Qatari Diar Offers Investment Opportunities to Develop Al Maha Island

Qatari Diar has announced that it is offering an opportunity to invest in a seasonal entertainment city on Al Maha Island in Lusail City. The “rare opportunity” is being extended by Qatari Diar to developers and entertainment companies to participate in what it describes as a “major world-class” entertainment project, which is expected to be built on a 200,000sq m area on Al Maha Island “over the medium term.”

According to Qatari Diar, the destination will feature integrated attractions, including a theme park, beach club, sports venues, and entertainment facilities for all ages, as well as restaurants and cafés. Al Maha Island is located opposite to Marina District and just off the coast of Tarfat Lusail District, which is home to international hotels, tourist facilities, and Place Vendome, which is poised as “the new luxury shopping mall.”

“Situated in the vicinity of Lusail Marina, the project location is easily accessible via Lusail Expressway from the rest of the city and from different areas of Doha. Collect the request for proposal (RFP) from Sunday, September 12, 2021. Submit your proposal by Thursday, October 14, 2021,” Qatari Diar stated in its announcement.

“Qatari Diar Real Estate Company was established in 2005 by the Qatar Investment Authority, Qatar’s sovereign wealth fund. Headquartered northeast of capital Doha on the coast of the Persian Gulf, Qatari Diar was entrusted to support Qatar’s growing economy and to coordinate the country’s real estate development priorities.

“The company’s flagship project, Lusail City, was launched in December 2005 and quickly went on to gain tremendous praise for its innovative approach to real estate. The progressive self-contained city is the largest single development to be undertaken in the State of Qatar and although it is currently under construction, Lusail already signifies Qatar’s progress on a grand scale, reflecting the vision and quality that have become synonymous with Qatari Diar,” the company’s website stated.

It added: “Parallel to its significant real estate developments within Qatar, the company has been committed since the beginning to bringing its vision to life, one for real estate that improves the quality of life and contributes to the community and onto the international stage. Today, Qatari Diar has established itself as one of the world’s most trusted and respected real estate companies because of its commitment to quality, local community, partnership, and sustainability.

“As of 2020, Qatari Diar has a shared capital of US$8 billion, With 50 investment projects under development held in 22 countries around the world, combining an investment value of around US$35 billion.”