China Signs Port Investment MoU with Qatar

 09 Nov 2018 11.16am

China and Qatar have signed a memorandum of understanding (MoU) to identify global maritime investment opportunities, according to Qatar’s Ministry of Transport and Communications.

The MoU was signed in the presence of Minister of Transport and Communications Jassim Saif Ahmed Al-Sulaiti by the China Harbouring Engineering Company (CHEC) and QTerminals, the operator of the Hamad Port in Qatar.

It will serve both countries’ regional economic programmes – Qatar’s National Vision 2030 and China’s Belt and Road Initiative (BRI).

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A statement from Qatar’s Ministry of Transport and Communications said:  

“As per 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 both companies.

“It also strengthens cooperation 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 cooperation.

“Moreover, the two parties intend to hold regular meetings and form task forces to implement their plan of action within a specific timeframe.”

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