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10.01.2013, 01:28

Phase 2 Msheireb Downtown Doha awarded

Author: FM Magazine (GCC Edition) Administrator

Msheireb Properties confirm QR 2.3 Billion (AED 2.35 Billion) contract.

Msheireb Properties, one of Qatar’s leading sustainable real estate developers, have announced the award of a QR2.3 billion (AED 2.35 Billion) contract to Arabtec.

Arabtec will develop Phase 2 of the Msheireb Downtown Doha project which focuses predominantly on retail-oriented mixed-use activities including a retail galleria, residences, offices and hotel in the heart of Doha.

The contract will covers construction of a built-up area of approximately 370,000m² including ten 2 to 19 storey high buildings with up to 5 basement levels each.

Commenting on the award, Managing Director of Arabtec, Hasan Ismaik stated, “it is an honour for us to be involved in such an esteemed project, and I would like to thank Msheireb Properties for providing us this exciting opportunity and putting their trust in Arabtec."

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