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The country’s real estate market is expected to witness some adjustments in rent prices after Qatar’s hosting of the 2022 FIFA World Cup, which is slated from November 21 to December 18, according to an official of Cityscape Qatar. Cityscape group director Chris Speller told Gulf Times on the sidelines of the recently-concluded event that the market is anticipating lower rents in 2023, citing the UAE’s post-Expo 2020 experience. “I think there will be an adjustment after the World Cup; the UAE recently hosted the expo and prior to this event, rents and pricing structures are high, and perhaps that will be similar here because after the expo, we’re now seeing a decline and what becomes a new norm,” Speller explained. But Speller also stated that global conflicts, inflation, and supply chain challenges, among other factors, will still have an impact on the real estate market, among other sectors. “I think some areas of the world are continually being impacted because of various situations; global issues like what’s happening in Ukraine and around the supply network of oil and gas – these are elements that are outside of everybody’s control. Also, we still have to import raw materials and around the world, countries are very reliant on each other, so those are also going to continue to have an impact. “What we don’t know is how much of an impact this is going to have. For example, where does our steel come from, where do some of those raw materials come from, and how is that going to impact the real estate market?” Speller explained further. He said: “We have another Cityscape – a very large show over in Egypt. Currently, the developers in Egypt are unsure how much to sell their products because they don’t know how it’s going to cost to build it because of the raw materials; the cost of steel has increased by 300% in Egypt and they also have problems with foreign exchange rates and inflation rates.” Earlier, Speller said new master developments would be announced next year as Qatar shifts its attention from the World Cup to focusing more on its plans to achieve the goals of Qatar National Vision 2030. He said Qatar will start to announce new projects coming into the market in 2023 and that the government will continue with its economic diversification strategy by bringing in new industries across different sectors, as well as other initiatives that would drive growth and development in the country’s economy.  

Qetaifan Projects and JMJ Properties signed a memorandum of understanding (MoU) on the sidelines of Cityscape Qatar 2022 on Wednesday for a QR600mn investment project to rise in Qetaifan Island North. The MoU was signed by Qetaifan Projects managing director Sheikh Nasser bin Abdulrahman al-Thani and JMJ Properties chairman and founder Sheikh Jabor bin Mansour al-Thani. The signing ceremony was attended by Qetaifan Projects officials Hesham Sharaf, chief operating officer, and Sheikh Nasser bin Abdulaziz al-Thani, head of Business Development, as well as Sheikh Faisal bin Mansour al-Thani from JMJ Properties. Qetaifan Projects and JMJ Properties will develop a mixed-use five plots of mid-rise located at the southern area of Qetaifan Island North. The plot area is approximately 25,000sqm with an investment value of QR600mn. Sheikh Nasser bin Abdulrahman al-Thani said, “Collaborating with local companies and the private sector is part of our strategy to work on the development of Qetaifan Island North, in addition to being part of the success system that we developed in Qetaifan Projects, which prioritises residents and visitors, and this will also reflect positively on different sectors. “Despite all the challenges, there’s no doubt that the continuous foreign and local investors' interest is only a proof of the investor’s trust in the development of the Qetaifan Island North project, and despite the responsibility that such trust places on us, we are pleased with this local investment on Qetaifan Island North.” Sheikh Jabor said, “Achieving a long-term economic vision through a strategic partnership with Qetaifan Projects and by investing in Qetaifan Island North to enrich Qatar’s sustainable real-estate development market is essential to serve all sectors.” Sharaf said, “Partnerships are a necessity to the success of any real estate development, particularly the promising and sustainable projects such as the Qetaifan Island North project, which provides all the services and facilities that will make it a recreational destination that offers a whole new lifestyle.” Sheikh Nasser bin Abdulaziz al-Thani said, “We are optimistic about this partnership and there’s no doubt that we will be working together to make this partnership a success, thus contributing to the success of the Qetaifan Island North project, which we seek as a team at all levels.”    

Cityscape Qatar, which concluded on Tuesday, produced an increase in international interest amid a raft of new project launches, unit sales, and growing demand, according to Chris Speller, Cityscape’s group director. “We are extremely excited to see such interest across all asset classes both locally and internationally," the official said while referring to the three-day event. "Cityscape Qatar has once again proven to be a catalyst for announcements, investment opportunities, and face-to-face meetings. The new product launches, onsite sales, and new signings are testament to the growth phase the Qatari real estate market is currently witnessing.” On Cityscape’s second day, Turkish ambassador Mustafa Goksu toured the Doha Exhibition and Convention Centre and visited the inaugural Turkish pavilion for updates on the latest opportunities being offered in both Qatar and Turkey. Sekib Avdagic, president of Istanbul’s chamber of commerce, said his country’s first participation at Cityscape was “an unmissable opportunity” for Turkey to highlight some of its new projects and attract international investment. Avdagic said, “Cityscape Qatar is a great opportunity for us. For the first time, we are hosting a national pavilion made up of 14 investment and real estate companies all looking for opportunities. This platform is a highly important avenue for the promotion of Turkish real estate projects with the aim of attracting high net worth investors.” Jamal Mourad, CEO of Bin Al Sheikh Real Estate Development, said: “Part of our focus for the company is to rebrand and we now have some large-scale projects to showcase, which is why we decided to exhibit this year. We are showcasing both our QR1.2bn Ramada project, as well as Ain Khalid Mall, which will open in two months. “We are here to finalise reservations of 55 shops and a hypermarket. So far, we have sealed four deals, including a residential area of 70 villas, and we have met with experts from the real estate commercial sector who will support us with insight for our Ain Khalid project.” Mart Real Estate general manager Zakaria Abdullah said, “We managed to sell a full floor in our upcoming project Seville Residences, which is located in the Fox Hills district of Lusail City. We sold nine units to one buyer for a total of QR11.5mn, reinforcing the current appetite for demand and confidence in the short to long-term rental market.” Sana Kheir, managing director of Mayfair Property Group, said: “The lockdown slowed both business activity and investment in the real estate market. We felt that this edition of Cityscape Qatar was a perfect opportunity to get back out there and meet people since we are witnessing an increased appetite for investment in the market. “Also, with the FIFA World Cup approaching, this will create momentum in diversified investment markets. Our greatest strength is that we are coming to the market with high-quality collaborations in different parts of the world and have seen heightened investment opportunities in locations, such as the US, the UK, and the UAE.” Ends    

