Land transport sector transactions surge 75%
The Peninsula
Doha, Qatar: Qatar s land transport sector transactionshas witnessed remarkable growth in the first nine months of this year. The Ministry of Transpor...
Doha, Qatar: Qatar’s land transport sector transactions has witnessed remarkable growth in the first nine months of this year. The Ministry of Transport (MoT) completed 9,238 transactions through the Land Transport Sector in the first three quarters of 2024.
There were over 3,400 transactions processed through the land transport sector in the third quarter (Q3) of this year, the ministry said in a post on X recently. This shows a rise of 17 percent on a quarter-on-quarter (q-o-q) basis when compared to the second quarter of the current year. Meanwhile on a year-on-year (y-o-y) basis, compared to the third quarter of the last year the transactions witnessed a surge of 75 percent.
The land transport transactions achieved the highest levels during the third quarter (July-September) of this year with a total of 3,473. This was followed by the second quarter (April-June) registering 2,971 transactions and the first quarter (January-March) which recorded 2,794 land transport transactions.
The land transport sector has become a key enabler of the Qatari economy as the country has continued its efforts to develop a state-of-the-art transport network in line with the goals of the Qatar National Vision 2030.
Out of the total transactions in the third quarter of this year; 1,704 dealt with land transport licensing, 950 were related to road affairs, and 819 transactions to land transport planning. The main services of the land transport sector include road defects detection, safety on roads, directional signs, building permit requests, traffic impact studies, and approval of land transport network planning cases.
