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Rents for Ministry of Municipality land in Industrial Zone reduced by 90%

Rents for Ministry of Municipality land in Industrial Zone reduced by 90%

The Peninsula
Sunday, June 30, 2024 12:10:27 PM UTC

The ministerial decision aims to promote economic growth and support emerging businesses and local industries The decision contributes to supporti...

- The ministerial decision aims to promote economic growth and support emerging businesses and local industries - The decision contributes to supporting the prices of basic commodities in the local market - Lease contracts for 25 years, with the possibility of reviewing rental values ​​every 5 years

Doha, Qatar: As an initiative to support growth of national economy, rental rates of Ministry of Municipality land in the Industrial Zone depending on its purpose has been reduced, with the rent for land designated for commercial activities reduced from QR100 to QR10 per sq metre annually.   

Minister of Municipality HE Abdullah bin Hamad bin Abdullah Al Attiyah, issued Ministerial Resolution No. (123) for the year 2024, reducing the rental value of the Ministry’s industrial zone land compared to the rental value stipulated in the previous ministerial decision. 

This decision comes with the aim of supporting 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. 

The decision aims to support economic activities on the Municipal land, whether they are commercial, industrial, logistical activities or for workers’ housing purposes. 

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