Real estate sector playing pivotal role in supporting Qatari economy: Kuwari

October 18, 2021

The real estate sector is playing a pivotal role in supporting the national economy’s diversity and competitiveness, Minister of Commerce and Industry and Acting Minister of Finance HE Ali bin Ahmed Al Kuwari said on Sunday.
Speaking after inaugurating the ninth edition of Cityscape, the minister said, “Cityscape Qatar 2021 is an important platform to showcase the development being witnessed by the real estate sector in Qatar, especially in light of the projected positive growth indicators of the national economy, and the recovery of real estate markets during the coming period.”
Taking place at the Doha Exhibition and Convention Center (DECC), the three-day exhibition will run until October 19.
After the inauguration, Kuwari toured the exhibition and was briefed on the various participating departments and pavilions, as well as the latest developments, services, and investment opportunities provided by participating companies and entities.
Kuwari expressed his hope that this event would achieve tangible results that would consolidate Qatar’s position as an ideal destination for real estate investment in the region.
Kuwari witnessed the signing of a contract between the Qatar Chamber and Qatari Diar, entailing the purchase of the new building of the Qatar Chamber in Lusail Commercial Boulevard, which is set to become the Chamber’s main headquarters.
The contract was signed by Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani and Qatari Diar CEO Abdullah bin Hamad Al Attiyah.
Cityscape aims to shed light on the most prominent real estate projects across Qatar, as well as provide a platform for communication between residential buyers, investors, and real estate sector specialists in the field of design and construction.
The expo will unveil Qatar’s prominent real estate projects from top Qatari developers.
Speaking on the sidelines of the event, Qetaifan Projects Business Head Sheikh Nasser bin Abdulaziz Al Thani said, “We have seen our projects gain great sales over the recent months in our residential sector. Our island project has had great success with FDI’s and we believe this trend will continue with the additional projects we will launch later this year. We have a range of additional residential projects launching soon also, to meet market demands.”
Throughout the event, visitors can expect diverse discussions from Qatari’s government ministers and global consultants.
During the tour of the exhibition, Kuwari stopped at the Barwa stand to set the foundation stone for the launch of their new residential project ‘Furjan Wadi Lusail’.
Barwa Group Chief Executive Officer Abdullah Jubara Al Rumaihi said; “In our fulfilment of the group’s role as a leading national real estate company, we are showcasing non-traditional projects to the Qatari Market, such as ‘Madinatna’ and ‘Barahat Al Janoub’, through our participation at this year’s edition of Cityscape Qatar.
“The Qatari market is still open for many opportunities, especially in the lead up to the 2022 FIFA World Cup. Changes in trends remained a key focus for companies at the show, with over 30 local and regional exhibitors taking part over the next three days. Developers have taken note of changing demands from buyers both local and international, with new projects offering investors access to luxury developments across a range of price points.”
Talking about the diverse range of projects at this year’s show, Cityscape Group Director Chris Speller said, “Qatar’s developers have responded quickly and effectively to the changing market and investor needs. The wide range of project launching and on display at this year’s show is a testament to that, from luxury waterfront properties to modern commercial developments. We look forward to seeing further launches and initiatives from Qatar’s leading developers over the next three days.”


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