Dubai - UAE Nov. 29, 2016: HE Minister of Transport and Communications Jassim Saif Ahmed Al Sulaiti, Chairman of Qatar Ports Administration Company (Mwani Qatar) and Sheikh Ali bin Jassim bin Mohammad Al-Thani, Chairman of Qatar Navigation (Milaha), today saw the finalizing of an arrangement in between Mwani Qatar and Milaha to develop a new company, QTerminals, to take care of Hamad Port.

As per the arrangement, the new company will certainly be co-owned by Mwani Qatar; 51%, and Milaha; 49%, and will manage procedures at Hamad Port as an independent company with its very own board of directors, executives and staff.

The deal was signed by Mwani Qatar CEO Captain Abdulla Al Khanji and Milaha President & CEO Abdulrahman Essa Al-Mannai.

Discussing the occasion, Minister Al Sulaiti said; "This tactical partnership profits of a number of years of solid cooperation and ties between Mwani Qatar and Milaha, which have brought about this usual prepare for managing Hamad Port, among the nation's vital megaprojects and which will function as Qatar's portal to world trade.".

He noted that the contract itself was an achievement that further urges the private sector to be component of strategic collaborations in developing projects, which in financial terms would show positively on the nation and citizens, economically speaking.

The Minister additionally claimed the Mwani Qatar-Milaha partnership represented a role model for the Qatari economic sector to add to transportation jobs, exceeding prevalent collaborations in building and construction, and enrich the brand-new era of genuine operational procedures that will certainly aid enhance the economic sector's financial investment viewpoint. And this, he included, would add to localizing used experience and technology.

The project shows the vision of HH the Emir Sheikh Tamim bin Hamad Al-Thani on the relevance of supporting the economic sector in ending up being a constituent aspect in the national economic situation, he clarified. " We are confident the new company, established collaboratively by two of Qatar's leading firms, will add to leveraging the country's competition among world economic situations," he added. The Minister additionally specified that Hamad Port would be adding to raising Qatar's imports, exports and international maritime trade and would certainly promote growth and economic diversity across the region. Keeping that in place, he kept in mind, Qatar would certainly be placed to come to be a regional industrial center and would be well when driving to attaining the purposes of the Qatar National Vision 2030.

For his part, Sheikh Al-Thani stated; "Our partnership with Mwani Qatar is an extension of our longstanding partnership, which will certainly remain to pursue accomplishing Qatar's vision of coming to be a global trade and logistics hub.".

" Hamad Port is one the world's largest port development projects. It will certainly advertise a new age of originality and introducing in the location of industrial port growth in Qatar and the broader region," he added.
He went on to say that Hamad Port would be adding to supporting the country's financial diversity program, and would play a key role in pushing onward lasting and comprehensive development in Qatar and the region.

Hamad Port represents a significant addition to Qatar's maritime facilities and will certainly flaunt a handling capability of 7 million containers per year after conclusion. It will certainly additionally be attached to Gulf Teamwork Council countries with a road and rail network.

When completed, Hamad Port will certainly consist of a personalizeds assessment location for quick cargo clearance, an uniquely made port Control Tower at a height of 110 meters, a ship examination platform and several maritime centers, along with various other utilities such as storage systems, mosques, rest areas, clinical clinics and the workplaces required for port operation.