Blockade failed to impact construction sector: SAK
05 Sep 2017 - 23:14
Leading Qatari real estate company SAK Holding Group said yesterday that the uncalled-for blockade imposed on Qatar has been proved a failure.
After 90 days, the repercussions of the unjust siege waged by the blockading countries have fallen apart revealing a stronger and economically independent Qatar. Key sectors including the infrastructure, real estate, construction and industrial sectors stood immune to the blockade, SAK Holding Group noted in its monthly ‘market watch bureau’ report, yesterday. The imports from the siege countries are less than 25 percent of Qatar’s total demand. This volume was easily replaced by different international sources, the report said.
Abdulrahman Al Najjar (pictured), SAK Holding Group Deputy CEO, played down the repercussions of the siege on the construction sector.
In an interview to CNB-Arabic, he said ‘there were apprehensions that our trade and business may be affected by the closure of land borders and sea and air ports. This belief is wrong, because according to documented studies on the extent of our reliance on imports from neighboring countries in the past, we found that it do not exceed 25 percent of the imports coming in Qatar through Doha Sea Port, which can be easily overcome. Qatar has already tackled it by holding several agreements to open new freighter routes to Hamad International Sea Port, one of the largest sea ports in the Middle East, in addition to all other import facilities.”
The report underlined the efforts undertaken by the cement industry in meeting the local demand and ensuring uninterrupted project schedule in major construction and development and infrastructure projects, especially World Cup 2022 projects and Qatar National Development Vision 2030 projects.
“The necessity to develop strategic industries such as “Cement Industry” became very pressing following the unjust siege,” the report said.
“Several serious initiatives were launched to push the cement industry to the forefront, and to boost its production to supply the requirements of the local market, and to increase types of locally made cement and uplift its quality, by holding strategic partnerships with global cement corporations to incorporate advanced technology into the country, which will contribute in the settlement and expansion of cement industry in Qatar, and supports prices stability of cement and other cement products. Thus guarantees sustainability of current and future state projects, and serves national economy”, the report underlined.
Qatar National Cement Company made big progress in this field. Operating Kiln No. 5, which produces 5,000 tons per day is expected to uplift clinker production up to 19 thousand tons per day, and cement production up to 21 thousand tons per day, which opens the way exporting 10 percent to 15 percent of production in the coming period.