Qatar to become a vibrant hub for maritime transport in the region

16/05/21

Qatar’s plan to transform the country into a regional hub for maritime transport is in line with high volumes of shipments and trans-shipments. Whereas, the volume of trans-shipments increased by 73 percent in the month of April compared to the same time last year according to information released by Mwani Qatar.

The country currently hosts three ports, namely Hamad Port, Doha Port and Al Ruwais Port. The plans seem to be in reach considering the geographical proximity, advanced infrastructure and attractive business and legal environment.

Hamad Port is the largest eco-friendly project in the region and is internationally recognised as one of the largest green ports in the world. It is very well placed to facilitate cargo movement towards the ends of the Gulf and more specifically countries like Kuwait and Iraq in the north and Oman in the south.

Qatar’s three ports recorded a 34 percent year-on-year increase in the number of ships arriving at the ports. As many as 1,047 ships docked in the country in the first quarter of this year.

Figures on all three ports indicated a 25 percent year-on-year growth in container handling (standing at 137,966 twenty-foot equivalent units in April and 549,098 twenty-foot equivalent units in the first quarter of this year). It can partly be attributed to the advanced infrastructure which has been developed for Hamad Port's second container terminal (CT2).

Notably, construction materials handled by these ports more than doubled in April 2021 compared to April 2020 which indicates a positive outlook for the construction sector.

In terms of exports, data released by the Planning and Statistics Authority (PSA) suggests consistent growth during the first quarter of 2021 with total exports reaching QAR 64 billion (USD 17.5 billion).

Historically, Asian countries have been at the top of the list of Qatar`s exports. This trend has continued in the first quarter of 2021 as Japan, China, South Korea and India are the top four countries importing from Qatar

The main goods in the first quarter of 2021 were Liquefied Natural Gas (LNG), mineral fuels, lubricants and related materials, chemicals and related products.

Please click on the link and reach out to learn more about the developments in maritime transport in the State of Qatar as well as Business Start Up Qatar.

Other News

BSUQ News 79 - Thumb - New

Qatars MoCI and Invest Qatar discuss private sector challenges

Qatars Ministry of Commerce and Industry (MoCI) recently joined forces with Invest Qatar to host the second annual Government Sector Forum. The Forum was attended by key government officials and saw participation...

Read more
BSUQ News 78 - Thumb - New

Qatar’s land transport sector Sees 75% surge in transactions

Qatar's land transport sector demonstrated remarkable growth in the first nine months of 2024 with the Ministry of Transport executing a total of 9,238 transactions. This marks a 17% increase from the...

Read more
BSUQ News 76 - Thumb - New

Qatar positioning itself as global business hub for investors

Qatar has established itself as a prominent global business hub, particularly in the real estate sector, reflecting the nation’s commitment to economic advancement and resilience. This dynamic market...

Read more
BSUQ News 75 - Thumb - New

Qatar`s TASMU Accelerator attracts over 640 applications

Qatar's Ministry of Communications and Information Technology (MCIT) recently closed registration for the 2024 cohort of the Smart Qatar - TASMU Accelerator programme. The scheme attracted over 640 applications...

Read more
BSUQ News 73 - Thumb - New

Qatar’s clean energy strategy targets renewables

Qatar’s future energy strategy aims to diversify into renewables, targeting a solar capacity increase to 5 Giga Watts (GW) by 2035.

Furthermore its strategy aims to leverages Qatar’s competitive...

Read more
BSUQ News 72 - Thumb

Qatar witnesses impressive growth in non-oil sectors

Qatar’s non oil revenues are expected to outperform all industries after recording growth of 2.2% this year, according to a report by Fitch Solutions. The company also indicated that numerous industries...

Read more
BSUQ News 71 - Thumb

Qatar Free Zones Authority launch visa service office

Qatar Free Zones Authority (QFZ) and the General Directorate of Passports at the Ministry of Interior (MOI) have officially inaugurated the Ras Bufontas Free Zone Visa Service Office.

This strategic...

Read more
BSUQ News 70 - Thumb

Qatar’s agricultural sector expected to grow significantly

Qatar’s agriculture sector has experienced significant growth and is projected to reach approximately QAR 812 million (USD 223.1 million) by 2029 according to research by Mordor Intelligence.

As a...

Read more

Page Break