* PM toured various sections of the exhibition and was updated on the most prominent real estate projects   HE the Prime Minister and Minister of Interior Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani toured the 10th edition of Cityscape Qatar 2022, which concluded on Wednesday at the Doha Exhibition and Convention Centre (DECC). During his visit to various sections of the exhibition, the Prime Minister was updated on the most prominent real estate projects in the country, presented by government agencies and institutions, as well as Qatari and regional real estate companies. He also listened to a briefing on the readiness of real estate projects to host fans of the 2022 FIFA World Cup and the commercial and investment opportunities available to visitors of the exhibition. Sheikh Khalid spoke with senior representatives from local firms Qatari Diar, Qetaifan Projects, Bin Al Sheikh Real Estate Development, and Mart Real Estate. The Prime Minister also spoke with international developers DAMAC before proceeding to the Turkish pavilion. The Prime Minister’s visit to Cityscape yesterday also coincided with several signing ceremonies between major companies in the property sector, wrapping up the three-day event, which was rife with several real estate launch rites and foreign direct investment (FDI) opportunities. Qetaifan Projects signed a deal yesterday with the Royal Institute of Chartered Surveyors (RICS) to collaborate closely on the integration of international sustainability standards – a key pillar of Qatar National Vision 2030. The signing ceremony was led by Jordan D’Gama, head of insight, strategy and success at RICS, and Hesham Sharaf, chief operating officer at Qetaifan Projects. Speaking about the partnership, Sharaf said stronger collaboration and support “can ultimately produce genuine, tangible results.” He said, “With sustainability high on the agenda for all real estate stakeholders, we are pleased to confirm both RICS and Qetaifan will be pledging their support for the International Property Measurement Standard (IPMS). This is a universal measurement standard that forms the basis of sustainability metrics, valuation, and building efficiency. “IPMS is expected to bring confidence and transparency to international property markets through the introduction of a consistent method for measuring property. It will overcome the existing concerns and confusion that can arise through the use of multiple measurement standards throughout the world. These can lead to deviations of up to 24% in building measurements, so it is no small matter.” Cityscape group director Chris Speller said, “As we close the doors on our 10th edition in Qatar, it is fantastic to see such a buzz around the show floor with real, tangible business being conducted. “As we look forward to the FIFA World Cup and the positive impact it will have on various economies, including real estate, we can’t wait to see what other opportunities will arise for our partners, stakeholders, and visitors at Cityscape Qatar 2023.”    

 New master developments across the country’s landscape are on the horizon after the 2022 FIFA World Cup, which is not only a major sports event but also an opportunity to showcase the investment opportunities Qatar has to offer, an official of Cityscape has said. “The vision of the country doesn't change and doesn't falter – the government has Qatar National Vision 2030 … after the World Cup, the country can get back to its focus on driving inbound investment,” Cityscape vice-president Chris Speller told Gulf Times on the sidelines of the event’s 10th edition. “They will start to announce all those new projects coming into the market.” Cityscape Qatar was officially opened on Monday by HE the Undersecretary of the Ministry of Commerce and Industry Sultan bin Rashid al-Khater. The event, which concludes today (June 22) at the Doha Exhibition and Convention Centre (DECC), gathered more than 60 exhibitors from Qatar as well as from Cyprus, Egypt, Pakistan, Turkey, the UAE, and the UK to highlight the latest real estate project launches in the region ahead of the World Cup. “In 2023, the country will be focusing on its original vision 5-year plan, so it has many different plans for new master developments, how it’s going to be attracting different industries, and how it’s going to focus that economic diversification,” Speller said. “And the only way of delivering diversification is by actually bringing new industries and industry sectors into the market, be that from a technology or a financial side, but the country will get back to focusing on its long term vision and delivering the mission that would drive the country’s growth and economic diversification.” Amid the various challenges of the pandemic, he said the Cityscape exhibition has witnessed growth, which, he described as "an opportunity based on the participation of local and international participants and a balance between the two.” According to Speller, HE the Prime Minister and Interior Minister Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani requested Cityscape “to move from a local to a more international event.” He said this year’s edition had 70% international exhibitors and 30% from the local market. “There’s a mixture of reasons for that. A lot of the master developers who you’d normally see at Cityscape are not here this year because their focus is on delivering the projects around the World Cup. “Also, we’ve only had around six to seven months to deliver this year’s event, so there’s a short turnaround. This year’s event feels quite different than previous years and I think in 2023 after the World Cup, our direction will go back to seeing both the international and local market, as well,” Speller explained. He said, “Last year, we obviously didn't see many of the international participants because there was still difficulty getting into the country…we hope what's going to be a true reflection is 2019 on 2023 where we believe we’re seeing significant growth into this exhibition. “While many of those master developers were unable to rejoin this year, we’ve already had conversations with them today and there is certainly a real ambition from all of them to be returning in 2023 along with the other international participants, so that gives the show the opportunity for growth,” Speller pointed out. Speller also anticipates that the new development opportunities to be announced next year would be focusing on smart cities, technology, innovation, and lowering carbon footprint, as well as how to support homeowners and the commercial, tourism, and hospitality sectors.    

Qetaifan Projects announced on Tuesday the launching of the waterside retail, café, and restaurant units along the canal of Qetaifan Island North on the sidelines of Cityscape Qatar, which concludes today (June 22) at the Doha Exhibition and Convention Centre (DECC). The waterside retail and festival plazas are operated by Rixos Hotels, along with the beach club, hotel, and “Meryal” waterpark. The retail services on the island include canal-side cafes and a range of restaurants – from quick service to exotic fine dining. The retail and festival plaza areas include 92 units with a capacity for 6,500 people, including the Meryal waterpark area. It is worth mentioning that the waterside retail, café, and restaurant units are in three adjacent locations around the world-class waterpark Meryal, 5-star luxury hotel run by Rixos Hotels, and at the entertainment and Souq areas, with a total area of 12,300sq m on the banks of the canal, in addition to 1,400sq m of parking spaces. The retail and festival plaza units are important to all regions because it works as an attraction spot, and the attraction increases depending on the region and the facilities surrounding it,” Qetaifan Projects managing director Sheikh Nasser bin Abdulrahman al-Thani said. “The retail plaza and festival plaza units are located at the heart of the island and are among other assets; they are considered as the main engine of the surrounding facilities, perhaps the most prominent of which are the Meryal waterpark, beach club, and hotel, in addition to the facilities that the retail and festival plaza units are providing on the canal-side and the various entertainment events that will contribute effectively to the revitalisation of tourism.” “The retail units are part of Qetaifan Island North real estate development plan, which in turn will also enrich the business assets at Lusail City,” said Qetaifan Projects chief operating officer Hesham Sharaf. “We are very proud to announce the release of the restaurant, café, and retail units, which lie at the heart of Qetaifan Island North,” said Rixos retail director Adrian Camps. “This will support the incredible iconic water park and Rixos 5-star hotel, and will provide the most amazing canal-side retail and dining experience in the Middle East.”    

