Monday, 12 September 2016

The actual exit of shipping firms from Nigeria

With the Nigerian economy in economic downturn, the spiralling negative effects have already started to influence on the procedures of key sectors of the economy. One of the sub-sectors that's at the receiving end of the current economic depression will be the shipping business.

Moaning under extreme hardship because of government policies along with worldwide economic problems, the news from the Maritime sub-sector just isn't heartening, as over 20 shipping firms were reported to have exited the nation’s shores. As a result, no less than 3,000 dockworkers have been let go by numerous shipping firms, terminal operators and logistics firms. This is mostly due to lack of poor import policies recently introduced by the government. According to the Dockworkers Union of Nigeria (DUN), the massive retrenchment in the sub-sector was due to the Government inability to meet its joint venture obligation with the global oil companies that are major partners with the marine logistic companies.

The shipping traces exited our shoreline because of growing cutbacks resulting from declining traffic volumes and recent government import policy.

It'll be recalled that the Federal Government last year placed restriction on the importation of about Forty one items due to Foreign Exchange scarcity. But, federal government defended its actions and promised to encourage domestic production of some of the goods that could be developed locally. However, your shipping firms are generally complaining that the bar has adversely impacted their operations. Consequently, they are asking that the restriction be raised or else it will promote smuggling, diversion of boats to neighbouring international locations, leaving our ports virtually empty as well as general loss of earnings to government.

We urge the government and the relevant agencies in the maritime sub-sector to take reveal analysis of the complaints that have resulted in the departure of the shipping companies with a view to revive the smooth operations of the maritime industry.

While it's necessary to restrict the actual importation of goods that can be made locally and help save scarce forex, the value of the maritime industry of which shipping staff play a vital role mustn't be ignored. Statistics demonstrate that since this year, the volume of goods imported in to the country has shrunk by over 30 percent. This is because the shipping lines are reportedly shifting bottom to other West African countries in response to government new policy.

Authorities should review a few of the policies as it influences the shipping functions in our shores.
There is need to meet the joint venture obligations with the overseas oil companies, that are major partners from the sector.
Government must not allow the shipping sub-sector to lag behind from the global sector.

Our own country is enormously endowed with coastlines and also navigable inland waterways, along with strategically placed on the particular Atlantic Coast of West Africa. And 76 percent of transport business that takes invest the whole of Gulf Africa is apparently done in Nigeria. Which means that Nigeria should continue to be a key player in West Africa.

Therefore, government should do everything to contain the exit regarding shipping firms in your shores and help save the jobs of an incredible number of workers. According to Economic Intelligence that watches the maritime sub-sector, regardless of Nigeria’s large export of crude and importance of over 100 thousand tons of general shipment, no Nigerian flagship happens to be plying international routes.

Also, statistics from the Nigerian Plug-ins Authority (NPA) on deliver calls to the nation reveal that between Last year and 2012, Nigeria’s tonnage has grown from 82m tons to over 150m with an estimated freight payment of soaring from $4.1bn to previously mentioned $7.5bn annually. But the engagement of Nigerians remains nearly zero.

Although the exit of foreign shipping firms may be the chance our local shipping and delivery firms may be expecting, we doubt whether they have the capacity and skill now to fill the void without harming an already hemorrhage economy with its other adverse consequences. Govt should swiftly intercede and arrest much the same experience that observed the exit of some airlines to be able to neighbouring countries.

Tuesday, 2 August 2016

7 necessary funds tips to consider when moving abroad



Around 123,000 British residents emigrated from the British in 2015 according to the Workplace for National Statistics.

Popular destinations incorporate: Australia, France, the us, the United Arab Emirates and Canada.

Many leave for work-related reasons and also to move closer to family members or loved ones.

Thousands of people decide to move abroad every year and money is a big consideration when creating the leap. Basic a big decision, it’s well worth taking the time to visit the country you want to move to prior to a long-term commitment. In addition, ensure that you meet all the immigration and credit rules before turning out to be emotionally and fiscally attached to a specific nation.

