Ras Laffan sees US$70bn in investments

Ras Laffan chief talks of continued massive investments

The Ras Laffan Industrial City is set to more than double its size.
The Ras Laffan Industrial City is set to more than double its size.

Qatar’s Ras Laffan Industrial City (RLIC) is estimated to have made US$70 billion in investments to date according to its director.

Abdul Aziz Jassim Al Muftah said that the city is still pursuing its planning and development programme in infrastructure of its existing industries, future hydrocarbon industries associated with LNG and support services industries.

Speaking with the Qatar News Agency, Al Muftah said that a number of major projects were slated for implementation this year, including a solar technology project to produce polysilicon and the Barzan gas company for supplying gas mostly to the domestic market, and feeding the industrial and desalination requirements.

"I am proud of the important role played by Ras Laffan Industrial City in achieving the vision of HH the emir Sheikh Hamad bin Khalifa Al Thani, and in the accomplishment of our LNG’s industry target capacity of 77 million tonnes per annum, which is seen as a great achievement last year," he said.

RLIC continues to expand further with Qatar Petroleum maintaining oversight over its growth, said the director. In an updated plan for the major industrial zone, Al Muftah said that it would be expanded to cover a total area of 295 square kilometres which more than doubles its current size, helping it meet and secure the needs of Qatar’s growing hydrocarbons industry over the next 30 years.

Steps are being taken to establish Ras Laffan’s Emergency & Safety Training College in the western part of RLIC, Al Muftah told the news agency adding that it would be a world class educational institution in terms of size, facilities and the content of its courses.

He revealed that there would be extensive work on building Qatari ships, adding that Nakilat, Qatar’s main LNG vessel operator has signed a partnership with the Dutch shipbuilder, Damen to create a new company called Nakilat Damen Shipyards Qatar (NQSD) to build both commercial and private vessels.

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