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Doing Business in Qatar ( QNB 2009 Report )

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

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