Published On: Sat, Sep 9th, 2017

New Port of Qatar – A Shield from Arab Sanctions

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New Port of QatarNew Port of Qatar worth $7.4 billion has been inaugurated in the Gulf Coast. His would become a regional transport hub and help shield Qatar’s economy against sanctions enforced by its neighbouring Arab states.

One of the largest facilities in the Middle East, the Hamad Port is situated 40 km South of Doha.

Since Saudi Arabia, Egypt, Bahrain and the United Arab Emirates (UAE) detached with Qatar in June, the port has been receiving large quantities of food and building materials for construction projects including stadiums for the 2022 soccer World Cup.

The isolation of Qatar over Doha’s alleged support for militants has raised concerns that projects could be delayed if supplies from the Far East and South Asia are choked.

But according to the officials, Hamad port would allow Qatar to get around the sanctions by importing goods directly from countries such as China and Oman instead of through a major re-export hub in Dubai.

The port is expected to break the restraints imposed on Qatar’s economy. Qatari Transport Minister Jassim bin Saif al-Sulaiti said at a ceremony held in a dome-shaped tent on the docks of Hamad port.

Fireworks exploded above the new port of Qatar as officials delivered speeches praising Qatar’s 37-year-old emir Sheikh Tamim bin Hamad al-Thani for enduring the restriction.

Closure of the Saudi border with Qatar and disruption to shipping routes via the UAE slashed Qatar’s imports by over a third from year-earlier levels in June and July. Institutions in Saudi Arabia, the UAE and Bahrain have begun pulling money out of Qatari banks, threatening their balance sheets.

Qatar has expanded shipping routes to India, Oman, Turkey and Pakistan and announced plans to raise its liquefied natural gas (LNG) output by 30 per cent in an effort to prepare for greater economic independence in the long term.

New port of Qatar, Hamad port is expanded at an area of 26 square kilometers and will have a capacity of 7.5 million containers a year with terminals built to receive livestock, cereals, vehicles and coastguard vessels.

About the Author

- An enthusiast working in Dubai as an Assistant Operations Manager. Writing about Pakistan and the latest happenings, trends around the globe is my passion. A dreamer, learner and a major foodie.