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Tribune News Network
Doha
United Development Company (UDC) Chairman has welcomed the Prime Minister's Sunday announcement exempting The Pearl-Qatar from licensing procedures.
Turki bin Mohammed al Khater said it would inevitably speed up the development works at The Pearl and pave the way for timely completion of projects in the next phase.
The Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al Thani made the announcement while laying out the guidelines to boost Qatar's tourism industry at a meeting with businessmen on Sunday.
At the meeting, the PM said The Pearl-Qatar and Lusail projects would be provided with the authority to grant special licences in the fields of construction, completion of construction, electricity and civil defence for real estate developers.
Khater said the new measures would positively contribute to attracting foreign investment into Qatar, accelerate project delivery and improve quality.
UDC CEO and President Ibrahim Jassim al Othman said the exemption and licensing privileges extended to the management of The Pearl-Qatar, to issue construction, completion of construction, electricity and civil defence permits for real estate developers, indicates the great importance attached by the government to the pivotal role of the private sector in economic growth and sustainable development.
Al-Othman further pointed out that such deliberate actions and opportunities for private investment, will clearly contribute to increasing the share of the private sector in the gross domestic product, by providing a suitable environment to diversify the economy and attract more local and foreign investments.
He also confirmed that the government's allocation of lands to build schools and hospitals, are backed by huge investments in infrastructure development which will also provide a solid base for future projects, including at The Pearl.
Al-Othman concluded saying:"The licensing privileges extended to The Pearl not only serve to strengthen the partnership with the public sector but also help raise the quality of services offered on the Island, as more local, regional and international investments are expected in the real estate and commercial fields which are presently witnessing growing demand."