If you’re thinking of functioning or retiring overseas, there are a number of functional financial considerations to take into account, according to Geraint Davies, the Md of Surrey-based Montfort International which usually specialises in global financial planning. Every client situation is constantly different. The key, as a result, is to ensure that your economic planning is ‘conjoined’.

He or she explains: “Getting a financial program in place is not a high end. Moving abroad will usually result in a change to your own financial circumstances including: personal tax, inheritance tax, pensions, property, savings and opportunities. Exchange rates will also have an impact on how you plan your finances hence the need for any conjoined plan.”

Here are Half a dozen practical money tricks to help with your transfer abroad.

1. First steps

Take half the particular stuff and twice as much money as you need. This is a travel mantra that applies to quick voyages and everlasting ones. When moving abroad you have to afford renting or investing in a place, flights, moving, storage, visas, legal fees and putting in place an urgent situation cushion. It is more affordable and easier to only consider essentials and consider offering stuff you don’t need -- like that battered previous sofa - for additional cash before you go. If at all possible pay off debts. Should you be unable to do this make contact with creditors before you go to prevent any future economic headaches.

2. Living cost


Moving from the UK to a different country might be cheaper - a town like Berlin is a lot more affordable than Birmingham, while South Africa is great value for money but has its own downsides, like a higher crime rate for instance. Australia, Switzerland as well as certain Scandinavian countries such as Norway are some of the most high-priced countries in the world to advance to. Therefore it is crucial that you consider the kind of lifestyle you plan to lead inside your destination country of course, if you can still afford to are living there comfortably if your exchange rate shifts against you.

3. Fix exchange rates


Using something called a forwards contract allows you to repair a rate with Entire world First for up to 36 months based on the currency fee at the time of booking and provide you a guaranteed rate at which to exchange. This means you will know exactly how much cash you get in the future it doesn't matter what the currency market will in the meantime. However, any post-Brexit UK has ended in a weaker Fantastic British Pound (Sterling), which means the single pound, doesn’t stretch as far as this did in most cases.

4. How to send money abroad


Using a currency broker, like Planet First, is a safe and sound, secure and cheaper way to transfer cash abroad and, unlike with most banks, UK-based non-public clients are not incurred fees. Independent research shows that someone buying £10,500 worth of euros using World First could get as much as 3% more than they could do with their financial institution.* You can also set up regular international gets in pay bills or match commitments and, since global exchange rates will almost always be fluctuating, you can use the currency broker’s free charge alert service.

5.Tax is demanding

Settling your taxes affairs between your new house and the UK can be be extremely complicated - specifically if you have investments or property. It is really worth getting expert advice to help you understand the rules greater and to ensure that you aren't paying tax double when retiring or working abroad. Check out tax arrangements of the us you are heading to. Whatever you pay in tax will vary from place to place, and also the rules may be a little different. Also, should you be leaving the UK to call home abroad permanently or going to work in another country full-time for at least a full taxes year you must explain to HM Revenue and Customs (HMRC).

Davies from Montfort adds: “You need to look at this individually and holistically because it is almost all connected. Some purchases that are tax free in the UK, for example ISAs, are not tax free in other jurisdictions like Australia. So when it comes to property you also need to consider do you know the best options for you - this might consist of selling, changing ownership or remortgaging. The right time to of your move in foreign countries can reduce your duty liabilities.”

6. Transfer your pension

Most people who retire overseas have two sources of income: a state pension and a private or perhaps employer pension. In case you are retiring abroad you have to investigate how transferring overseas may impact any benefits or perhaps retirement income you get.

You may be able to move your UK type of pension savings to an overseas pension scheme Known as a Qualifying Recognized Overseas Pensions Plans (QROPS).

