Qatar takes steps to help private sector as Arab sanctions hurt economy

Dubai

QATAR'S government announced on Saturday measures to help private sector businesses after its economy was hurt by sanctions imposed by other Arab states.

Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani decided to cut rents paid by companies in Qatar's logistics zones in half during 2018 and 2019, official news agency QNA reported. New investors in the zones will be completely exempt from paying rents for a year if they obtain building permits by certain deadlines.