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DOHA, Nov 29 (Reuters) - Qatar Navigation
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(Milaha) and Qatar Ports will start a joint venture to operate Qatar's Hamad Port in Doha, Milaha's Chairman Sheikh Ali bin Jassim bin Mohammad al-Thani said on Tuesday.
The venture, QTerminals, will have a proposed 100 million riyals ($27.5 million) in capital, Qatar's transport minister told reporters on the sidelines of a signing ceremony in Doha.
"The first phase of Hamad Port will begin operations on Thursday and have a handling capacity of two million twenty-foot equivalent units (TEUs) per annum," said Minister Jassim Saif Ahmed al-Sulaiti.
The $7.4 billion port is expected to be fully completed by 2020 and to have a capacity of seven million TEUs per annum and include three container terminals, a naval base and a special economic zone, Sulaiti said. ($1 = 3.6407 Qatar riyals)
(Reporting by Tom Finn; editing by David Clarke) ((Tom.Finn@thomsonreuters.com;))
The venture, QTerminals, will have a proposed 100 million riyals ($27.5 million) in capital, Qatar's transport minister told reporters on the sidelines of a signing ceremony in Doha.
"The first phase of Hamad Port will begin operations on Thursday and have a handling capacity of two million twenty-foot equivalent units (TEUs) per annum," said Minister Jassim Saif Ahmed al-Sulaiti.
The $7.4 billion port is expected to be fully completed by 2020 and to have a capacity of seven million TEUs per annum and include three container terminals, a naval base and a special economic zone, Sulaiti said. ($1 = 3.6407 Qatar riyals)
(Reporting by Tom Finn; editing by David Clarke) ((Tom.Finn@thomsonreuters.com;))