Davies from Montfort says: “For a few there are tax advantages to using them but for other individuals a move can cause drawbacks. This is especially true when whatever you thought was a QROPS wasn’t! As discovered by some any time HMRC reduced the number of plans it recognises just lately.

“QROPS are not a financial item, they are a facility offered by HMRC so they don’t fit everyone. When considering moving your pension ensure you explore all possibilities and get proper holistic financial advice in order that the advice is match and proper. Some overseas firms are generally notorious for telling you all the positives yet rarely those all-important disadvantages. The advice must be well balanced.”

7. Consider healthcare


Health insurance can be high-priced, especially in North America, and unlike the UK most health care systems are not free at the point of delivery. In case you are moving abroad on the permanent basis, you will not be entitled to medical treatment from your NHS, because it the residence-based healthcare system. Consequently, before leaving for your brand-new destination, it’s important to check out what health services are available to you for the reason that country. Budgeting for just about any additional healthcare expenses you may face, like regular health insurance installments, is important regardless of how healthy you are.

Thursday, 28 July 2016

The Way To Arrange A Car For Transportation


Examine Your Car Extensively regarding Active Damage Prior to Shipment
Look for and doc any pre-existing damages. This can be done in a few simple steps:
Carefully wash your car.

Produce a written report of the chips, dents, scratches or other cosmetic damage.
Take pictures of your car from several angles along with close-up shots associated with a damage.
Date the photographs as well as written record.
Verify that the transporter creates an official note along with your own personal records.

Remove Customized Products and private Items
Your vehicle will be looked over, loaded and unloaded numerous times whilst being transported. For that reason, it will more than likely travel unlocked. Decrease the likelihood of theft by getting rid of custom stereos, after-market video and DVD players, TVs, Gps navigation Systems, radio faceplates and detachable CD players. Ship these products separately.

Don't pack your car or truck with personal items. Dean Xeros, a business expert as well as the General Manager of uShip Motors, cites this among the commonest slip-up that people make when shipping their cars. “Your transporter will won't transport your car if it's full of your personal possessions. It's the transporter’s obligation to deliver your car, not to move your personal items. In addition, vehicle transporters aren't certified to transfer goods, so achieving this could result in fees and penalties.”

Make sure to take away all personal items in the interior of the car, including the trunk. An automotive transporter’s insurance is not going to include any personal items inside your vehicle. These products might change throughout transport and cause immense problems for your car. You will be held liable should your items affect another vehicle or the transport truck. Furthermore, these items will prove to add to the weight with the vehicle, that will impact the price and speed of service.

Take out Toll Tags and Parking Passes
Remove or deactivate any kind of toll tags or parking passes for your car. These items might be charged continually en route to the location. Furthermore, they're valuable and is targeted for theft.


Prepare Your Vehicle for Transportation
even though your car may end up being driven minimally throughout the transportation process, it ought to nonetheless stay in good driving condition. In accordance with Dean Xeros, inoperable vehicles may be shipped, but the transporter must know in advance to enable them to make the proper preparations. For operable vehicles, mechanical issues could cause unforeseen delays and damages. Therefore, you need to carry out a routine maintenance check before shipping your car.
 Have a look at robs list of preparations below:

-Ensure the battery includes a full charge which the tires are properly inflated.

-Fill up all fluids in the car

-Run down your gas tank to a 1 / 4 or eighth full. An almost-empty tank will save weight that assist
keep your shipment moving along quickly.

-Keep close track of the automobile for a few weeks just before shipment. Should there be leaks or mechanized problems make sure the car owner knows.

-Vehicles with leaks should not be put on the top rack of the multi-car carrier simply because they can drip around the vehicles below.

-Record mechanical problems and take note of any unique steps needed to drive your car off and on the trailer (including problems starting or stopping your vehicle). Give these instructions to the driver.

