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Posted On: 5 October 2019 10:33 am
Updated On: 12 November 2020 02:05 pm

Qatar’s producing factories exempted from paying rent this year

Khadiza Begum
Khadiza Begum
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H.E. the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani issued a decision to exempt producing factories in the SME zone and Mesaieed Industrial Zone of Manateq from paying rent for 2019.

The decision is based on the recommendations of the Ministerial Group for the Encouragement and Participation of the Private Sector to encourage and increase its contribution to the country's economic development.

This decision complements the previous decisions taken by HE the Prime Minister to support investors in the industrial and logistics sector, such as allowing factories in the country to postpone the repayment of loans for six months as well as granting all investors in the economic zones of Manateq a reduction in the rent from QR40 to QR20 per square metre.

In a statement on Wednesday, HE the Minister of Commerce and Industry Ali bin Ahmed al-Kuwari said that such decisions are a strong boost for investment and seek to overcome obstacles facing investors in the industrial sector. It is also in the public interest to keep pace with the current investment trend in Qatar, he added.

(Source: Qatar News Agency - QNA)