10/11/2024
Qatar’s Marsa free zones maritime development port will soon become home to the newly-developed Milaha Yachts and Ships Yard following a landmark agreement between Qatar Navigation Q.P.S.C. (“Milaha”) and Qatar Free Zones Authority (QFZ).
In attendance of Minister of Transport H.E. Jassim Saif Ahmed Al-Sulaiti and Chairman of Milaha’s Board of Directors H.E. Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani, the strategic collaboration agreement between Milaha, the industry-leading provider of maritime and logistics solutions, and the QFZ was signed, on the sidelines of this year’s Qatar Boat Show, by H.E. Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, CEO of QFZ and Mr. Fahad Bin Saad Al-Qahtani, Group CEO of Milaha. Several high-profile government officials and top-management members from both parties were also in attendance.
The agreement and new facility will reaffirm Milaha and QFZ’s commitment to support Qatar's growing position as a global maritime services hub, aiming to create new job opportunities, with a focus on prioritizing the attraction of Qatari talent.
The Milaha Yacht Yard will be located at the Marsa Port within Umm Alhoul Free Zone and span 22,000 square meters. It is set to include two covered sheds, three workshops, and an expansive open yard, making it an ideal environment for a wide range of services. The major project seeks to meet the increasing demand for maintenance services for luxury yachts, naval ships, and wooden boats (traditional dhows), as well as refits, exterior upgrades, modifications, and necessary repairs.
H.E. Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, CEO of Qatar Free Zones Authority (QFZ) said on the occasion:
“This important agreement, signed today with Qatar Navigation Company (Milaha), underscores our efforts to contribute to the development of Qatar’s maritime sector by fostering innovation and creating new investment opportunities in the region. We are working to develop Marsa Port at an accelerated pace and aim to achieve multiple milestones in the near future as part of our commitment to enhancing the infrastructure in our free zones. We are confident that these steps will create an attractive investment ecosystem that will not only boost opportunities in the maritime industry and yacht tourism but also promote sustainable economic growth, strengthening Qatar's unparalleled connectivity to the world. This will highlight Qatar's position as a preferred destination for international maritime companies and as a unique regional hub that supports growth and expansion throughout the Middle East”. H.E. added: "We remain steadfast and committed to advancing economic diversification through establishing a robust, sustainable maritime industry and therefore, contributing to the objectives of the Qatar National Vision 2030."
Mr. Fahad Bin Saad Al-Qahtani, Group CEO of Milaha, said:
“In line with the vision and direction of the Chairman and members of the Board of Directors to enhance the role of Milaha in raising the level of the national economy, continuing its future growth, and expanding the scope of its local and global services in the maritime field. This agreement will enhance the efficiency of maritime industry operations at Marsa Port and elevate the level of services provided by Milaha, aligning with international best practices. It leverages the port’s excepti