Prepare for on / off loading
Arrange your car to be loaded on and off your car transporter’s truck or trailer to assist them to deliver the car easily. Remember, the greater you prepare your car for shipment, the much more likely it will arrive on time and with out damages.
If you have a convertible, make sure the top is secured as thoroughly as you possibly can to prevent damage from air, debris, or moisture. If you fail to secure the top, add additional safety having a wind-resistant tarp.

Fold back your mirrors along with retract the antenna. Any specialty items, like fog lights, ground effects or spoilers should be secured or removed.
Finally, switch off or disable your car alarm. If you cannot disable the alarm, provide detailed, written instructions for your driver regarding how to turn off the alarm just in case it's triggered.


Tuesday, 5 July 2016

Changing home: Five ways to ensure that your move goes without a hitch



Relocating home is some thing a lot of us dread. Whether it’s the trouble associated with packing up all our worldly belongings or the strain of taking boxes all the way up flights of stairs, it’s not a activity we could relish.

Then one on the toughest aspects of shifting is frequently discovering the right person or company to help you get from A to B.

1. Become organised

When you have made a decision it's actually time to get a change, it’s never too early to talk to your mover. A great mover should be able to assist you with every aspect of your move, and quite often plenty of this comes before the special day.

Don’t result in everything to the very last minute, and be sure you stay talking to the business you've selected to make sure every thing goes smoothly.

2. Check out their experience

When you are looking into moving and packing organizations, be aware of BAR badge accreditation. This will likely show that the organization are associated with the British Association of Removers, providing you with self-assurance for their quality and standards.

The Which? Trusted Trader authorization scheme also tells you which other customers are actually happy with their move - consumer confidence is crucial whenever figuring out a reputable firm.

3. Less may not be more

While many people may ultimately be working to a budget, a cheap offer will finish up costing more.

Often the fine print - or loss of it - can lead to unexpected charges right then and there of moving, or a inexpensive estimate could suddenly skyrocket. Look for a completely transparent, set rate and constantly insist on a property survey and a comprehensive written quote.

4. Create a visit

If you’re keeping your products just before moving, always take a trip to inspect the firm’s storage services - you’ll want to make sure your belongings are going someplace safe.

It’s additionally a wise decision to prevent using different mover and safe-keeping companies as, in the event that anything goes completely wrong, it’s difficult to establish who is responsible.


5. Phone friends

There’s almost nothing like a good recommendation in terms of getting a tradesman or service. Ask friends and family that they have used in the past, and look for independent testimonials on sites such as Which? Trusted Traders or Reference Line.


Thursday, 9 June 2016

12 Very Important Tips For Relocating Abroad


Moving overseas is probably the many liberating, satisfying experiences I’ve had. Before I left for London all I did was picture how much fun I was gonna be experiencing as I was living there as well as exploring the globe, I didn’t really think about the nuts and bolts with moving until the time came. It had been mind-boggling and there was a heap to complete, a lot of things I hadn’t looked at. If you’re planning a relocate abroad, this is my tips to help you with all the move.

If perhaps you’ve been lucky enough to relocate overseas before, what exactly are the top tips? I’d love tohear all of them and I also understand others would certainly truly appreciate your advice too.

Sell your stuff
In the months before your departure, execute a large spring-clean and start saving money all the stuff you don’t want to retain like clothes, furniture, trinkets, Cds, Dvds, video games, books etc. Find a nearby flea marketplace then arrange for hosting a stall, you’ll be amazed what folks are interested and you could easily make a few hundred pounds funds to line your pockets with, right before you go.

Keep rest

Once you weigh it up, it can be quite cost-effective to store your larger items instead of selling them all then having to re-purchase once you go back home in one year or two. Look around for a great storage facility and make certain they have got satisfactory protection, regularly deal with for unwanted pests and they are protected from fire or flood. Fort Knox Storage space is often a reliable company and it has lots of areas in Queensland. Spend money on high quality packaging supplies, like boxes, packaging foam, bubble wrap and tape, Packqueen is a good place to begin.

