WATCH: Umm Al Houl – One of Qatar’s first Special Economic Zones
Located between Al Wakrah and Mesaieed, the Umm Al Houl district is one of Qatar’s first Special Economic Zones (SEZ) set to receive foreign investors this year.
The district witnessed the launch of one of its first mega projects, the Umm Al Houl Power Plant which was inaugurated by His Highness the Amir Sheikh Tamim bin Hamad Al Thani last week.
Spread over an area of 34sqkm, Umm Al Houl will facilitate access to the rest of the world via the sea owed to its prime location next to Hamad Port, which allows it to serve the Northern Gulf area and beyond.
Umm Al Houl is touted to become a dominant gateway for Qatar’s imports and exports with hardly a distance of 20km South of Hamad International Airport, and adjacent to Mesaieed Industrial Zone.
The country’s free zones are set to host a large number of foreign companies by this year under the Free Zones Authority’s negotiations with some major international companies.
Some of these companies will be controlling their global operations from Qatar, HE Ahmed bin Mohammed Al Sayed, Minister of State and Chairman of the Free Zones Authority said in October last year, reported The Peninsula.
Local and international investments will be seen across sectors like logistics, precious metals, expensive antiques as well as food processing. Other strategic sectors include pharmaceuticals and gas & petroleum derivatives.
The further development of the SEZs will position Qatar as an ideal destination for foreign direct investments.
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