QP to cede some operations in Mesaieed to “Manateq”
As part of its strategy to focus on its core business in the oil and gas industry, Qatar Petroleum (QP) will hand over the management and operation of some of areas within its concession in the Mesaieed Industrial City to the Economic Zones Company Qatar “Manateq”.
The hand over, which will take place as of the 1st of January 2017, includes the light industries area (east), the light industries area (west), the temporary storage area for gabbro and raw materials, the “concrete zone”, and the medium industries area.
Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum, expressed pleasure at the move saying "it comes in line with QP’s strategy to focus on its core business activity and to entrust non-core business activities to specialized companies in their respective fields of expertise.”
Mr. Al-Kaabi said “there are 200 existing projects in these areas which constitute a major tributary to the industrial growth witnessed by the State of Qatar.” He added that “these projects play a big role in diversifying the economy and in transforming Qatar into a regional center for industrial activity and high value-added services as stipulated in the Qatar Vision 2030, the pillars of which guide Qatar Petroleum under the leadership of His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar.”
“We are confident that ‘Manateq’ is the perfect strategic choice to manage these areas by virtue of its being a specialized company in the management and development of lands for various industries and logistical investments in the country,” the President and CEO of Qatar Petroleum concluded.
The light industries area (east) hosts 114 construction and light industries; while the light industries area (west) is dedicated to the heavy industry support services companies, as well as some other light industries. The third area is the temporary storage area for gabbro and raw materials such as cement and other building materials, which includes 58 companies. The fourth area is the “concrete zone”, where construction industries, especially cement, are located; while the medium industries area hosts detergent, sulfur, fertilizers, organic materials, and acids products industries.
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