Tuesday 9 October 2018

#Qatar to launch first Free Zone in first quarter of 2019 - The Peninsula Qatar

Qatar to launch first Free Zone in first quarter of 2019 - The Peninsula Qatar:

The first Free Zone in Qatar, Umm Al Houl Free Zone, located next to Hamad International Port, will be ready to receive local and foreign investors during the first quarter of 2019.

Addressing a session held in the framework of the second day of the International Product Exhibition and Conference (IPEC 2018), the Minister of State and Chairman of the Free Zones Authority H E Ahmed bin Mohammed Al Sayed, said that the foreign investor will not be a rival to the local private sector, but will be a starting point for communication between Qatar and the global market, which will provide more opportunities for the local investor and the Qatari private sector.

He noted that the second Free Zone, Abu Fontas, which is located next to Hamad International Airport and has a gate on the airport to facilitate cargo operations and associated matters, will also be launched next year and will be advanced in terms of the technology used.

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