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Published on 10/9/2017 10:44:16 AM
Rental value to reduce by half for all investors in the logistics zones
Prime Minister and Interior Minister HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani has issued a decision to reduce the rental value by half for all investors during 2018 and 2019 in the logistics zones, according to the Qatar News Agency (QNA).

This significant step has been taken under the direction of HH the Emir Sheikh Tamim bin Hamad Al Thani, and the recommendations made by the Ministerial Group to encourage the private sector to grow its contribution to Qatar’s economic development, especially since the imposition of the illegal blockade has made matters precarious.

HE Sheikh Abdullah also instructed all ministries and government departments to increase their procurement of local products from 30 percent to 100 percent, as long as the local products meet required specifications and the purchases obey tender rules.

Several decisions and directives to various ministries and government departments have been issued by HE Sheikh Abdullah to support investment in Qatar and encourage diverse incentives for the private sector to support local industries and expand production to ensure the provision of various commodities in local markets.

The aim of these decisions and directives is to encourage the private sector to enter into diversified investments in the logistics sector. Doha pumped nearly $6.9 billion in local banks in August due to the decline of deposits by residents and the private sector in Qatari banks, according to the Central Bank.

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Inline image - Al Jazeera