Send over your essentials

Knowing you can’t survive the coming years on the contents of one bag, send several of the items over in advance. Such things as books, laptops and garments will be sent abroad utilizing a business like World Baggage. This means you don’t need to spend a fortune re-feathering your nest and it’s particularly useful if you’re spending time traveling before arriving in your last destination. You don’t want solid jackets as well as wintry weather clothing taking your treasured baggage room when you’re investing two months backpacking asia before you relax London.

Insurance coverage

Should you have a position arranged, you have to check with your new employer if you’re covered by the insurance and just what, specifically, you're protected for. If your new workplace insures you for medical, be sure you understand exactly what is covered. If you’re not covered, you may need to consider long-term travel cover.

Passport

Ensure that your passport has at least half a year validity from your organized return-home date (yes, return date, not your departure date). Carry additional passport pictures in the event your passport is lost or even thieved and you also have to replace it while you’re away, get the duplicates observed by a Justice with the Peace.


Visas

You should learn well in advance exactly what regulations connect with get yourself a residency permit, visa or even operating visa through getting in touch with the foreign mission (embassy, high commission or consulate) of the nation in places you desire to work. Some nations require your potential workplace to be able to sponsor you before work permit or visa can be issued. Be aware that the tourist visa may not enable you to undertake any form of work, including voluntary or unpaid activities.

Make sure you also look into the visa requirements of countries you might be transiting on your journey to one further destination.

Voting

When you are abroad there are specifications you need to fulfill to be able to stay with the electoral roll, and in some cases to avoid a fine. Just because you aren’t home doesn’t mean you don’t ought to vote (Aussies!) and you'll be fined if you fail to vote. If you do elect while living abroad, retain proof you actually lodged the vote as needed as well as on time.

Essential documents

If you intend to stay overseas for an extended period, it’s recommended that you bring your personal documents together with you, including certificates relevant to:

birth, name adjust and also marriage
citizenship
divorce and custody arrangements
police checks
educational qualifications.
Settling-in expenses

Prior to leaving home be sure you have enough money saved to acquire set-up within your new country. If you have a job lined, up your employer may help with some of one's relocation expenses. Be really clear by what they'll cover and when, sometimes they don’t pay money for expenses upfront to be able to become out-of-pocket at first.

Banking

If you’re remaining in a country for an extended period of time, you might want to set up a banking account in the country. The bank around australia may be able to help with suggesting banks overseas or give you top tips on which personal documentation you may have to provide to set up a bank account internationally. Consider contacting a bank inside your new country in advance for similar advice.

Paperwork

You’ll have to get in contact with everybody who sends you essential mail to allow them know you’re going overseas, for example banks, superannuation funds, insurance firms, an accountant as well as the Aussie Tax Office. Australia Post includes a great service, Alert Organisations, that is free and could be carried out on the internet. Essentially, because mail will come in, these people tell the organization you’ve relocated. You should also place a redirect in your mail and have a close member of the family, such as your mum, to get your posting for you whilst you’re away and let you see whether something comes through that looks important (such as a fine!)

Driving

It could be worthwhile obtaining an international drivers permit through NRMA. A worldwide drivers license enables you to drive abroad with out additional tests or application, provided your Australian license is still valid. You'll need it in many countries if you plan to lease an automobile and it can form a part of your personal identification evidence and save you flashing your passport throughout town.

Wednesday, 25 May 2016

How you can Move Your Items To another country Inexpensively and Effectively

Relocating to foreign countries might be a perplexing procedure for the expatriate or immigrant within a strict budget. Particularly if your recruiter is not paying your moving expenditures, or you don’t have an employer in place for you at this point, you must be pretty vigilant on how you are expending cash when you are migrating abroad.


