Announcement of launching investment opportunities to develop three beach resorts in Qatar in a partnership between the public and private sectors

Meeting by Ministry of Commerce and Industry organized in cooperation with Qatar National Tourism Council

The Ministry of Commerce and Industry organized, in cooperation with the Qatar National Tourism Council (QNTC), today, Thursday, January 14th, 2021, a meeting for investors concerned with the tourism sector.

The meeting was held at the Doha Exhibition and Convention Center and featured the offering of investment opportunities to develop three beach resorts in Qatar – in Fuwairit, Ben Ghanem and Ras Abrouq – in the framework of a public-private partnership.

The initiative to offer investment opportunities to establish beach resorts falls within the public-private partnership framework, which is part of the State’s efforts to achieve the Qatar National Vision 2030 (QNV 2030). The QNV 2030 aims at consolidating economic diversification and supporting non-oil sectors, especially the tourism industry which plays an important role in strengthening Qatar’s leading position as one of the most prominent tourist destinations regionally and globally.

Qatar National Tourism Council Secretary General and Qatar Airways
Group Chief Executive, His Excellency Mr. Akbar Al Baker stated: “As part of its mandate to diversify the economy by developing the tourism sector, QNTC works closely with partners across the public and private sectors to build products that showcase our country’s varied offerings and deliver service excellence. Through investment opportunities such as these, we engage the private sector in creating tourism offerings that tell Qatar’s story while providing unparalleled experiences to visitors and residents alike.”

On his part, H.E. Mr. Saleh bin Majid Al-Khulaifi, Assistant Undersecretary for Commerce Affairs at the Ministry of Commerce and Industry, praised the level of cooperation between the Ministry and the National Tourism Council.

H.E. said the initiative to offer investment opportunities to establish beach resorts in partnership between the public and private sectors was the first of its kind in Qatar and represented an important step in supporting the private sector and enhancing its contribution to achieving the National Vision.

H.E. Mr. Saleh bin Majid Al-Khulaifi further stated that the public-private partnership, organized under Law No. 12 of 2020, was based on a solidly-founded, principled partnership. This partnership allows government sector entities to focus on their specialties, preserve State resources and rationalize their use, H.E added.

H.E. said it ensures that the government does not compete with private sector institutions and companies and allows both to play key roles as vital partners in shaping the national economy’s future.

H.E. noted that the Ministry, in cooperation with QNTC, had taken the initiative to determine the requirements to establish beach resorts in three regions. The Ministry is well-aware of the importance of stimulating the tourism industry and attracting tourism investments in areas that would support the contribution of local tourism to the economy’s non-oil GDP. Through this initiative, the Ministry aims to make local tourism a main contributor to achieving Qatar’s economic diversification.

Engineer Badr Mohammed Al-Meer, Chief Operating Officer at Hamad International Airport, delivered a presentation on the technical specifications of the three investment opportunities. He touched on the projects’ geographical locations, areas, facilities and services.

Engineer Mohamed Al-Adham, Director of the Public-Private Partnership Department at the Ministry of Commerce and Industry, touched during his intervention on the partnership contracts to be approved for the three investment opportunities, the scope of their operation, the mechanism for winner selecting, the basic evaluation criterias, and the requirements that must be met by investors applying for these opportunities, in addition to the obligations to be met by the winning investors.

 

Source: Ministry of Commerce and Industry

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