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Posted On: 14 December 2017 03:34 pm
Updated On: 12 November 2020 02:18 pm

Qatar announces investments of QR 4 billion in various sectors

Khadiza Begum
Khadiza Begum
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(Cover image photo credit: iStock by Getty Images)

Investments worth more than QR 4 billion in projects mainly in the health, education, logistical support, agricultural produce, industry, and environmental sectors have been announced by the Ministerial Group for Encouragement and Participation of Private Sector in Economic Development Projects of Qatar, according to QNA.

The Ministerial Group chaired by Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani announced the new initiatives in different sectors. In the education sector, investors were chosen to establish seven schools. The plots for the schools are already allocated and provided with necessary infrastructure. The investment for these schools will be QR 750 million and accommodate a total of 9,000 students in different age groups.

(Photo credit: iStock by Getty Images)

The Ministerial Group also provided permits for building three private hospitals ranging in size from 30,000 sq. meters to 65,000 sq. meters and will mainly be located in Al Rayyan and Al Shamal municipalities. The total investment will be QR 2.2 billion and will serve 18,000 patients.

In the logistics sector, phase two of housing projects for workers was launched. Two pieces of land in Umm Salal measuring 80,000 sq. meters were allocated for the purpose. Priority was given to those areas after studying the need of companies working on state projects.

To achieve integration of agricultural production projects, an integrated agricultural marketing center will be put up at the agricultural gathering area located in Al Mazrouh. Land measuring 25,000 sq. meters with necessary infrastructure was allocated for the same.

The project aims to improve the marketing, distribution, and storage of local agricultural products and also market surplus vegetables as frozen or canned products.

(Photo credit: The Peninsula Qatar )

The project will also include an integrated depot for sorting and packing local vegetables and a vegetable storage area equipped with storage coolers. It will also contain a production line for frozen and canned vegetables and a fleet of refrigerated vehicles to market local vegetables in addition to a display of fertilizers, seeds, tools, and other agricultural production inputs.

Introduction of such a project will help agricultural producers to focus on farming and developing the quality of the product, whereas the winner of the tender of this project will take charge of the post-production operations.

In the industrial sector, 38 factories have entered the production stage since the beginning of the unjust blockade of the state. It is expected that 54 new factories will enter production in the middle of next year in various sectors like food, plastic, wood, metal, textile, paper and other industries.

Source: The Peninsula Qatar

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