Qatar Chamber board member
lauds decision
Qatar Chamber board member Abdulrahman bin Abdullah al-Ansari has lauded the issuance of Ministerial Resolution No (123) of 2024, which lowers the rental value of the ministry's industrial zone lands.
Al-Ansari, who is also the chairman of the chamber’s Industry Committee, told Gulf Times in an interview that the Ministerial Resolution will create a positive impact in different sectors across the country.
He expressed optimism that this development will propel growth in Qatar’s industrial sector, as well as drive the creation and exports of products bearing the ‘Made in Qatar’ trademark.
“There is no doubt that this decision will help a lot and its impact will also be reflected positively in the cost of products and services, as well as in other sectors like logistics and manufacturing," al-Ansari explained, noting that the Ministerial Resolution was issued at an appropriate time, citing economic headwinds being experienced worldwide.
According to the decision, the rental value of land allocated for commercial activities will be reduced from QR100 to QR10 per square meter annually, while the rental value of lands for logistics projects will be reduced from QR20 to QR5 per square meter annually, and lands with an industrial license from QR10 to QR5 per square meter annually.
The ministerial decision clarified that if the land area is used for commercial activity other than industrial or logistical activity, the full rental value will be QR10 per square meter annually - the same rental value for each of the food sales outlets for the covered area of the existing facility, and the lands used for commercial activity as a service annex to the industrial or logistical activity, and petrol stations and their supporting services, and car service stations, according to the covered area of the commercial building, and the one used for these services.
The decision indicated that in the event that the lands are used for non-commercial activities, such as workers' housing as a service annex to the industrial or logistical facility, the rental value will be QR 5 per square meter annually. For the lands fully used for residential use, the rental value will be QR10 riyals per square meter annually.
When land is used for exhibition activities, the rental value is calculated at QR5 per square meter annually if it is for displaying goods produced, manufactured, or stored on the site for the same existing activity, according to the facility contract and used by the plot tenant himself, and at QR 10 per square meter annually for the area covered by the existing exhibition, if it is for commercial use, and for someone other than the actual investor of the land.
Under the new decision, the ministry's industrial zone lands will be utilised for a period of 25 years, starting from the date of receipt of the leased land, with the possibility of reviewing the rental value every five years, starting from the date of implementation of the ministerial decision. After the expiry of this period, the Minister of Municipality may reconsider this value.
The ministerial decision shall come into effect on the day following its publication in the Official Gazette.
