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QNA
Doha
Qatari Diar Real Estate Investment Company (Qatari Diar) has completed more than 80 percent of the infrastructure projects for the Lusail City, its CEO Nabeel Mohammed al Buenain has said.
In an interview with Lusail newspaper, Buainain said QR40 billion is estimated to be spent on developing infrastructure, services and other facilities in Lusail City.
He said the Lusail City is designed to accommodate 450,000 people, including 250,000 residents, 190,000 office workers and about 60,000 employees in retail stores.
The company is currently focusing on the provision of services such as petrol stations and health centers and completing private schools, he added.
Lusail, he said, will see the opening of a mall next year as part of the city's plans to build three commercial malls.
Many residents have already started moving to the city and its population is expected to increase once the infrastructure and facilities are completed, Buainain added.
He said a majority of government institutions have land in the city which they will develop to move their offices to Lusail City in the near future.
Several ministries are ready to construct their offfices there, Buainain said, adding that the main stadium of the World Cup will be in Lusail and the company has coordinated with the Supreme Committee for Delivery and Legacy to complete the infrastructure.
Qatari Diar also supports the needs of the World Cup projects such as roads, malls and shops to attract tourists and the World Cup fans.
Regarding Qatari Diar's foreign investments, he said the company's investments around the world have reached $40 billion in 22 countries across five continents, and the CityCenterDC in Washington is one of the Qatari Diar's most successful real estate projects as the company has developed an integrated complex comprising residential apartments and commercial spaces and others.
