Posted on April 23, 2018

Day two of Cityscape Qatar 2018 got underway with the continuation of an array of project launches and signing ceremonies set to shape the country, and saw experts and influencers highlight some of the major investment opportunities in the local and international property sector. 

Running until Wednesday 25th April at the Doha Exhibition and Convention Centre (DECC), the 7th edition of Cityscape Qatar brought together up to 50 local and international exhibitors, and provided them with the platform to launch a range of leading real estate projects.

Eliff Sukkar from Qatar Financial Markets Authority & Qatar Representative Investment Support and Promotion Agency of Turkey (ISPAT) kicked off the highly anticipated Cityscape Qatar Talks, highlighting the sustainable partnerships between Qatar and Turkey and how the property market is set to foster stronger relationships between the two countries. Cityscape Talks, a free-to-attend platform on the show floor, offering a wide range of presentations, covering a range of themes and offers visitors the opportunity to network and make informed investment decisions, also delved into the topics: Introducing SAK Services hosted on behalf of the Ministry of Justice, A-Z about the London Property Market, and Investment Hotspot Analysis: Which Location works Best for You.

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Dr. Amira Awad, Ministry of Justice provided further insight on the national project, SAK, a web portal for digital documentation based on developing rules and digital documentation for the real estate sector. The new electronic system will adopt a one-stop shop system, where citizens can complete all steps of registering a property at one place. This follows directives of Emir H H Sheikh Tamim bin Hamad Al Thani to facilitate government services for citizens. The portal is part of Qatar’s e-government strategy 2020, implemented under the directives of Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani.

The late afternoon, welcomed HE Ambassador from the Republic of Georgia, Nikolai Revazishvili, who discussed investment opportunities in Georgia. In collaboration with the firm Cushman and Wakefield Georgia, the presentation delved into the many strategic partnerships Qatar has formed. The show also saw the signing of three further agreements by United Development Company, one of the largest Qatari shareholding companies and master developer of The Pearl-Qatar, worth QR 334 million for the development of Gewan Island.

The event brought together HE Turki Bin Mohammed Al-Khater, UDC Chairman and Ibrahim Jassim Al-Othman, the company’s President and CEO, along with a number of officials, department chiefs, businessmen and representatives of the public and private sectors. "We are very confident that Gewan Island and its real estate offerings will attract both local and international investors. Our investment in these construction contracts reflects our commitment towards shareholders to working with leading real estate development companies as part of our efforts to implement development projects that enhance Qatar’s position on the global investment map,” commented Al-Othman.

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Msheireb Properties and Qatari Diar, showcased its projects that are both slated to change the way people work, commute and play in the country; their prospective models for the future of the city of Doha garnering interest from stakeholders and prospective investors alike. Msheireb Properties, a subsidiary of Qatar Foundation for Education, Sciences and Social Development, opened its pavilion at Cityscape Qatar offering visitors access to new leasing opportunities at Msheireb Downtown Doha (MDD). Lee Talbott, Director of Sales and Leasing at Msheireb Properties added: “The whole project is being done in phases and will be complete by 2020.”  The project is currently 88% complete.

Qatari Diar Real Estate Investment Company announced that it had completed 80% of Lusail City’s infrastructure projects. The estimated total cost of developing the City of Lusail is QAR 40 billion, which will be spent on developing infrastructure and services. Faariss Khalil, Exhibition Manager for Cityscape Qatar said the success and interest from government and industry stakeholders observed so far at Cityscape was encouraging for the country’s real estate sector. “There are several projects being launched by locally owned developers, including the mega project Gewan Island which was unveiled by UDC at this week, with three further signing agreements being launched today.”

These include project management services awarded to Faithful+Gould, Dar Al-Handasah awarded design consultancy services and MEDCO who were awarded dredging, reclamation and marine works. Over the next few days, real estate trends, investment hotspots in the country and around the world, and REITs will be discussed by real estate experts at Cityscape Talks, held on the show floor and available to all visitors.

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