 Whilst most of the establishments in the retail industry during the last couple of years have based their focus on developing business strategies for expansion, LuLu Hypermarket is aiming to set a benchmark for the company’s carbon reduction targets and circular economy best practices. Dr Mohamed Althaf, director, LuLu Group International, stated that LuLu Group has achieved sustainable operations certification for various outlets in Qatar as part of its ongoing efforts to reduce energy, water, and waste, and to incorporate sustainable practices. “A team was formed with a broader vision to reduce LuLu’s carbon footprint by 50% before 2030 and to achieve carbon neutrality by 2050. The project and the operations team started working on this broader dream by taking appropriate measures of studying and identifying the areas for reduction opportunities in energy, water, and waste. “The knowledge gained during the study was used to identify and quantify the savings gained from both the project and the operations. A central repository of data was created to store and review the cost incurred for energy and water procurement and waste removal during the operations. This data helped to justify the importance of adopting new sustainable practices and quantify the value of such practices,” Althaf explained. A leading retailer exercising sustainable best practices, Althaf said LuLu paved the way in its commitment to sustainability by taking “real and demonstrable measures” to protect the environment and contribute to reducing carbon emissions and food waste. As a recipient of the Sustainability Award 2019 at the Qatar Sustainability Summit, LuLu has highlighted its efforts to promote environment-friendly practices in its operations and 18 stores in Qatar, as well as in the community at large. The conglomerate has strong CSR policies to bring a reduction in the increased environmental concerns, he pointed out. Althaf said LuLu Group has framed its own strategy on sustainability, which is put into practice in all its retail units and supply chains worldwide. “LuLu is deeply committed to reducing its impact on the environment and taking real and lasting steps to ensure this. As part of our commitment to Qatar National Vision 2030, we have been actively working to reduce carbon emissions and food waste, as well as promote healthy eating,” Althaf stressed. LuLu Hypermarket, the retail division of multidimensional and multinational conglomerate, Lulu Group International, has always been known as a trendsetter of the retail industry in the region, Althaf emphasised. He said LuLu’s operations cover business divisions in the retail segment for the popular hypermarket brand, shopping mall destinations, food processing plants, wholesale distribution, hospitality properties, and real estate development. “The group has proved resilient despite the challenges caused by the pandemic. Two new stores were opened in 2020 in the region amidst the pandemic, and with that, LuLu in Qatar today symbolises quality retailing with 18 stores and is immensely popular with the discerning shoppers in the region. It is stated that the firm’s retail portfolio in Qatar will reach 22 stores by the last quarter of the current fiscal year,” Althaf emphasised. He added: “As an ardent promoter of ‘Made in Qatar’ products, LuLu provides dedicated retail space and point-of-sale terminals for locally-manufactured food products. The company has started sourcing its private label products locally, ensuring uninterrupted supplies and stock availability. LuLu engages closely with local farmers through a variety of support schemes and promotional initiatives to enhance supply and demand.” Ends Some of the sustainable best practices implemented by the LuLu team are as follows: •    GSAS-Op certification - LuLu Hypermarket in Qatar has become one of the first retailers in MENA to achieve sustainable operations certification under the Global Sustainability Assessment System (GSAS) from the Gulf Organisation for Research & Development (GORD). •    Building Management System - BMS has been installed for buildings to efficiently manage the assets associated with the building ventilation and lighting; •    Cloud energy optimisation system - Honeywell forge has been installed to efficiently manage and optimise the energy used during the operations; •    LED - Use of LED is being encouraged for upcoming projects and existing projects are gradually being shifted to LED from conventional lights; •    Light control system - Light control systems assisted with motion sensors are being considered to optimise the use of energy, especially in the warehouse operations; •    Designing new buildings with energy efficiency in mind; •    Energy efficient chillers - Procurement of new energy-efficient chillers that optimise the use of energy and increase the cooling efficiency; •    Submeter for tenants - To manage the water consumption and energy submeters are being implemented in tenant spaces; •    Dual flush system for WCs - New projects are being encouraged to use the double flush system to reduce the water usage; •    Waste segregation and separation from the source - Outlets are being encouraged to segregate their waste for easy disposal and collection. Three compartment bins are implemented in all general areas to encourage customers in waste segregation; •    Food waste digesters - Food waste digesters are being used to efficiently manage the food waste generated in the operation. An innovative food waste solution called ‘ORCA’ recycles food waste by breaking it down into water (mainly), and some carbs, fats, and proteins, which are then captured or repurposed. This is currently being trailed at LuLu’s Bin Mahmoud store; •    Reverse vending machines have been procured and implemented in multiple outlets to encourage and educate customers on the segregation and recycling of plastic bottles and cans; •    Reusable bags have been introduced and promoted in all the outlets, encouraging customers to reuse their shopping bags thereby reducing the fresh plastic in the system; •    Recycle - Recycling of paper waste and oil waste is done and encouraged throughout with the help of recycling partners that efficiently divert these materials from landfills and recycle them back into the system; •    Setting in place a policy around the correct collection and disposal of used cooking oil; •    Reduce the amount of plastic in packaging. -    Introduction of Refilling Stations -    Introduction of Kraft paper bags -    Biodegradable Packaging made with sugarcane pulp, used for packing in-house kitchen products; •    Be efficient and eliminate waste in our operations -    Controlled production -    Controlled ordering of raw materials; •    Increase in the consumption of locally sourced ingredients; •    Promoting sustainable suppliers and products; and •    Introduction of plant-based food options. Ends    

