Originally a basic port facility exporting crude oil, Mesaieed Industrial City
) has evolved into Qatar’s main industrial city and home to a wide range of industrial activities in the hydrocarbon, petrochemical, fertilizer and metallurgical sectors. As a main driver of diversification in the country, MIC is currently expanding into downstream light industries and manufacturing. Its importance to Qatar’s economy is clearly reflected through multi-billion dollar projects such as the Qatar Petrochemicals Complex (QPCC) and the Qatar Aluminum Plant (Qatalum), two of the largest projects in the world in their respective sectors.
The 250,000-barrels-a-day Al-Shaheen crude oil refinery also represents another important project currently planned for development.
In addition to new projects being developed, several existing companies are also undergoing massive expansions, such as Qatar Fertilizer Company (QAFCO), Qatar Petrochemical Company (QAPCO) and the Qatar Chemical Company (QChem).
“Our vision at MIC is to provide the ideal platform for companies located here to be able carry out their ambitious projects successfully. In order to help them achieve this, we work very closely with them at every stage,” says Mohammed Jassim Al-Baker, director of MIC. The industrial city’s value as an investment destination is considerable, as companies establishing themselves there are able to benefit from synergies, not only with existing industries, but also with other developments that are being built adjacent to MIC such as the New Doha Port Project and the new Economic Zone 3.
“There are a number of incentives luring foreign investors into MIC, such as the abundance of energy resources, no export duties, no custom duties on machinery and equipment imports, shared facilities and easy access to world markets through its 24-hour commercial and industrial port,” says Dominic Carlone, MIC’s head of business systems in the Business and Investors Department.
As part of its Master Plan 2005-2030, MIC is in the process of implementing a series of initiatives that will improve housing, recreational and retail facilities as well as provide municipal services at its location. This has been raising MIC’s profile not only as a place to do business, but also as a true community in which to live and enjoy its friendly atmosphere.
“Qatar continues to invest heavily in its industrial cities in response to the changing needs of business and community,” says Mr. Al-Baker. “MIC is transforming itself into a modern, flourishing, multicultural and environmentally friendly place to work and live.”