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QNB supports private sector companies in transportation projects Transport and Related Services

06 Dec 2018| Posted by Morris | In Transport and Related Services

This is to illustrate the great efforts exerted by the Ministry of Communications and Communications to be able to implement private sector participation projects and offer them to the largest group of stakeholders and stakeholders, while ensuring that projects that add real value to the development of Qatar are the only ones to be adopted without Other. "As the number of strategic projects in the country is approaching, it is important to move from the concept of project creation and delivery to the full project lifecycle stages." The strategy of private sector participation covers all key and sub-sectors of the transport and communications sector, The sector in Qatar to adopt the system of private sector participation, and has studied the current transport and communication projects, which the Ministry will soon launch from In order to determine their suitability for the private sector participation system. One of the main results of this study was the issuance of the PSP Guide, which provides a framework and concept for the rehabilitation, structuring and implementation of partnership projects with the private sector in the transport and communications sector. "The Qatari private sector has proved to be strong and qualified for this participation, especially after it proved its efficiency during the embargo imposed on countries a year and a half ago and contributed to the establishment of many companies," said Ali Saeed Boucharbak Al Mansouri, Assistant Director General for Government Affairs and the Chambers of the Qatar Chamber. And the emergence of new sectors increased the pace of domestic production, pointing out that the private sector is qualified for effective partnership with the public sector, especially after the considerable experience gained in the areas in which he worked. He said that the participation of the private sector in the transport and transport projects stimulates more investments, especially as there is a tendency among many employers and investors to enter new investment sectors after the success achieved in the field of manufacturing and agriculture. The success of the Qatari private sector in previous and current transportation projects will be strengthened with the issuance of the public-private partnership law next year, and will push local companies to more successes in the light of the package of laws and regulations that strengthen them, said Sarah Abdullah, Deputy General Manager of the Qatari Businessmen Association. The relationship and working on the localization of financial capital, and push the Qatari entrepreneurs to invest in support services for transport projects and communication during his speech Esma Mr. Ali Al Emadi, Head of Commercial Banking at QNB said: "QNB will be a major supporter of private sector companies in the field of transport and communication projects in all sectors whether land, sea or air. .

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