Qetaifan Projects on Monday unveiled the name of the Qetaifan Island North Waterpark – ‘Meryal’, including a live visual of the attraction, highlighting the opening of Cityscape Qatar’s 10th edition, which will run until June 22 at the Doha Convention and Exhibition Centre (DECC). The unveiling ceremony was led by Qetaifan Projects managing director Sheikh Nasser bin Abdul Rahman al-Thani in the presence of Qetaifan Projects business development head Sheikh Nasser bin Abdulaziz al-Thani, and COO Hesham Sharaf, as well as the Qetaifan Projects team. Qetaifan Projects is a real estate development company fully owned by Katara Hospitality and the developer of Qetaifan Island North. Sheikh Nasser bin Abdul Rahman al-Thani said: “The name Meryal comes from our love for the Arabic language. It showcases our history and culture that we take pride in and it carries a word from the Qatari dialect to the world, which we hope will resonate worldwide with the promising future of Qetaifan Island North as a touristic haven and the waterpark as an entertainment and a cultural landmark added to other landmarks in Qatar.” The emblem and the name of the waterpark were inspired by the Qatari culture, while the design of the waterpark was inspired by the history of the oil and gas discovery in Qatar. The name of the waterpark is easy to pronounce by everyone despite differences in language. “The dream of Qetaifan Island North is about to become a reality: a project that started as a development of a waterpark that reflects our culture and history of the oil and gas discovery to the world and a contribution to the exposure of our identity that we take pride in. “We are truly happy with what we have accomplished so far, especially given the challenges we have faced over the past couple of years. On behalf of Qetaifan Projects, we are proud to be working on this huge national project and we aspire to compete with and promote this distinct real estate project to international levels as the first recreational touristic destination that contributes to the promotion of our culture, as well as working to serve the country’s different sectors – perhaps the most prominent of which is the tourism and hospitality sectors,” Sheikh Nasser bin Abdul Rahman al-Thani added. The waterpark area is approximately 281,000sq m, which comprises 36 waterslides and the Icon Tower – up to 85m high with 12 waterslides for the adventurous and excitement enthusiasts, leading as the world’s tallest waterslide by Guinness World Records. It will also include a discovery game with a 3D display and augmented reality technology that will take visitors on a historic journey back in time to learn more about the history of oil and gas discovery in Qatar and experience it first-hand. Sheikh Nasser bin Abdulaziz al-Thani said, “The design of the waterpark was inspired by the history of the oil and gas discovery in Qatar, adding to it a historical and a cultural aspect, and establishing the identity of the waterpark. “The colours used in the waterpark are rusty to give the visitors an idea and the feel of the oil and gas fields but in the form of a waterpark. There is no doubt that there is nothing better than the history of the discovery of oil and gas in Qatar, which is actively contributing to the development of our country, as well as promoting and showcasing our history and culture.”    

Cityscape Qatar is shining the spotlight on the future of the region’s real estate as the 10th edition of the event was officially opened on Monday by HE the Undersecretary of the Ministry of Commerce and Industry Sultan bin Rashid al-Khater. The event, which will run until June 22 at the Doha Exhibition and Convention Centre (DECC), is highlighting the latest real estate project launches in the region ahead of Qatar’s hosting of the 2022 FIFA World Cup. More than 60 exhibitors from Cyprus, Egypt, Pakistan, Turkey, the UAE, the UK, and Qatar are prepared to meet visitors to discuss the region’s real estate industry and unveil a variety of prominent development projects. Following the undersecretary’s tour of the exhibition hall, Qetaifan Projects announced during an unveiling ceremony that ‘Meryal’ is the name of the Qetaifan Island North Waterpark. Qetaifan head of Business Development Sheikh Nasser bin Abdulaziz al-Thani said, “Over the next three days at Cityscape, we will be officially announcing our waterpark name and launching our Retail Plazas project. Alongside the launches, visitors will have the final chance to purchase the last remaining villa plots for sale ahead of fully selling out our latest projects.” Also taking place yesterday was the first of a series of free ‘Cityscape Talks’ conference sessions, which is aligned with the four pillars of Qatar’s National Vision 2030: sustainable, resilient, affordable, and liveable. The agenda included talks on the digitalisation of Qatar’s real estate sector by Aqarco leadership; a look at the green legacy for Qatar by hospitality leaders Raffles & Fairmont Doha, InterContinental Doha the City, and Cundall; as well as a strong focus on sustainable construction and how the country’s real estate market may look after this year’s FIFA World Cup by Qatar ValuStrat. Speaking at the conference, Orjan Lundberg, sustainability expert, Supreme Committee for Delivery and Legacy (SC), said: “We see that the FIFA World Cup has been and is still a catalyst for national development on many fronts, including carbon incentives. Sustainability has been a core topic for this event from the planning stage. “The feedback we have received so far from FIFA is that this is the most comprehensive sustainability programme they have had to date. However, we do need the support of the wider real estate and hospitality sectors to support us in achieving a big sustainability push nationwide.” For the duration of the event, visitors can meet leading developers, including DAMAC, Regal London Properties, Aqarco, and Akam Developments. The industry is gearing up for a busy event season in Qatar with new projects offering investors state-of-the-art residential developments, commercial units, and luxury hospitality projects. Aqarco chairman Dr Ahmad al-Khulaifi said, “The importance of bringing together investors, developers, and government entities for better collaboration ahead of the country’s busy international event schedule is essential.” He added: “Cityscape Qatar is the right platform for us to introduce Aqarco into the market after our launch earlier this year. The platform allows real estate developers, investors, and potential clients to meet and understand the demands of the market as we approach a busy period for Qatar. Ends    

