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Mazaya Monthly Real Estate Report -
Week 1 - November 2016
In Qatar, the report noted that
developing the logistics sector is part
of the comprehensive plans now being
implemented by the Qatari Government
to diversify the economy and increase
its business competitiveness regionally
and internationally. Qatar, according to
the report, is forging solid channels of
partnership and cooperation between
the private and public sectors in
order to implement projects of high
economic yields in the long run.
The ongoing developmental efforts in
the Qatari logistics sector, including
the expansion of storage areas and
activities, will provide momentum
to the sector. This will help build a
competitive and sustainable economy.
These developmental efforts include
providing effective logistics services
for small and medium-scale companies
at competitive prices in order to
improve
investment
conditions
and reduce operating costs, which
will
ultimately
have
long-term
positive impacts on the economy.
The report concluded that the logistics
sector in the region is being impacted
by the prevailing financial and economic
conditions and the legislations enforced
by the region’s countries. Its success,
according to the report, depends on
the adoption of robust developmental
plans, governments’ expenditure and the
ability of the private sector to contribute
effectively. In addition, the logistics sector
itself has to be buoyant enough to survive
any fluctuations experienced by the world
economy as a result of the unsteady oil
prices and the concomitant impact on
the oil-exporting countries’ revenues.
As a result, the need has now arisen for
robust strategic plans to be adopted by
the private and public sectors in order
to strengthen the capabilities of small
investors and ensure the sustainable
development of the logistics sector.