Qatari Diar Real Estate Investment Company, an international leader in sustainable development, today announced that it is expanding the land size of its landmark Mushaireb mixed-use community development located in downtown Khartoum through the acquisition of an additional 58,000 sqm of land, resulting in a total 206,000 sqm for the project.
The expansion was announced at a signing ceremony for the new land purchase at Qatari Diar’s Lusail headquarters in Doha today, presided by Eng. Mohammed bin Ali Al Hedfa, Group Chief Executive Officer of Qatari Diar, and a representative from the Sudanese government, HE Mohammed Abdul Wahab Othman, Minister of Planning and Urban Development.
Eng. Mohammed bin Ali Al Hedfa, Group CEO of Qatari Diar, commented on the announcement:
“The expansion of our Mushaireb development in Sudan reflects Qatari Diar’s deep commitment to establishing the best possible mixed-use real estate development, with an emphasis on sustainable development, for the people of Sudan. We see strong potential for the country’s long-term growth, and we are proud to be helping to improve the business, tourist, and residential opportunities and infrastructure in Sudan. Through our expansion of Mushaireb will be creating a unique environment where Sudanese heritage meets modern luxury. We look forward to continuing progress as our work on the site continues.”
In November of 2009, Qatari Diar unveiled revised master plans for Mushaireb at a press conference in Khartoum, and construction work on Phase-1 of Mushaireb began in 2009. The development has already proven to be a desirable location for investors seeking prime real estate in the heart of Khartoum.
Mushaireb will be one of Khartoum’s most distinguished developments, offering a new distinct luxurious integrated facility that will elevate the level of future Khartoum real estate projects.
This mixed-use development is situated on a prime location in downtown Khartoum with views along the Nile, conveniently just 20 minutes from Khartoum’s airport.
Mushaireb will mix traditional architecture within an urban landscape, and will include a 5-star hotel, 8 residential and retail towers, and office space. As part of the project, Qatari Diar will also undertake a redevelopment of the majestic waterfront corniche area along the Nile into a family-friendly entertainment area.
HE the Minister of Planning and Urban Development, Eng. Mohammed Abdul Wahab Othman stated: “This announcement represents the strong bond between the people of Sudan and Qatar. Mushaireb is an exciting and prestigious project that will revitalize downtown Khartoum and provide vibrant new business, residential, tourist, and commercial opportunities to the city. We look forward to continuing to find new ways to work with Qatari Diar and the Qatar people in all avenues to encourage the prosperous development of Sudan.”
Launched in 2004, Qatari Diar is wholly-owned by the Qatar Investment Authority and currently has more than 35 real estate development projects active in more than 20 countries around the world. Qatari Diar’s unique vision of sustainable development places community and local traditions at the forefront. It creates distinguished property developments with local culture and lifestyle experience to attract tourism and residents generating sustainable and tangible socio-economic benefits.
About Qatari Diar Real Estate Investment Company:
Wholly owned by the Qatar Investment Authority, Qatari Diar Real Estate Investment Company was established in December 2004 to support Qatar’s growing economy and to co-ordinate the country’s real estate development priorities. Qatari Diar is currently involved in more than 35 projects in more than 20 countries around the world, including Qatar, Morocco, France, Oman, Egypt, Djibouti, and Eritrea.
Qatari Diar is becoming established as one of the world’s most trusted and respected real estate companies because of its commitment to quality, local community, partnership and hallmark sustainability.
Qatari Diar’s hallmark vision of sustainable development places community and local traditions at the forefront. The Company aims to create and manage property investments and developments which not only comply with the best international standards, but which also strongly reflect local culture and values. As a result, Qatari Diar’s projects deliver a distinctive and sustainable social, economic and environmental benefit to the community. In addition, Qatari Diar often enables local and international developers and investors to partner in its projects, and to work together in exploring other opportunities, both locally and internationally.
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