talabat Qatar has been a strong supporter of the ‘Made in Qatar’ trademark. Not only is the company active in the local distribution of National Products but also in the regional markets. In an interview with Gulf Times, Francisco De Sousa, the company’s managing director, gives a brief rundown of talabat Qatar’s plans in the pipeline – pre- and post-FIFA World Cup 2022, as well as its recent achievements, including the ‘Great Place to Work in Qatar’ 2022 certification. Gulf Times: Kindly elaborate on talabat Qatar’s initiatives that help promote national products in both the local and international markets? De Sousa: Made in Qatar products have considerably increased. We have witnessed this tremendous growth and we have been following this trend very closely. In 2021, we were able to export ‘Made in Qatar’ products to talabat in Kuwait. These products included major brands such as Batato’s, Doha Dates, QFM flour, and Qatar Pafki, among others. This initiative, which took around nine months to complete, led to an interest in Qatari products from importers in Kuwait. At least 30% of Qatari companies started to do business with their counterparts in Kuwait after the launch of this initiative. What are the company’s recent achievements? As the only tech organisation to be awarded the certification of ‘Great Place to Work in Qatar’ in 2022, talabat has been an active contributor to the Qatari economy and beyond through many different initiatives. We’re really proud to be the first tech organisation in Qatar to receive this prestigious certification and to be rated in the top 5 rank of the Best Places to work in Qatar in 2022. And what’s more important is that to receive it, talabat’s own employees need to rate the organisation, and as any business owner knows, their employees are often their harshest critics. We are very lucky to have a committed tight-knit team that works together and works hard to put our entire ecosystem – our riders, vendors, customers, and community – at the heart of everything we do. It is also a testament to our culture – that while we grew immensely when everyone was working from home, our values and our collaborative spirit remained strong. We’re a youthful and energetic team with a ‘make-it-happen’ mindset, bringing innovative solutions to benefit our stakeholders. For us, a key to success has always been our ‘talabatys’. We are a team of over 200 talabat employees here in Qatar, from logistics to sales, to marketing, communications, tech support, and people operations…our team works relentlessly to serve our community. What about customers and the wider community, how important are they for talabat? Experience is paramount for us. Whether it be customer, vendor, or rider experience, we strive to have the best experience possible for all three parties. We’re proud to be the flag bearers for experience in Qatar. We’re also so thankful to have such a generous, amazing society in Qatar. Last year, our customers and the wider community contributed over QR2mn worth of donations to Qatar Charity, and region-wide, contributing QR1.93mn to support humanitarian efforts in Palestine. It is truly humbling to live in this society and to be able to impact the community and have a positive influence for change. I’d also like to thank our Qatari customers for riders’ tips. Since we launched cashless tipping in May 2021, Qatari customers per capita have been by far the most generous in the whole region. When choosing to tip, Qatari customers tip on average QR8 per order. Talking about contributions to the Qatari society, how is talabat contributing to the growth of the country? When it comes to our contributions in Qatar, we are equally serious about our commercial growth and our community impact. During the pandemic, our contribution to the diversification of the economy was extremely important. Our platform provided a consistent revenue source in a time of uncertainty, which helped to keep tens of thousands of people at work across the country, especially in the F&B industry. In many cases, revenue from talabat makes up a significant portion of a vendor’s balance sheet and it is our responsibility to make sure that we are helping them to grow sustainably. We take commercial growth very seriously, but also the growth of the community impact. For example, before and during the pandemic, our contribution to the diversification of the economy was tremendous, mostly with our restaurants, shops, and hotel partners. talabat has also set several partnerships with universities, corporates, and public institutions to impact the community as an agent of change. More than an asset, it is a duty for us to serve the country as best as possible. talabat is a Mena brand, but it offers different features that are not available in other countries, such as T-dine. Kindly explain why. At talabat, we use different markets to launch different products, and Qatar is seen as a great market for many new products. talabat dine is a made-in-Qatar feature and is crucial to the ecosystem as it is helping connect vendors and customers through dine-in, which is a vital aspect of the success and profitability of restaurants. While we are a tech company that focuses primarily on delivery, we are pragmatic enough to understand that for our business to be successful, we need restaurants to be successful in all of their sales avenues and we create products that will accordingly protect and advance our ecosystem. talabat was confirmed as one of the major sponsors of the Qatar Football Association. Tell us a bit more about this. At talabat, we love football! Currently, we are sponsoring the National Football and e-Sport Team of Qatar with QFA, as well as the Amir Cup. We understand that just as sharing a meal has the ability to bring people together, football also has the ability to bring people together through teamwork, camaraderie, and a shared goal. We’re proud to be sponsoring the Qatar National Team as they make their maiden appearance at the FIFA World Cup, after having had some outstanding results in recent years. For Qatari fans, we cannot wait to bring you some outstanding creative campaigns and activations for you to enjoy. What are talabat’s plans after the 2022 FIFA World Cup? Our vision is aligned with Qatar National Vision 2030 and we follow this consistently. Along the way, we want to continue the initiatives that we have implemented on environmental, social, human, and economic diversification. What we anticipate post-FIFA 2022 is the same as our vision. We strongly believe in the Qatari market and are confident that we will continue driving this change and positively impact the local market, through innovation, and our commitment to the ecosystem in Qatar

Qatar will serve as a key partner for Bulgaria, which is promoting and developing its startup and entrepreneurial ecosystems, as well as providing opportunities to tap international markets, an official of Sofia Investment Agency (Invest Sofia) has said. “I believe that the partnership we have forged with Qatar Chamber could be defined as a huge opportunity to expand to international markets, which is why I would like to underscore the importance of strengthening these ties,” Viktor Goussev, head of Investment & Business Development at Invest Sofia, told Gulf Times on the sidelines of a recently-held meeting at Qatar Chamber’s Doha headquarters. Goussev was part of a Bulgarian delegation that visited Qatar for its ‘Bilateral Trade and Potential Investment Projects’ event. The delegation was received by Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari in the presence of other chamber officials and representatives of different companies based in Doha. The delegation was led by Ahmad Muhieddine Alaeddine, the founder and chairman of the Association of Bulgarian-Arab Economic Chambers, and Tsvetan Simeonov, the president of the Bulgarian Chamber of Commerce and Industry, Invest Sofia officials, and representatives of over 20 Bulgarian companies from the food manufacturing and distribution, petroleum and chemicals, real estate investments, ICT, and construction sectors, among others. The meeting with Qatar Chamber, according to Goussev, provided a platform for establishing business contacts, productive exchange of best practices, and negotiations for potential agreements. “If we have a certain need in the market or a solution being sought in different parts of the world, our goal is to make it visible and available,” Goussev noted, adding that Bulgarian startups could provide their expertise in different sectors, aside from tech and innovation. He said: “I believe Qatar Chamber or any of Qatar’s startup organisations, together with their Bulgarian counterparts and Invest Sofia, should promote all kinds of investments – from startups with very low capital to the larger companies with huge investments – in order to create more opportunities and added value.” Goussev pointed out that plans in the pipeline include the exchange of delegations between Qatar and Bulgaria comprising different startups and entrepreneurs from both countries. “The aim is to be represented everywhere and to maintain a good relationship with our partners, so we could build a robust business relationship with them. In the past two years of the pandemic, we have been very active in attending online events related to startups and entrepreneurship. Now that many countries are easing Covid-19 restrictions, we are looking forward to participating in upcoming conferences and similar events in person,” he added. According to Goussev, the agency is part of the ‘Compass for Entrepreneurship’ project, a joint initiative by Invest Sofia and the Digitalisation, Innovation and Economic Development Department of Sofia Municipality. On its website, Invest Sofia stated that “the project aims to develop a comprehensive and accessible tool for all entrepreneurs who start a new business in Sofia or Bulgaria. The compass will feature all the opportunities for support that municipal, state, financial, and business organisations currently offer to entrepreneurs in Bulgaria, including open projects under national or European programmes.” Goussev said the compass is also aiming to provide Bulgarian startups and entrepreneurs access to international markets, such as Qatar, which also boasts of a burgeoning startup ecosystem. “Aside from the European market, we are deeply focused on an international level, hence our visit to Qatar for instance. A market is still a market regardless of geography. If one country needs a certain product, it doesn’t matter where the market is across the globe. “Participating in a delegation such as this is very important to both sides because the exchange of expertise, experiences and best practices, and networking will help build the community,” Goussev stressed.    

