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Posted On: 3 October 2019 09:33 am
Updated On: 12 November 2020 02:05 pm

Some factories exempted from paying rent for 2019

Sumaica Asad
Sumaica Asad
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H.E. 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 the year 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 economic development of the country, and it is within a wide range of incentives granted to this sector.

This decision complements the previous decisions taken by H.E. the Prime Minister and Minister of Interior 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 rental value from QR 40 to QR 20 per square meter.

In a statement today, H.E. 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: QNA
Image credit: Baladiya