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FINANCIAL NEWS
Qatar to establish new joint venture for Hamad Port management
30 Nov 2016
(MENAFN) Qatar Port Management Co. (Mwani) and Milaha will establish a new joint venture ‘QTerminals’ in order to manage QR27bn Hamad Port.
In addition, Mwani and Milaha will have 51 percent and 49 percent share in QTerminals, an independent firm with its own board of directors and staff.
Moreover, the partnership is a role model for the Qatari private sector to contribute to transportation projects.
The Port would contribute to increasing Qatar’s imports, exports and global maritime trade and would stimulate growth and economic diversification.
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