Listed here are our my suggestions about relocating overseas if you are an expatriate with limited funds:

• Use the Airline Baggage Allowance in your favor: If you are traveling a substantial distance, the majority of the significant airlines will certainly offer you 2 free checked bags, one carry on case, and one personal bag. Employ this in your favor. At the same time, to be sure that you are not over the 50 kg weight limit for the pair of checked bags, make certain you branch out your packing. For instance, place your shoes within your carry on bag and any jackets that will fit as well. This will allow you to fit much more of your clothing within your bags and steer clear of any additional moving fees by sending them.

• Use a focused currency service to transfer your income to your destination country and avoid large bank fees. By using the the right service, your cost savings will enable you to purchase pieces of furniture and other things you need inside your destination country.

• Go Furnished with Your Lodging: If you don't wish to send your furniture and don’t desire to invest in household furniture overseas, pay the added rent for an efficiency which is already furnished. As a result, it will be easy to save a considerable amount of money on your investment in heading overseas.


• In The Event You Desire to Ship, Think By Boat: A number of people are not aware that there's a reasonably priced snail mail option for shipping products internationally. If you inquire at your neighborhood post office, you will learn that there's a option to send your possessions by ship and it could take up to 3 months based on the distance. As an example, I sent five boxes from Seoul to San Diego and it took three months and cost me $20 for each box. When you've got time and prepare, this is an effective way of avoiding considerable surcharges when shipping items abroad such as winter coats.

• Consider a Container: If you do have a large amount to transfer and be aware that you are likely to be abroad for a incredible amount of time, think about selecting a container. This is a easy way to get all of your items in one place being shipped at the same time. That isn't always the most affordable option, but it depends how much you need the things that you're shipping to warrant the cost. When you are shifting your whole family, this might be a viable choice for you to look at as well.

• Have Family members Help You Along: One other way to use the airline suitcases requirement to your great advantage would be to make your relative bring a suitcase for you with belongings you won't need until later on in your stay overseas. This is an additional way to conserve significant amounts of cash on the free baggage allowance that are supplied by the majority of key airways.

• Think about Leaving Your Pieces of furniture in Your Home Region: For anyone who is taking a one-year task, why pay for your home furnishings to come if your recruiter isn’t giving you an allowance? It is a issue that you need to honestly have with yourself because your Ikea table, as an example, might not be worth shipping overseas. With all the great stores that have low-cost home furniture worldwide, it is possible to furnish your one-year apartment very easily.


These days, there are many affordable ways to move offshore. Due to the plethora of cost-effective shipping choices, extensive international flight options, and way to uncover furnished lodging, the expat on a tight budget can absolutely move internationally without spending an excessive amount of cash.


Friday, 8 April 2016

$7.5b Doha port to confirm Qatar’s position as worldwide logistics leader

JEDDAH - Specified for conclusion by 2020, the newest Doha port will propel the transportation sphere forward, double GDP, plus consolidate Qatar’s emergence as the world’s most significant producer of liquefied natural gas.

Tactically placed in the center of the prosperous Gulf Cooperation Council (GCC) nations, Qatar’s maritime shipping and delivery trade has undergone fantastic transformational alterations and it has begun to take off. Way back in 2010, the government unveiled a focused six-stage strategy to build a cutting edge and contemporary port on the coastline near the capital of Doha.

Having a combined population of well over 47 million not to mention yearly financial output at the top of $1.6 trillion (£1 trillion), the six GCC countries Bahrain, Kuwait, Oman, Qatar, Saudi Arabia as well as United Arab Emirates, make up a powerful block of open and integrated economies at a critical crossroads of the world wide economy, between Asia, Europe, Africa and even the Americas. With regard to international trade, in particular maritime shipping, the Middle East presents rewarding opportunities for businesses that can make use of the region’s emergence as a worldwide logistics centre. Back in 2014, Qatar, UAE, Oman, Jordan, Saudi Arabia and Kuwait ranked highest out of 45 emerging markets nations inside the key category of “market compatibility,” outlined by an simplicity of doing business.

