of a new market of over 35,000sqm in the Umm Bashr area near Hamad International Airport, replacing the existing Souq Haraj in Najma.
The tender offered by the company includes a design for the market based on distinctive Qatari architecture and provides for 324 shops, to be available at a monthly rent of QR54 per sqm. Besides, it has made best use of the land available through the provision of a large number of parking lots and creation of a basement area that will make the process of moving goods to shops smooth and offer extra space for parking lots.
Some 40 local companies had bought the terms and conditions booklet for the project. Only seven of these submitted tenders complied with all the requirements. The main standards included an innovative architectural design that would guarantee a smooth shopping process and easy movement of vehicles, goods and shoppers.
Tender documents for the project were received in March.
The logistics committee stressed that the project underlines the strength of the local private sector in enhancing competitiveness, as the rent of a shop of around 60sqm will be less than QR3,500. This, in turn, will enable small and medium enterprises to offer products at competitive rates in the local market.

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