Posted on December 10, 2020

Manateq, the national company working to diversify Qatar’s economy by providing premium infrastructure within strategic zones, has reported that number of investors applied in its Birkat Al Awamer Logistics Park has outstripped the plots available for lease.

The company received more than 3,800 applications for the 787 plot leases, offered a 25-year lease period, which was launched in November. Following the high demand, a public draw was conducted for the qualified applications from companies with 100% Qatari ownership, to withdraw the winning applications and backup list, with the event being supervised by the Ministry of Commerce and Industry. The winning applicants will benefit from a two-year rent exemption starting from 1st of January, 2021.

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“The response to the plot offers has been highly encouraging and underlines the confidence investors have in the future of Manateq and the country’s economic diversification strategy,” commented Eng. Fahad Rashid Al Kaabi, CEO, Manateq. The plots on offer divided into three categories – those spanning up to 1,140 sqms, those ranging from 1,141 -2,500 sqms and those covering between 10,601 – 21,000 sqms. The varying categories is aimed at responding to diverse investor needs.

Birkat Al Awamer is one of five logistics projects being developed by Manateq and is designed to appeal to companies wanting to build their own warehouses or workshops, commercial showrooms, offices, and staff accommodation on one plot. Birkat Al Awamer benefits from proximity to vital logistics gateways making it a highly strategic location to facilitate speedy logistics delivery with convenient connectivity to Hamed Port and Al Majed Road. “The huge demad has demonstrated Birkat Al Awamer’s strong appeal to various logistics sectors including, but not limited to, the construction and food sectors, aluminium, stone and steel workshops and multi-purpose storage operators,” added Al Kaabi. “We look forward to the investors now progressing their projects and to begin realising the benefits of Qatar’s national growth drive.”

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