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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.

“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.”

Manateq, the national initiative working to diversify Qatar’s economy by providing premium infrastructure within strategic logistics parks, has signed with Qatar’s Waseef Asset Management Company the leader in the management and marketing of real estate projects, to provide facilities and rental management of all the commercial and residential assets in seven service hubs across all its logistics parks.

The agreement was signed at Manateq headquarters by Fahad Rashid Al Kaabi, Manateq CEO and Abdullah Jubara Al Rumaihi, Acting CEO of Barwa Real Estate Group and CEO of Waseef Asset Management Company.

As per the agreement, Al Waseef will now manage the rental affairs of all investors’ commercial and accommodation assets in the service hubs in Manateq’s Jery Al Summar, Birkat Al Awamer, Aba Saleel and Al Wakra logistics parks which are designed as gateways to fast-track economic diversity and business growth throughout Qatar and beyond.

“With the right partners we can succeed in contributing to long-term economic growth, and we believe that in Al Waseef Asset Management Company, we have a partner who can deliver further investor confidence to ensure that our service hubs will be enjoyable places to live, work and thrive. The award underlines our strong intent to provide sustainable business environments in which enterprises can prosper and grow supported by premium infrastructure and services for visitors and tenants alike.” said Manateq CEO, Fahad Rashid Al Kaabi.

“We are excited to work with Manateq on successfully activating these service hubs which will provide well-managed communities for the many staff who will work in the logistics parks,” said Abdullah Jubara Al Rumaihi, CEO of Waseef Asset Management Company. “We will bring to this contract our extensive experience gained through offering our services to 15 destination companies in Qatar and through which we manage over 3.6 million sqm in projects and we look forward to playing a role in delivering exemplary services to assets which are at the heart of Qatar’s national development ambitions.”

Manateq has designed the service hubs as thriving, showpiece communities. They will feature cafes and restaurants, supermarkets, money exchange services with ATMs, pharmacies and medical centres and a host of service operators including utilities providers, laundries, barber shops and tailors with ample parking throughout.

In all around 92 retail premises and 172 residential accommodation units are available for rent and investor applications can now be made via Waseef Asset Management Company’s website at: https://www.waseef.qa/en/projects/manateq-logistic-service-hubs or by calling 8004444 for more information.

Manateq’s logistic parks have been designed to accelerate the economy by enabling businesses and SMEs to invest in a diverse range of sectors such as aluminium, steel, automotive, electronics, construction material, and food and beverage, by offering around 15 million square metres, distributed across Jery Al Samur, Al Wakra, Birkat Al Awamer and Aba Saleel, to promote economic diversification. The parks have been strategically planned close to Hamad Port and key gateways to offer logistics companies optimum connectivity to save transport time and cost.

Manateq, which is working to diversify Qatar’s economy by providing premium infrastructure within strategic economic zones, has launched new plot leases in its Birkat Al Awamer Logistics Park, designed for investors.

The 9.4 million sqm park – one of five logistics projects being developed by Manateq – is designed to appeal to companies wanting to build their own facilities through providing them comprehensive solutions that will allow them to build warehouses or workshops, commercial showrooms, offices, and staff accommodation all in one piece of land. The plots sizes will vary from 800 sqm up to more than 20,000 sqm to respond to the diversified requirements of the intended projects.

Leases are available at QAR20 per sqm per year with investors being incentivised by a two-year, rent free grace period and flexible construction procedures.

“Investors in Birkat Al Awamer will benefit from proximity to vital logistics gateways such as Hamad Port,” explained Fahad Rashid Al Kaabi, CEO, Manateq. “This is a highly strategic location with convenient connection to Al Majed Road which provides easy access to Hamad Port facilitating speedy logistics delivery.”

Birkat Al Awamer is seen as having strong appeal to various logistics sectors including but not limited to the construction sector, food sector, aluminium, stone and steel workshops and multi-purpose storage operators.

Potential investors are required to provide valid commercial registration and a business plan as part of their application submission which can be processed via the Manateq website www.manateq.qa.

“We have designed an easy application procedure to ensure swift approvals decision-making,” explained Al Kaabi. “Once applications are received with the required documentation, Manateq Investment Committee will assess them and respond on approvals or otherwise in a timely manner.”

Manateq has also signed last year a memorandum of understanding (MoU) with QIB to

facilitate financing for its logistics parks investors. Under the agreement, investors in Manateq’s four logistics parks – Jery Al Samur, Birkat Al Awamer, Al Wakra and Aba Saleel – can raise 60% of their project financing against land and personal guarantees from QIB.

The finance partnership demonstrates Manateq’s ongoing client support approach which earlier this year also saw the company offering investors in its all logistics parks and industrial zones a nine months’ rent exemption to help them better navigate business difficulties experienced during the COVID 19 pandemic.

Nasser Al-Attiyah was crowned the champion of Manateq Qatar Cross Country Rally, the opening round of the Cross Country Rally World Cup, Yazeed Al-Rajhi 2nd and Jakob Przygonski 3rd, with the presence of the PR and Marketing Director at Economic Zones Company (Manateq) represented by Mr. Ibrahim Al-Fadalah, Mr. Abdul Rahman Al-Mannai, President of the Qatar Motor & Motorcycle Federation, Mr. Sultan Al-Muraikhi, CEO of the Qatar Motor and Motorcycle Federation, and Mr. Abdul Razzaq Al-Kuwari, Secretary General and member of the Board of Directors of the Qatar Motor and Motorcycle Federation.

Mr. Al Fadala, also received the award for Manateq sponsorship during the launch of Manateq Qatar Cross Country Rally for being the Title Sponsor of Qatar motor and motorcycle federation events and activities.

Fun and games, plus tons of activities at Katara as Manateq celebrated the 7th edition of Qatar National Sports Day 2020. The event included recreational completions such as volleyball, kids football, boxing, table tennis, baby foot and billiards.

The State National Day Celebrations organizing committee Honored ” MANATEQ” for its commitment to sponsorship of Qatar National Day celebrations 2018 As Al Seeb sponsor.

Mr. Ibrahim Issa Al Fadala, PR& Marketing Director received the Sponsorship award on behalf of MANATEQ from H.E. MR. Salah Ghanim Al Ali, Minister of Culture and Sport in the ceremony of the sponsors of Qatar national day celebrations 2018 which was held in “Darb Al Saai” on Sunday 16 December 2018.