Al Furjan Markets Project inaugurated

May 7, 2014 10:35 am

m_Al Furjan Markets Project inaugurated

Doha 07th May 2014: Al Furjan Markets Project was inaugurated on Tuesday.

The project was launched in May 2013 by the Ministry of Business and Trade (MBT). It is a pioneering project to establish small markets – including groceries, pharmacies, bakeries, and outlets offering other basic services – within different neighbourhoods.

The first and second phases of the project were completed and the third one is currently underway.

The first batch of the project will be ready for lease in June and it will be rented out to licensed Qatari companies at monthly rents of QR6,000.

The third phase is scheduled to be finished within four to five months. It will feature 70 commercial markets, including 20 commercial sites, in addition to 50 other proposed sites.

HE the Minister of Business and Trade Sheikh Ahmed bin Jassim al-Thani, HE the Minister of Municipality and Urban Planning Sheikh Abdulrahman bin Khalifa al-Thani, HE the Minister of Transport Jassim bin Saif al-Sulaiti, Qatar Businessmen Association chairman Sheikh Faisal bin Qassim al-Thani and Qatar Chamber chairman HE Khalifa bin Jassim al-Thani attended the launching ceremony at MBT headquarters yesterday afternoon.

“The project is considered as one of pioneering strategic economic projects that aim to promote the growth of the commercial and private sector,” said Sheikh Abdul Rahman bin Khalifa Al-Thani, HE Minister of Municipality and Urban Planning.

The idea of Al Furjan Markets Project depends on the establishment of commercial markets in residential areas to provide the daily needs to Qatari citizens and residents and to curb rising rents and at the same time to meet the needs of citizens in flexible and effective means, according to Sheikh Khalifa bin Jassim Al-Thani, HE Chairman of Qatar Chamber of Commerce and Industry.

 

About the Author

Tamim Maha Ali is the Chief Editor of Qatar Chronicle. A shrewd strategist, he is an Economic Pundit, entrepreneur and Investment Banker

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