Qatar joint venture to operate Hamad

Under 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.

Sheikh Ali bin Jassim bin Mohammad Al-Thani, Chairman of Qatar Navigation (Milaha), said: “Our partnership with Mwani Qatar is a continuation of our longstanding relationship, which will continue to work toward achieving Qatar’s vision of becoming a global trade and logistics hub.”

“Hamad Port is one the world’s largest port development projects. It will herald a new era of uniqueness and pioneering in the area of commercial port development in Qatar and the wider region,” he added.

He went on to say that Hamad Port would be contributing to supporting the country’s economic diversification programme helping push forward sustainable and comprehensive development in the region.

Hamad Port represents a significant addition to Qatar’s maritime infrastructure and will boast a handling capacity of 7 million containers per year after completion.

The project reflects the vision of HH the Emir Sheikh Tamim bin Hamad Al-Thani on the importance of supporting the private sector in becoming a constituent element in the national economy.

It’s also hoped that the Mwani Qatar-Milaha partnership will represent a role model for the Qatari private sector to contribute to transportation projects and usher in a new era of real operational processes that will help enrich the private sector’s investment philosophy.