HE the Minister of Municipality Abdullah bin Hamad bin Abdullah Al Attiyah has issued Ministerial Resolution No. (123) of 2024, reducing the rental value of the Ministry's industrial zone lands, with the aim of supporting the growth of the national economy, enhancing the role of the private sector in diversifying the economy, and contributing to supporting the development process witnessed by the country.
HE Al Attiyah said in a statement that issuing the decision comes as part of the Ministry's recent strategy and in implementation of the objectives of the Third National Development Strategy 2024 - 2030, which aims to achieve sustainable economic growth, improve market mechanisms, and competitiveness of the local product, within the framework of the continuous efforts in the state to achieve Qatar National Vision 2030.
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.