As the location has become a considerably important part of world wide shipping and commerce, Doha has set itself apart from some other logistic hubs for instance Dubai through investing intensely in efficient modern infrastructure. Qatar’s maritime ports are going through major expansion. National project spending is likely to top $100 billion across infrastructure, real estate and other energy and non-energy industries across the up coming decade, reported by analysis from the Investment Bank of Qatar.


The new port project alone accounts for $7.5 billion of that spending. Formerly targeted for finalization in 2030, coordinators have sped up the time frame and supplied the resources to cut 10 years off of the construction time-line, finishing all 6 steps of the challenge in the following 5 years.

“By 2016 a state-of-the-art world class port will be accomplished,” said Sheikh Ali bin Jassim Al Thani. “Qatar is offering what other GCC nations cannot give for the reason that don't have the assets to do so. The latest port provides customers with easily accessible gas and electricity, easy to customize warehouses and distribution facilities, multi-purpose warehouses, 3rd party logistics (3PL), a contemporary and high-tech data center, a tremendous container yard, and a transport service shop. Moreover, they'll also have refrigeration services, chilled services and dry locations for those things that need to stay away from humidity.”

With the initial phase finished in 2016, the latest Port will consist of 3 terminals with an eventual combined yearly capacity greater than six million storage containers. The project doesn't just accommodate the predicted rise in container traffic, but will also deal with normal shipment traffic, vehicle imports, livestock imports, mass grain imports, foreign support vessels, coast guard vessels, plus a marine assistance unit. Follow-up projects include high-value and cutting-edge production amenities for the fabrication and repair off offshore and land-based petrochemical constructions, and for the construction, repair and maintenance of high-value smaller, medium and huge vessels. The port plan envisages a hub for maintenance, conversion and construction of all types of crafts, which includes tugs and workboats, military vessels and high-value smaller vessels such as luxury yachts, to the greatest vessels around the world.

All of this comes in addition to the state-of-the-art shipyard that has previously been constructed by Nakilat - Qatar’s state owned shipping company which operates and manages vessels as well as offers shipping and marine-related services. The Erhama Bin Jaber Al Jalahma Shipyard in the Port of Ras Laffan was launched in 2010, marking a milestone not just for Nakilat, but for the whole maritime business in the country.

“It is a $2.8 billion state-of-the-art facility for ship building and restoration, and the overseas community has given it a powerful appraisal with regard to development and level of quality,” stated Abdullah Al Sulaiti. “Now we have the capacity in Qatar to generate a variety of vessels, either industrial or commercial, when I suggest ‘commercial’ I mean top of the range luxurious yachts. In fact, we are presently constructing two 72 meter luxurious yachts; the first will be delivered by the end of next year. It is a big moment for Qatar’s young ship building sector and to discover such capability available in the country in such a short time period makes me extremely proud of what is being reached.”

Along with the world-class shipyard already operational at the Port of Ras Laffan combined with planned developments in Doha, Al Thani says that when all assignments are completed, several other regional shipping and logistics players won’t have the capacity to deal with Qatar.

“Dubai, for example, will be unable to contest with this degree of service in offering such a facility. Qatar is soaring up that marine shipping direction. We'll continue being a very good player and in the long run we will surpass them.”

Seeking to draw in yet additional international financial commitment, the authorities has arranged a specific economic zone beside the brand new port in Doha. The Qatar Economic Zone 3 (QEZ3), is a self-contained development containing industrial and residential facilities and forming a crucial link inside the country’s strategic fiscal plans. The QEZ3 will serve as a transportation and trade gateway into Qatar and provide financial hub around the Port for manufacturing, shipping and trade across numerous industrial sectors, producing import as well as export synergy.

What’s more, the Doha port project dovetails with Qatar’s breakthrough as the world’s largest supplier of liquefied natural gas (LNG). Inside of 20 years, Qatar has improved itself into the world’s primary distributor of LNG, contributing about a third of all intercontinental commerce.