Qatar and Bulgaria have recorded a 38% growth in trade exchange in 2021, according to figures from Qatar Chamber whose officials met Tuesday with a delegation from Bulgaria. Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari welcomed Ahmad Muhieddine Alaeddine, the founder and chairman of the Association of Bulgarian-Arab Economic Chambers, and Tsvetan Simeonov, the president of the Bulgarian Chamber of Commerce and Industry, during the meeting held at the chamber’s Doha headquarters. According to al-Kuwari, the volume of Qatar-Bulgaria trade exchange stood at QR109mn in 2021, registering a 38% growth over QR79mn recorded in the previous year. Al-Kuwari said, “We hope that intra-regional trade will continue to grow in the coming years to reach the level of ambitions of the two countries, especially in light of the available capabilities and the firm desire of businessmen to strengthen these relations.” During the meeting, both parties discussed ways to enhance commercial and industrial co-operation relations and investment opportunities available in Qatar and Bulgaria, as well as the possibility of establishing partnerships between Qatari and Bulgarian business owners to increase trade and investment exchange. Al-Kuwari called on Qatari and Bulgarian businessmen to explore the investment opportunities available in Qatar and Bulgaria and to strengthen co-operation by establishing commercial alliances, whether in Qatar or Bulgaria. He stressed that Qatar is a promising market and that it welcomes all foreign investments, citing the country’s strong infrastructure, huge logistics capabilities, investment incentives, economic legislation, free zones, and industrial zones that provide many promising opportunities. Al-Kuwari described Bulgaria as a leading investment destination, especially in the energy, mining, machinery manufacturing, agriculture, and tourism sectors. He expressed the desire of Qatari business owners to explore investment opportunities in Bulgaria and to learn about the investment climate and the advantages that Bulgaria grants to foreign investors. “Qatar Chamber encourages Qatari business owners to take advantage of the incentives offered by friendly countries, such as Bulgaria in establishing investments and alliances that support trade relations between the two countries,” al-Kuwari said. Alaeddine said there are many opportunities for Qatari and Bulgarian business owners to co-operate and enter into joint partnerships. He said the Bulgarian side is keen to enhance co-operation with the Qatari private sector, citing members of the delegation who represent major companies specialising in the industrial and food sectors. He said the Association of Arab-Bulgarian Economic Chambers aims to enhance Bulgarian-Arab co-operation and bring together Bulgarian companies wishing to invest in the Middle East and co-operate with Arab businessmen, citing the interest to increase commercial co-operation and strengthen economic ties with Qatari business owners. Simeonov said trade relations between the two countries are strong. Several years ago, both countries signed co-operation agreements in the economic fields, which constitute a promising opportunity for the business sectors to enhance co-operation and benefit from these relations.

LuLu Hypermarket is celebrating Philippine Independence Day with a grand retail festival aptly themed ‘Pinoy Fiesta’ to showcase a wide range of best-loved Filipino culinary brands and leading non-food products. Philippine ambassador Alan L Timbayan inaugurated the event at LuLu Hypermarket along D-Ring Road. The event will run until June 18 across all LuLu stores in the country. Timbayan led the event in the presence of officials of the Philippine embassy, the Philippine Overseas Labour Office (POLO), Philippine Airlines, dignitaries, as well as LuLu Group regional director Shaijan M O and other group officials, and leading business firms operating in Qatar. During the event, the ambassador underscored the growing presence of many Filipino products in Qatar, saying the festival is providing an opportunity to promote the ‘Pinoy’ brand to a wider audience in the Qatari market. “We are happy to know that many of our products, including food and non-food items, are continuously gaining popularity not only among the Filipino community but with other expatriates in the country, as well. “I would like to thank the management of LuLu Hypermarket for sharing with us – the Filipino expatriate community and the embassy of the Philippines – our celebration of the 124th anniversary of the proclamation of Philippine Independence. Mabuhay!” Timbayan said. For the duration of the festival, ‘Pinoy Fiesta’ will be highlighting leading Filipino food brands, such as UFC, Mama Sita’s, Purefoods, Lemon Square, Magnolia, Selecta, Jack N’ Jill, Goldilocks, LaLa, SkyFlakes Crackers, Datu Puti, Mother’s Best, Del Monte, Bench, Silka, and Century Tuna, among others. Similarly, there will be a wide range of best-quality agriculture produce and food products from the Philippines – from different soy and oyster sauces to banana syrup and a variety of noodles, delicacies, and packaged foods – carefully curated for LuLu by the group’s sourcing office in Calamba, Laguna in the Philippines, making it possible for LuLu to sell products at the most affordable prices. Lulu Group has longstanding business relations with the Philippines and as a leading retailer in the region, LuLu has always been the major source of employment for Filipino nationals. The Philippine embassy and POLO are working closely with LuLu to enrich the sharing of skillsets and economic opportunities between the Philippines and the LuLu network worldwide. Speaking on the sidelines of the festival, Shaijan said: “LuLu Group has been celebrating the ‘Pinoy Fiesta’ for many years and it is very special this year as it coincides with the 124th anniversary of the proclamation of Philippine Independence. “Our sourcing offices in the Philippines have been the major foundation of strength in supporting LuLu’s operations in Qatar with the uninterrupted supplies of best quality Filipino products and agricultural produce.” He said: “Qatari citizens and expatriates alike are quite familiar with the quality of Filipino food products, especially Filipino agricultural produce, which is one of the most diverse ranges in the region.” Shaijan also invited all ethnic and expatriate communities in Qatar “to make use of this unique opportunity to taste the exotic goodness of the culinary specialties of the Philippines” and to explore the wide range of personal care products, among other items that are “best-in-class.” He said special emphasis has been given to filling the aisles of LuLu stores with a wide variety of best-quality agriculture produce and Filipino food products from the Philippines. “You can also take a shortcut to great taste via the LuLu Hot Foods section, which features specialty Pinoy delights, such as adobo, palabok, beef sisig, shanghai, and much more,” Shaijan added.    

Fintech startup CWallet has recently participated in a business flagship event hosted by Oracle and the International Organisation of Employers (IOE) on the sidelines of the first UN International Migration Review Forum (IMRF) 2022 held in New York. CWallet CEO and founder Michael Javier told Gulf Times Sunday that the tech company was invited offer insight into potential ways where technology could be used to assist fair labour migration. “We’ve also pitched and showcased practical, innovative, and scalable technological solutions to facilitate skills management during the IMRF 2022 hosted by the president of the UN General Assembly,” he said. During the event, “the IMRF assessed the progress of governments in the implementation of the Global Compact for Migration (GCM), which calls for stronger use of technology,” the IOE stated. According to the IOE, “the event lined up a series of speakers who link the business priorities of skills mobility, responsible cross-border recruitment, and skills recognition to three of the 23 objectives of the GCM.” It also stated that CWallet (finalist, IOE Migration Challenge 2020), along with Code to Change (winner IOE/Oracle Hackathon 2022) and WayLit (finalist, IOE Migration Challenge 2020), is among the three startups that pitched their insights at the IMRF side event held at the UN General Assembly Building in New York. The IOE also stated that over the past years, it has promoted startups to bring innovative solutions in the area of labour migration governance, be it in providing a simple immigration process for skills mobility or facilitating skills recognition. “In this context, IOE is collaborating with the governments of Kenya and Qatar, and the Belgian Development Agency, Enabel, to discuss the benefits of three such solutions to GCM objectives 5 and 18,” it stated. It also stated that the IMRF side event featured “three practical, innovative, and scalable technological solutions to facilitate skills management. The highlight of the event is the bringing together of three startups with the right solutions to show that technology can ease the management of labour migration governance, in particular the skills recognitions.” CWallet is an award-winning financial services startup that was born in Qatar and raised in the Middle East, Javier pointed out.

