QTerminals, the recently-established operator of the first phase of Hamad Port in Qatar, and China Harbour Engineering Company (CHEC), will jointly explore potential maritime investment opportunities around the world.
In this regard, QTerminals - a terminal operating company jointly established by Qatar Ports Management Company (Mwani Qatar - 51%) and Milaha (49%) – on Thursday entered into an agreement with CHEC, a leading provider of full services in EPC (engineering-procurement-construction), BOT (build-operate-transfer), and PPP (public-private-partnership).
The MoU was signed by QTerminals chief executive Neville Bissett and CHEC president Tang Qiaoliang, in the presence of HE the Minister of Transport and Communications Jassim Seif Ahmed al-Sulaiti and Chinese ambassador Li Chen.
The MoU serves the objectives of China's 'One Belt, One Road' initiative and the Qatar National Vision 2030. It aims to identify and invest in potential maritime investment opportunities around the world.
It also comes within ministry’s endeavours to further boost Qatar’s ranking worldwide and open up new horizons for growth and development in all sectors.
Under the MoU, the two parties shall agree on the working mechanisms concerning funding, designing, constructing, operating and managing the opportunities to be discussed and agreed upon by the two companies.
It also strengthens co-operation between the two companies in the framework of their mutual terms of reference, to provide the necessary resources and support to achieve the intended objectives of this co-operation. Moreover, they intend to hold regular meetings and form taskforces to implement their plan of action within a specific timeframe.
QTerminals provides container, general cargo, RORO (roll-on roll-off), livestock and offshore supply services in Phase 1 of Hamad Port, Qatar’s gateway to world trade.
QTerminals' current operations in Hamad Port include a container terminal with a capacity of 2mn TEUs (twenty-foot equivalent units) and general cargo, roll-on roll-off and livestock terminals with a capacity of 1.7mn tonnes and 500,000 vehicles annually.
CHEC's diverse infrastructure portfolio includes marine engineering, dredging and reclamation, road and bridge, railway, airport and equipment assembly. It has experience in other industries as well, such as building, municipal works, environmental, hydraulic engineering, power plant and energy, and resource exploration.
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