120 new factories in Qatar since siege; 60 more to be ready in 2019

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120 new factories in Qatar since siege; 60 more to be ready in 2019

Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari revealed the establishment of 120 new factories in Qatar since the blockade, 60 more establishments will be completed in 2019.

During an interview with Al-Rayyan TV, Al-Kuwari said "As of now we have 809  licensed factories in the State of Qatar with an investment of over QR 250 billion, 70% of which are gas and oil related industries, and basic industries such as iron and aluminum, and 30% medium and small industries

He portrayed the endeavors of the private sector amid the last time frame as "tremendous" at all levels and not just at the modern dimension. For instance he pointed that for milk Qatar was 100% reliant on import however at this point there are 14 thousand dairy cows and 10,000 non- milking cows, and local dairy generation currently covers 100% of the loca needs. 

 

Al Kuwari said that We received goods from one or two markets before blockade and now we have opened up to the European, American and Asian markets. The goods and products are now available at more competitive rate and  reach the Qatari market faster.

Talking on the features of the law on foreign ownership in real estate, the Minister of Commerce and Industry said that the new law will permit the development of free remote proprietorship in 10 regions of the nation, grow the utilization of land in 16 new zones, and permit possession in business edifices and private manors. 

He called attention to that the State of Qatar has seen the biggest jump in the land part in accordance with the State's way to deal with opening up remote venture. It is a piece of Qatar Vision 2030 and the Qatar Strategic Plan 2018-2022, which is an essential pattern that will animate the land showcase and the business and the travel industry advertise. 

The law will likewise have a decent return for drawing in financial specialists, vacationers, business development and the travel industry division.

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