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Satyendra Pathak
Doha
The Economic Zones Company (Manateq) on Sunday announced awarding of Al Wukair Logistics Park development contract to Gulf Warehousing Company (GWC) under the public-private-partnership (PPP) model.
According to an agreement signed between the two parties, Qatar’s leading logistics provider GWC will develop the 1.48 square kilometer of Al Wukair Logistics Park under build, operate and transfer (BOT) basis with an investment of QR1.5 billion.
The PPP deal with a 30-year lease tenure will allow GWC to design, finance, develop, operate and maintain the entire development, consisting of dry, cold, frozen and chemical storage facilities as well as light workshops and warehousing open yards.
In addition, the Park will provide comprehensive solutions that include retail outlets, workers’ accommodation, first aid clinic, and a mosque.
Speaking on the occasion, Manateq Chief Executive Officer Fahad Rashid al Kaabi said, “The Al Wukair Logistics Park will be developed in two phases. Work on the first phase representing almost 40 percent of the park will begin immediately and will be completed within two years. The rest of the park will be developed within five years.”
While land for the project is provided by Manateq, he said, rest of the development work will be done by GWC.
“Al Wukair facilities will be built in a variety of sizes catering to small, medium and large enterprises giving all, from start-ups to established brands, the opportunity to benefit from the logistics park’s investment incentives,” Kaabi said.
“Awarding of our contract to GWC on a BOT basis confirms our commitment to engaging with the private sector to support economic diversification in the country,” he said.
“The parks have been strategically planned close to Hamad Port and key gateways to offer logistics companies optimum connectivity to their transport times and costs,”
he said.
“We have drilled down into the current and future needs of the entire assembly, retail, and logistics sector to ensure we meet their requirements and help foster their success,” he said.
This is the second such PPP that GWC has entered with Manateq, after having completed the first such project Bu Sulba Warehousing Park on schedule.
“GWC is proud to be entrusted with developing the country’s logistics infrastructure while setting a new benchmark for logistics excellence that is adopted internationally,” GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al Thani said.
Clients of the new Al Wukair Logistics Park will also benefit directly from GWC’s 15 years of local, regional, and international logistics experience providing the highest standards of quality and solutions for clients in every industry.
Sheikh Abdulla said, “This partnership with Manateq shall boost the growing local economy across all segments by offering best in class platform to developing and established enterprises.”
Speaking on the occasion, GWC Group CEO Ranjeev Menon said, “We appreciate Manateq’s confidence in GWC, and believe our second partnership with them can bolster the gold standard we are setting in the market.”
Al Wukair Logistics Park is the fifth logistics park Manateq has put forward to significantly contribute to Qatar’s economy and the development of the vibrant private sector and a diversified knowledge-based economy in line with the Qatar National Vision 2030.
Doha
The Economic Zones Company (Manateq) on Sunday announced awarding of Al Wukair Logistics Park development contract to Gulf Warehousing Company (GWC) under the public-private-partnership (PPP) model.
According to an agreement signed between the two parties, Qatar’s leading logistics provider GWC will develop the 1.48 square kilometer of Al Wukair Logistics Park under build, operate and transfer (BOT) basis with an investment of QR1.5 billion.
The PPP deal with a 30-year lease tenure will allow GWC to design, finance, develop, operate and maintain the entire development, consisting of dry, cold, frozen and chemical storage facilities as well as light workshops and warehousing open yards.
In addition, the Park will provide comprehensive solutions that include retail outlets, workers’ accommodation, first aid clinic, and a mosque.
Speaking on the occasion, Manateq Chief Executive Officer Fahad Rashid al Kaabi said, “The Al Wukair Logistics Park will be developed in two phases. Work on the first phase representing almost 40 percent of the park will begin immediately and will be completed within two years. The rest of the park will be developed within five years.”
While land for the project is provided by Manateq, he said, rest of the development work will be done by GWC.
“Al Wukair facilities will be built in a variety of sizes catering to small, medium and large enterprises giving all, from start-ups to established brands, the opportunity to benefit from the logistics park’s investment incentives,” Kaabi said.
“Awarding of our contract to GWC on a BOT basis confirms our commitment to engaging with the private sector to support economic diversification in the country,” he said.
“The parks have been strategically planned close to Hamad Port and key gateways to offer logistics companies optimum connectivity to their transport times and costs,”
he said.
“We have drilled down into the current and future needs of the entire assembly, retail, and logistics sector to ensure we meet their requirements and help foster their success,” he said.
This is the second such PPP that GWC has entered with Manateq, after having completed the first such project Bu Sulba Warehousing Park on schedule.
“GWC is proud to be entrusted with developing the country’s logistics infrastructure while setting a new benchmark for logistics excellence that is adopted internationally,” GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al Thani said.
Clients of the new Al Wukair Logistics Park will also benefit directly from GWC’s 15 years of local, regional, and international logistics experience providing the highest standards of quality and solutions for clients in every industry.
Sheikh Abdulla said, “This partnership with Manateq shall boost the growing local economy across all segments by offering best in class platform to developing and established enterprises.”
Speaking on the occasion, GWC Group CEO Ranjeev Menon said, “We appreciate Manateq’s confidence in GWC, and believe our second partnership with them can bolster the gold standard we are setting in the market.”
Al Wukair Logistics Park is the fifth logistics park Manateq has put forward to significantly contribute to Qatar’s economy and the development of the vibrant private sector and a diversified knowledge-based economy in line with the Qatar National Vision 2030.
