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DOHA / Reuters
Qatar Navigation (Milaha) and Qatar Ports will start a joint venture to operate Qatar’s Hamad Port in Doha, Milaha’s Chairman Sheikh Ali bin Jassim bin Mohammad al-Thani said on Tuesday. The venture, QTerminals, will have a proposed 100 million riyals ($27.5 million) in capital, Qatar’s transport minister told reporters on the sidelines of a signing ceremony in Doha. “The first phase of Hamad Port will begin operations on Thursday and have a handling capacity of two million twenty-foot equivalent units (TEUs) per annum,†said Minister Jassim Saif Ahmed al-Sulaiti.
The $7.4 billion port is expected to be fully completed by 2020 and to have a capacity of seven million TEUs per annum and include three container terminals, a naval base and a special economic zone, Sulaiti said.