With an investment value of QAR 1.5 billion, the project’s first phase is expected to be operational within two years.
Manateq has announced the award of Al Wukair Logistics Park development to Qatar’s leading logistics provider, Gulf Warehousing Company (GWC). Under this agreement, GWC will Build, Operate and Transfer (BOT) the development of the 1.48 km2 Al Wukair Logistics Park in a public-private-partnership deal with a 30-year lease tenure, and the investment value of 1.5 billion Qatari Riyals.
The contract, which was subject to competitive bid, 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. 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.
Manateq Chief Executive Officer Fahad Rashid Al-Kaabi said that the award confirms their commitment to engaging the private sector in national change and economic diversification and progression.
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.’
Work on the park is set to begin immediately with a first phase representing almost 40% of the park due for completion within two years, with the remainder due to be developed within five years.
GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani stated that they are proud to be entrusted with the project.
This partnership with Manateq shall boost the growing local economy across all segments by offering best in class platform to developing and established enterprises, feeding into the actualisation of Qatar National Vision 2030 tenets of becoming a sustainable and diverse economy.’
This is the second such PPP that GWC has entered with Manateq, after Bu Sulba Warehousing Park which was completed on schedule, at the end of 2016. The experience of developing this hub, in addition to its 1 million square metre Logistics Village Qatar, the largest such development in the region, will ensure the development of an integrated logistics park catering to all segments of the market, and potentially a wide array of industry sectors.
GWC Group CEO Ranjeev Menon adds that they believe that their second partnership with Manateq can bolster the gold standard they are setting in the market.
Our deep, hard-earned knowledge of the local market will make GWC Al Wukair Logistics Park the ideal location for businesses to avail and enjoy of the best logistics infrastructure that will allow them to focus on their core businesses and reap the benefits of this flourishing economy.’
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.
Al-Kaabi explains that the parks have been strategically located to provide time and cost-efficiency.
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. The public sector working in close partnership with private sector can create transformative opportunities for the country.’
For more information, visit www.manateq.qa