talabat Qatar, the region’s leading local tech platform, delivering food, groceries, pharma, flowers, and other solutions has played a major role in Qatar during the Covid-19 pandemic by standing alongside government authorities and frontliners at the height of the health crisis. Francisco De Sousa, the company’s managing director, explained to Gulf Times some of the key initiatives talabat has introduced to a variety of sectors in Qatar to support the whole eco-system in Qatar. Gulf Times: The disruptions caused by the Covid-19 pandemic have caused significant impact not only on global economies, in general, but directly on people’s lives. How did talabat operate in Qatar at the height of the pandemic and what role did the company play during these challenging times? De Sousa: First of all, I would like to thank His Highness the Amir Sheikh Tamim bin Hamad al-Thani, the government entities, and all the frontliners during the pandemic, who attended to the safety and welfare of the country, its citizens, and residents. As an organisation, we are always keen to join the ministries and other authorities during crisis meetings to provide any support or assistance required from our side. I applaud the government for doing a tremendous job, especially during the initial stages of the pandemic. This collaboration is extremely valuable and we are grateful for being able to offer our extended support. We have observed that so much has changed in terms of consumer behaviour. And talabat was able to respond well to these changes, especially during the pandemic. At that time, so many people were unable to leave their homes but we were able to play a huge role in making sure that we could supply the entire ecosystem, by providing not only food, but also groceries, medicines and many more. I would also like to thank our riders who were the heroes who kept everyone safe and at home, while delivering essentials as well as food during the pandemic. I personally feel so much pride when I see them on the roads. There have been frequent posts from the general public about the wonderful acts of kindness the riders have selflessly done over the past few years. It is heartwarming to see their contribution to the Qatari society. Tell us more about your impact on the groceries market. We have partnered with the major hypermarkets in Qatar, such as Monoprix and Spar, which played a major role in supporting the community during the pandemic. We also launched talabat mart, which revolutionised grocery delivery and q-commerce in the region in the pandemic. We were able to provide a service that no other big players could – groceries to your door within half an hour. q-commerce is the next generation of e-commerce. This means instantly (in less than 30 minutes) delivering to the customer whatever they want, whenever they need it. Having dark stores makes this possible as it’s not customer facing, which makes the picking process much faster. The q-commerce industry is really taking off in the Mena region and is expected to more than double from $9bn last year to $20bn by 2024. What role has talabat played in revolutionising Qatar’s food delivery ecosystem? We see the company as an added value to the community. As a tech company offering new solutions to the country, we make sure that our customers get their groceries, food, medicines, and other goods on time and at the right price. It should be hassle-free and with the most number of choices as possible. talabat has been a major contributor to the growth of Qatar’s e-commerce sector because we are not only witnessing a positive transformation in consumer behaviour but also a significant growth in our partners’ business operations pre- and post-Covid-19 through the online market. On the tech side, talabat is working with several startups in Qatar, such as Airlift Systems, which specialises in autonomous mobility in food delivery. It was incubated at Qatar Science & Technology Park (QSTP). We also partnered with the healthcare provider ‘At Home Doc’, in the delivery of medications to our customers’ doorsteps. We even offer the service to book online sessions with doctors. So, talabat is not only here to complement the ecosystem but also to support the different projects that are being implemented in the country. We are also proud to become an inspiration to other tech companies, as our presence in Qatar helped revolutionise the e-commerce industry. One of the pillars of Qatar National Vision 2030 is the diversification of the economy. In 2021, we launched several projects which had a major impact across the vision’s four pillars. This year, we want to raise the bar mostly in tech innovation, as well as through the ‘Made in Qatar’ partnerships with Qatari entities, which we will support to grow locally and internationally. We also have an important focus on sustainability, especially through our ‘Sustainable Packaging Programme’. What partnerships has talabat forged with stakeholders in the country and what advantages or benefits did these collaborations offer to your customers and the Qatari market? To support restaurants and shops, we have launched several initiatives. One of the major examples was that we heavily invested in our finance capabilities, providing cash flow within three working days to all our partners. No other competitor in the region has implemented such an initiative to alleviate the financial burden on small and medium enterprises. As you know, while delivery soared, dine-in stopped to a crawl. This allowed our vendors to have their liquidity on-hand to be able to make decisions to get their business through Covid-19, while not being hamstrung by antiquated payment structures. What is talabat’s contribution to Qatar’s goal becoming a major leader in human capital development in the region? There is a big pool of talent in Qatar, and we're excited to recruit and grow the business in support of the Qatar National Vision 2030. We currently have more than 200 employees, we started empowering local talent and we are planning to open new positions and grow our number of employees in Qatar. This year, talabat signed three MoUs with major educational institutions: Qatar University (QU), Hamad Bin Khalifa University (HBKU), and the College of the North Atlantic – Qatar (CNA-Q). These MoUs allow us to provide internship opportunities to the youth in Qatar. We want to scale up this initiative considering that we are expecting more opportunities and more projects here in the pipeline. We also want to grow the number of universities we partner with, in the future. In the near future, we will announce an interesting project in Qatar. Stay tuned. Lately, companies are progressively focusing on social responsibility impact. Kindly elaborate on some of talabat’s CSR initiatives in Qatar. The company has supported many different humanitarian programmes, such as those initiated in Palestine, Sudan, and Lebanon, among others. For instance, after the tragic explosion in Lebanon, talabat was able to send humanitarian supplies through Qatar Airways, in collaboration with Qatar Charity and Monoprix. In Qatar, talabat was also the first company to allow its customers to send donations through its app. We managed to send these donations seamlessly to organisations, such as Qatar Charity and Qatar Red Crescent, among others. This was a first in Qatar, making it an outstanding initiative because of its positive impact on the community. In line with our commitment to a sustainable future, we partnered with the Ministry of Municipality last year during the International Plastic Bag Free Day, encouraging customers to reduce plastic pollution and protect the environment.

