Posted on January 05, 2011

HE the Minister of State for Energy and Industry Affairs Dr Mohamed Bin Saleh Al Sadah said on Tuesday that Qatar Petroleum has signed contracts worth 95 billion riyals from 2005 to 2010, 65% (more than 61 billion riyals) of which had gone to Qatari companies.

HE the Minister of State for Energy and Industry Affairs Dr Mohamed Bin Saleh Al Sadah

He noted that the Qatar private sector had top priority on the ministry's procurement list.
Speaking on the sidelines of "Manufactured in Qatar" exhibition, he said local purchase orders issued to Qatari companies represented 78% of the total orders of QP.
He noted that the ministry was keen on ending red tape practices and on providing all possible incentives to developing local industries.
HH the Heir Apparent's inauguration of the exhibition reflected his keenness on the development of the national economy, the minister said and referred to the big industrial projects being carried out in the country in the sectors of gas, oil field development, gas to liquids gtl projects, petrochemicals and water desalination.
He emphasized the role of the private sector in advancing the all-round development in the country.
He also noted that the country has reached an advanced stage in the manufacture of heavy industries.
He explained that the industrial area in Doha is the home to 310 industrial installations. However, the number was still below the target of the state, he noted.
Meanwhile, engineer Saeed Mubarak al Kuwari, the director of industrial development at the ministry said that Qatar was keen on availing of the expertise of others.
The secretary general of the Gulf Organization for Industrial Consulting GOIC, Abdel Aziz al Quail said GOIC has been working on a map for Gulf industries to be complementary to the strategies being adopted by the GCC ministries of industry.

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