QNA
Doha
Minister of Municipality HE Abdullah bin Hamad bin Abdullah Al Attiyah has issued Ministerial Resolution No (123) for the year 2024, reducing the rental value of the Industrial Area lands affiliated with the ministry.
The move aims to support the growth of the national economy and enhancing the role of the private sector in diversifying economy, and contributing to supporting the development process witnessed by the country.
In a statement, the minister said that issuing the decision to reduce the rental value of the lands of the Industrial Area affiliated with the ministry comes within the framework of the strategy launched recently, 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 as efforts to achieve Qatar National Vision 2030.
The decision aims to support activities on industrial zone lands affiliated with the Ministry of Municipality, whether they are commercial, industrial, logistical activities or for workers’ housing purposes.
The decision stipulates reducing the rental value of lands allocated for commercial activities from QR100 to QR10 per square metre annually, i.e. reducing it by 90 percent, in addition to reducing the rental value of lands for logistics projects from QR20 to QR5 per square metre annually, and lands with an industrial license to QR5 per square metre annually, compared to QR10 previously.
Regarding the rental value of mixed activities, the ministerial decision clarified that if the land area is used for commercial activity without the availability of industrial or logistical activity, the full rental value is calculated at QR10 per square metre annually, which is the same rental value (QR10 per square metre) for each of the food outlets for the covered area of the existing facility.
