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Wednesday, 12 Jun 2013

Barwa to sell $7.1bn assets to reduce debt

Barwa to sell $7.1bn assets to reduce debt
Qatari developer Barwa Real Estate plans to sell assets worth 26 billion riyals ($7.1 billion) to the property arm of the country’s sovereign wealth fund to reduce debt, the company said on Thursday. Among the assets being sold to Qatari Diar, which owns 45 percent of Barwa, will be the Barwa Commercial Avenue, Barwa Al Sadd and Barwa City projects, along with parts of the company’s...

Road diversion at Al Qurtubi Street near Qatar Bowling Centre

Road diversion at Al Qurtubi Street near Qatar Bowling Centre
A section of Al Qurtubi Street heading to Onaiza Street near Qatar Bowling Centre will be closed for a month starting Saturday June 8th, the Public Works Authority ‘Ashghal’ said. The Authority said the closure was part of the improvement works of the Doha and Rayyan sewage network. It added that traffic will be diverted to an alternate road during the temporary closure (as per the...

Qatar Rail awards QAR 30 billions contracts for Phase 1 of the Doha Metro

Qatar Rail awards QAR 30 billions contracts for Phase 1 of the Doha Metro
Qatar Railways (Qatar Rail), the company overseeing the construction of the much-anticipated integrated railway network, is pleased to announce the awarding of four ‘Design & Build’ Contracts for Phase 1 of the Doha Metro Project for a total of approximately QAR 30 Billions. The awarding of these contracts for Phase 1 of the Doha Metro marks a key milestone in the development of...

QPM celebrates fifth anniversary through achievements and future plans at annual gathering

QPM celebrates fifth anniversary through achievements and future plans at annual gathering
QPM – one of the region’s premier project management companies and the first Qatari firm in the field – celebrated its fifth year of successful operation by recognising some of the company’s achievements and long standing employee. In addition, QPM’s Chairman, Mr Ahmad Al Abdulla, emboldened its staff to continue working together as ‘one team with one purpose’ towards the...

Project Qatar’s end signals the start of a busy year as companies race to grow in Qatar

Project Qatar’s end signals the start of a busy year as companies race to grow in Qatar
Companies and countries attending this year’s edition of Project Qatar, the 10th International Trade Exhibition for Construction Technology, BuildingMaterials, Equipment and Environmental Technology For Qatar, are aggressively growing new business and pursuing leads in Qatar following the exhibition’s successful conclusion earlier this month. As with previous years, Project Qatar...

New gardens for Al Rayyan

New gardens for Al Rayyan
The public gardens department at the Ministry of Municipality and Urban Planning (MMUP) has handed over three new parks to Al Rayyan Municipality, local Arabic daily Arrayah reported yesterday. They are Al Sudan (around 4,560sq m), Al Waab (around 3,076sq m) and Muaither (4,927sq m) gardens. Picture shows the Al Waab garden. source: Gulf Times Advertisement ...

Hill secures $4.2m Pearl Qatar contract

Hill secures $4.2m Pearl Qatar contract
Qatar’s Land Investment & Real Estate Development Co has awarded Hill International a contract to provide project management services to a major towers development on the Pearl Qatar. Hill said the 20-month contract has an estimated of around QR15.2m ($4.2m). The Viva Bahriya and Porto Arabia towers development has a combined area or around 219,000 sq m and an estimated...

$1.4bn Doha Metro stations contract awarded

$1.4bn Doha Metro stations contract awarded
A consortium of companies from Spain, South Korea and Qatar have won a contract worth $1.4bn to build two of the Doha Metro’s most iconic stations. Spain’s OHL Group said in a statement that it, in partnership with Samsung C & T and Local Qatar Building Company, had secured the work on the rail project. It said the contract involves the design and construction of...

Cityscape Qatar 2013 concludes as the largest and best attended real estate exhibition

Cityscape Qatar 2013 concludes as the largest and best attended real estate exhibition
The three-day Cityscape Qatar 2013 exhibition concluded on Wednesday, May 29th 2013 with both attendance and transactions far exceeding expectations. Exhibitors, guests and officials who attended the largest real estate investment and development event in Qatar were highly impressed with the diversified projects, industry focus and strong participation at the exhibition. The second...

Mall of Qatar Cityscape launch proves a huge success

Mall of Qatar Cityscape launch proves a huge success
The Mall of Qatar’s Cityscape debut proved to be a huge success this week as crowds flocked to the project’s stylish stand to find out more about one of the region’s most vibrant new shopping destinations – due to open its doors to members of the public in 2015. The interactive model and project fly-through enabled the media, retailers and potential customers to gain a real...

H.E. Sheikh Hamad bin Jassim bin Jabor Al Thani tours Cityscape Qatar exhibition

H.E. Sheikh Hamad bin Jassim bin Jabor Al Thani tours Cityscape Qatar exhibition
His Excellency Sheikh Hamad bin Jassim bin Jabor Al Thani, Prime Minister and Foreign Minister visited Cityscape Qatar 2013 on Tuesday, where he was greeted by Mr. Eissa Al Mohanadi, the President of the General Authority for Tourism.H.E. Sheikh Hamad bin Jassim bin Jabor Al Thani attended exhibitors’ stands and was briefed on a number of real estate developments in Doha and around...

Mall of Qatar officially launches at Cityscape Qatar

Mall of Qatar officially launches at Cityscape Qatar
The Mall of Qatar (MOQ) officially hosted media and members of the public at their Cityscape exhibition stand on Monday where they unveiled their interactive model and the video fly through for the very first time. The three-day long event, taking place at the Doha Exhibition Centre in Qatar, was the perfect platform for the MOQ to explain the project to potential customers, retail...

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