Energy
City Qatar
1.
Facilities and Incentives
Energy
City Qatar (ECQ) will be the Middle East’s first full-service
energy business centre catering to the commercial, technical and
human resource needs of the oil and gas industry operating in
the region, providing them cutting-edge facilities and services.
ECQ will also be home to a dedicated energy trading platform,
the International Mercantile Exchange (IMEX), which will be regulated
by the Qatar Financial Centre Regulatory
Authority.
ECQ
is a pioneering development that will be the Gulf’s first
hydrocarbon industry hub, and will be a single point of access
to markets and expertise for global players in the hydrocarbon
value chain. ECQ is envisioned by Gulf Energy, a global consortium
of energy experts, who aim to attract the industry leaders in
oil and gas production, international oil companies, national
oil companies, support services, infrastructure and downstream
activities, shipping and trading, market and resource data, intellectual
property and energy trading. ECQ forms part of the major new city
development called Lusail, which is being developed by the Qatari
Diar Real Estate Investment Company. In addition to major business
and entertainment districts, Lusail will be home to around 200,000
residents.
1.
Facilities and Incentives
ECQ is investing in the development of a wide range of services
that will improve operational efficiency of oil and gas companies
that set up at the ECQ. ECQ is looking at providing the following
facilities and incentives:
• International Mercantile Exchange (IMEX) – The International
Mercantile Exchange will be a dedicated trading platform for the
trade of energy related contracts, futures, derivatives and products
of energy commodities within the region.
• Co-location Facility – ECQ will house a world class
co-location facility that will provide state-of-the-art communication,
data processing and data storage services.
• Business Processing Outsourcing Center (BPO) – ECQ
will provide its tenants with business process outsourcing services
that allows tenants to focus on business without having to create
any back office support.
• Remote Control Center – ECQ’s oil and gas
downstream services will offer a dedicated robotics platform that
will provide services related to visual testing, measurement,
and auto operations solutions for the difficult to reach locations.
• Conference, Information and Press Center – ECQ will
house a mix use conference, information and press center which
will consist of one large auditorium, a number of break-out rooms,
and one large multi-purpose hall.
• Facilities Management Center – The Facilities Management
Center will co-ordinate many functions including the day to day
operations, maintenance, security, systems management and activities
planning and provisioning.
• Contact Center – The Contact Center will house advanced
multi-channels communication network that is accessible from anywhere
in the world, and will be supported by a number global centers
that act as back-up and recovery centers with almost zero down
time.
• Financial Services – ECQ will have fully automated
suites of financial services that are based on easy accessibility
and speed of delivery.
• Global Oil and Gas Procurement Center – ECQ plans
to create the world’s first global oil and gas procurement
center, which will be a virtual market place for oil and gas companies
founded on advanced technology.
• Museum – ECQ will house the region’s only
oil and gas museum that will provide visitors with a unique experience
of learning more about our globe, its energy sources, the environment,
and the regions importance and history in this sector.
• Shipping Brokerage and Logistics – ECQ will provide
a full logistical service that covers all types of shipping, booking,
receiving, bill clearing, and insurance for any type of oil and
gas related goods, materials, machinery, and also dry and wet
goods.
• Retail Outlets – ECQ will house a number of retail
outlets which will include food, grocery, dry cleaning, bookstores
and office supplies, medical, beauty, tourism, banks branches,
transportation, etc.
• Advanced Training and Simulation Center – ECQ will
develop in partnership with global companies a number of on-site
and offsite training facilities for the oil and gas sector.
• Other Incentives under Review – The incentives under
review are:
- - No Taxes.
-- 100% Foreign Ownership.
-- Incorporation as a Local Company.
-- Trade with no Local Agent.
-- Sponsorship of Expatriate Employees.
-- Duty-free Import of Goods and Services.
-- Unrestricted Repatriation of Profits and Capital.
-- Operate as a Branch of a Foreign Owned Company.
Contact
Details
Energy City Qatar
PO Box 26262
Doha, Qatar
Tel: +974 436 0111
Fax: +974 436 0222
Email: info@energycity.com
website – www.energycity.com
