“CON­STRUC­TION SEC­TOR UN­AF­FECTED BY BLOCK­ADE”

Qatar Today - - BUSINESS | REALTY CHECK -

Ac­cord­ing to Qatari real es­tate com­pany SAK Hold­ing Group, the em­bargo im­posed on Qatar by its GCC neigh­bours has been a fail­ure.

In its monthly ‘Mar­ket Watch Bureau' re­port, SAK claimed that the key in­fras­truc­ture, real es­tate, con­struc­tion and in­dus­trial sec­tors were able to re­sist the block­ade, adding that im­ports from the siege coun­tries are less than 25% of Qatar's to­tal de­mand.

“There were ap­pre­hen­sions that our trade and busi­ness may be af­fected by the clo­sure of land bor­ders and sea and air ports,” said SAK Hold­ing Group Deputy CEO Ab­dul­rah­man Al Na­j­jar.

He added: “This be­lief is wrong, be­cause ac­cord­ing to doc­u­mented stud­ies on the ex­tent of our reliance on im­ports from neigh­bour­ing coun­tries in the past, we found that they do not ex­ceed 25% of the im­ports com­ing into Qatar through Doha Sea Port, which can be eas­ily over­come.”

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