Ministry of Commerce and QatarEnergy Strengthen Industrial Investment Through Musayyid Resource Allocation Agreement
The Ministry of Commerce and Industry (MOCI) and QatarEnergy have signed a Terms of Reference agreement to establish and implement a governance framework for allocating hydrocarbon resources to industrial investment opportunities, alongside the development of a new medium-industries zone in Mesaieed Industrial City.
The agreement aims to establish a structured mechanism for assessing and allocating key resources, including natural gas, electricity, and other natural resources required for eligible industrial investment projects.
The signing ceremony was witnessed by H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry, and H.E. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of QatarEnergy.
Under the agreement, a joint working team will be formed to oversee the allocation of hydrocarbon resources to qualified industrial projects, in coordination with relevant government entities to support an efficient and integrated investment environment.
The Ministry of Commerce and Industry will assess investors' requirements and identify investment opportunities, while QatarEnergy will provide technical and commercial expertise to evaluate resource allocation and ensure their optimal utilization.
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