05/07/2026
Ministry of Commerce & Industry, QatarEnergy, to cooperate on evaluating and allocating hydrocarbon-derived resources to qualifying industrial investment opportunities and to develop a new medium industries area in MIC
The Ministry of Commerce and Industry (MoCI) and QatarEnergy signed the Terms of Reference (ToR) for cooperating to establish and implement a governance mechanism for the allocation of hydrocarbon-derived resources to industrial investment opportunities, and to develop a new medium industries area in Mesaieed Industrial City (MIC).
The agreed Terms of Reference stipulate the evaluation and allocation of hydrocarbon-derived resources, natural gas, power, and related natural resources to downstream derivative industrial investment opportunities. It will also ensure the optimal use of national resources and enhance the added value of the industrial sector by establishing a joint governance framework to evaluate and allocate resources required by qualified industrial investment opportunities.
The signing took place during a ceremony held today at QatarEnergy’s headquarters, witnessed by His Excellency Sheikh Faisal bin Thani bin Faisal Al Thani, the Minister of Commerce and Industry, and His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy. The agreement was signed by His Excellency Mr. Saleh Majid Al-Khulaifi, Assistant Undersecretary for Industrial Affairs and Business Development at the Ministry of Commerce and Industry, and Mr. Ahmad Saeed Al-Amoodi, Executive Vice President for Surface Development and Sustainability at QatarEnergy.
In remarks on this occasion, His Excellency Sheikh Faisal bin Thani bin Faisal Al Thani said: “This agreement represents a strategic step towards enhancing the competitiveness of the industrial sector in the State of Qatar, by establishing a joint governance framework that ensures the optimal use of national resources and directs them towards value-added industrial investment opportunities, thus helping attract qualitative investments and supporting sustainable industrial growth. Through this agreement, the Ministry of Commerce and Industry will lead efforts to attract industrial investments, connect with investors, and coordinate the industrial ecosystem, while QatarEnergy will provide technical and commercial expertise related to resource allocation and utilization. This comes as part of the Ministry’s efforts to strengthening the industrial investment environment, supporting economic diversity, and achieving sustainable development in the State of Qatar as stipulated by Qatar National Vision 2030 and the Third National Development Strategy.”