Qatar Ports Management Company (Mwani Qatar) and Qatar Navigation (Milaha) have agreed to establish a new company, QTerminals, to manage Hamad Port.
As per the agreement, the new company will be co-owned by Mwani Qatar (51%) and Milaha (49%) and will manage operations at Hamad Port as an independent company with its own board of directors, executives and staff.
Hamad Port will have an annual capacity of 7m containers after completion, offering connections to Gulf Cooperation Council (GCC) countries through a road and rail network.
When completed, it will include a customs inspection area for cargo clearance, a 110 m-tall control tower and a ship inspection platform in addition to other storage units, mosques, rest areas, medical clinics and offices for port operations.
Qatar’s transport and commnications minister, Jassim Saif Ahmed Al Sulaiti, who is also chairman of Mwani Qatar said that the “megaproject” would serve as “Qatar’s gateway to world trade.”
The agreement would encourage the private sector to be part of strategic partnerships in developmental projects, he added, particularly in transportation rather than just building and construction.
Sheikh Ali bin Jassim bin Mohammad Al-Thani, chairman of Qatar Navigation Milaha, said that the project would “herald a new era of uniqueness and pioneering in the area of commercial port development in Qatar and the wider region.”