Qatar Economic Zone 1 may open in 2016 Q4.
The first of Qatar's three planned economic zones may be open for business by the fourth quarter of 2016, according to Fahad Rashid Al-Kbi, CEO of Qatar Economic Zone Projects.
Speaking to CW Online, Al-Kbi added that the opening of the third economic zone could follow soon after in 2017 Q2.
"We have a phased approach on all the economic zones. The master planning of Zones 1 and 3 will be ready by the second quarter of 2014. Economic Zone 1 will hopefully be ready for business by the last quarter of 2016. The expectation for the opening of Zone 3 is the second quarter of 2017," said Al-Kbi.
He added that Zone 2 is currently on hold and that the current focus is on making progress with Zone 1, which is currently being masterplanned by AECOM, and Zone 3 - the masterplan of which has just been awarded to Worsley Parsons.
"Zone 3 will be near the New Doha Port, which is set to be commissioned by 2016, and we are aiming to have Zone 3 ready by the second quarter of 2017. We have already awarded the masterplan of Zone 3 to Worsley Parsons and hopefully the construction project will follow a few months after it is finished," Al-Kbi said.
Located near Hamad International Airport, Zone 1 will cover around 4 km[sup.2] and is assigned to logistics and air freight, electronics, pharmaceutical industries and global warehouses.
Zone 2 is planned for a site near Doha Industrial Area and will cover around 12 km[sup.2] , while the 33.5 km[sup.2] Zone 3 is set to handle small to medium industrial companies in major sectors such as downstream metals, downstream petro-chemicals, maritime and other industries.
"These zones can play a major role in the economic boom which is happening in Qatar and the supply of a lot of the materials that we are currently air-freighting into the country," Al-Kbi said.
"Economic Zones Company will be able to ultimately offer a total area for development that is about 25% larger than Doha's current overall industrial area. It will definitely provide the most efficient and sustainable economic zone commercial environment to support the business activities of clients and further attract more companies to set up their businesses in the zones" he added.
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