As more international borders continue to open with the easing of Covid-19 restrictions, Qatar Airways has been playing a significant role in the recovery of Indonesia’s tourism industry, ambassador Ridwan Hassan has said. Speaking to Gulf Times on the sidelines of Project Qatar and Hospitality Qatar, which concludes today at the Doha Exhibition and Convention Centre (DECC), Hassan noted that tourism in the two countries “is steadily coming back, which is an important development” for both the Gulf and southeast Asian nations. “There are several indicators that show a positive trend in terms of the influx of tourists from Qatar to Indonesia. Qatar Airways flies to Indonesia thrice daily and the flights are always fully-booked. This is a very good indicator. Also, flights to Bali have resumed. They are, likewise, fully booked, and the embassy has been receiving a lot of inquiries about Bali. “We know that Qatar is a very important country with a significant number of expatriates living here, as well as its citizens. There has been a significant increase not only in the number of Qatari tourists but also from residents of Qatar,” Hassan explained. The ambassador also lauded the move to combine the 18th edition of Project Qatar and the seventh for Hospitality Qatar, which Hassan described as “a really a good initiative.” “Qatar is an important economic hub for Indonesia. Its economy is continuously growing and there is a lot of construction and development activities happening, and in anticipation of the World Cup, Qatar has been hosting many different events. “Also, a lot of properties are on offer in Qatar and for that reason, this country is one of the most important showcases for Indonesian companies, which are looking for many possibilities here,” Hassan stressed. Speaking on Indonesia’s role in projects across various sectors of the country after the World Cup, the ambassador said the tournament is part of a series of events lined up by the Qatari government. “We are going to see more events coming to Qatar, which is positioning itself to be a hub for international sports. That said, Indonesia, as with other countries, would like to continue participating in projects related to the development of Qatar, and this would hopefully lead to better economic co-operation between our two countries. “Indonesia is also looking to contribute to Qatar’s national initiatives, such as food security and self-sufficiency. These are areas where our country could participate in and work with Qatar beyond the traditional sectors, such as the oil and gas industry” he added. Qatar-Indonesia Business Council president Farhan al-Sayed noted that Indonesia is hosting the World Youth Cup in 2023, adding that “this would be a great partnership with Qatar.” “Qatar has extensive experience in hosting high-level sports events, so the country can be a great source of expertise for Indonesia when it hosts the World Youth Cup next year. In terms of trade, Qatar’s investment in Indonesia is huge and is steadily growing in different sectors, including telecommunications, energy, and hospitality, among others,” al-Sayed noted.    

On the back of its vibrant economy, Italian companies will continue to participate in major projects in Qatar even after the 2022 FIFA World Cup, Italian ambassador Alessandro Prunas has said. “Italy has always been available for business with Qatar, but aside from that, we’ve always been available for Qatar when it comes to supporting the building of local capabilities,” Prunas told Gulf Times on the sidelines of Project Qatar and Hospitality Qatar, which concludes today at the Doha Exhibition and Convention Centre (DECC). Prunas stressed: “Italian companies have invested in this country in many areas, so I think the situation will not change after the World Cup. We will remain here and hopefully, we will continue in contributing to the development of this country, which is incredibly ambitious and limitless.” According to the ambassador, the Doha Metro and Al Bayt Stadium were built through a joint venture between Italian and Qatari companies, adding that these developments emphasises the role of Italian companies in the growth story of Qatar, including projects related to the World Cup and in other sectors. With the presence of Italian companies in World Cup-related projects, Prunas said the upcoming tournament is seen as “one of the best organised World Cup events” in the history of the sport. “Seven of the eight stadiums that will host the World Cup were ready a year ahead of the event. I don’t think that this has ever happened before. Never mind the infrastructure, which has been a very relevant part of the World Cup preparations, but this city now has an extensive metro system that didn’t exist a few years ago. “What Qatar did is quite remarkable and in this framework, I’m very happy that many Italian companies managed to contribute to projects like the Doha Metro and Al Bayt Stadium, among others. We’re looking forward to seeing all these incredible infrastructures in use,” Prunas pointed out. Asked about the role of Italian companies in post-World Cup projects in Qatar, Prunas said: “I don’t think the World Cup would be the end of it. On the contrary, it is one step toward a direction that was taken many years before the World Cup was imagined. “There is so much already ongoing but in any good project, Italy is always available and ready in all sectors. We can offer a complete range of capabilities and we have a much-diversified economy and expertise in many areas, and Qatar knows that very well.” He added: “Business interconnection between our two countries is very deep not only in terms of trade but also in concrete exchanges of projects. Qatar knows which door to knock on if they need our help, and we are looking forward to continuing this cooperation.”    

Manateq, Qatar’s economic zones company, has been witnessing “huge investments” in areas, such as industrial and logistics, as well as growth in its roster of investors, which currently stands at 3,700, according to chief executive officer Fahad Rashid al-Kaabi. “As much as possible, Manateq aims to attract international and local investors, and we are finding different solutions for investors in sectors, such as industrial, logistics, and trading, including our latest solution – ‘open yard’. “Open yard is Manateq’s new solution for many large-scale construction companies that have completed projects related to the 2022 FIFA World Cup,” al-Kaabi told Gulf Times on the sidelines of the Project Qatar, which will run until June 9 at the Doha Exhibition and Convention Centre (DECC). Al-Kaabi explained that Manateq opened huge plots of land for its open yard solution, giving companies space for construction materials, equipment, or a ready area for new projects. “This also provides them with avenues for new project opportunities in the future in Qatar, so there is a huge investment in industrial, logistics area, and finding different solutions for investors. Manateq is happy to be part of this growth in investments with direct investors or BOT (build-operate-transfer) projects,” he said. Manateq sponsors four warehousing parks to complement its logistics activities. The warehousing parks under Manateq were awarded by tender to developers who oversee the management and operations under a BOT process. The warehousing parks offer prime locations comprising various sized warehouses and adjoining support facilities, “Earlier, Manateq awarded four projects worth approximately QR3.8mn spanning 2mn sq m to different investors who built their warehouses and kept them ready for investments, such as those targeting ready-made warehouses. “We are happy to see this project, which is approximately 1.5mn sq m in size. They have already finished Phase 1, which is about 50% of the project, and it is ready for lease with around 80% occupancy before the World Cup,” al-Kaabi said. Al-Kaabi also emphasised that post-FIFA World Cup, a shift is expected towards sectors, such as trading and industrial “so that businesses can continue finding different opportunities.” “The government is looking for different solutions and one of the most successful projects is the BOT, where there is sharing between the government and local investors. In warehousing, we have huge projects with more than QR5bn in investments between the private sector and Manateq in terms of BOT projects,” al-Kaabi added.