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Tribune News Network
Doha
The occupancy rate in Al Furjan markets has increased to 88 percent this year from just 40 percent in 2015, according to Qatar Development Bank (QDB) Chief Executive Officer Abdul Aziz bin Nasser al Khalifa.
Speaking at the opening of a workshop under the title"Al Furjan Council", the QDB CEO stressed the keenness of the bank's management to assess all the challenges faced by the market operators and find solutions to ensure the success of these markets.
"Al Furjan markets are a strategic project that touches the lives of people. This important initiative will enable entrepreneurs and young people to start their projects, contribute to the economic development of the country and create a sustainable economic environment," he said.
Abdulrahman al Suwaidi, Director of Facilities Management of QDB, said the first phase of Al Furjan markets in 2015 faced some challenges and the bank developed solutions to these challenges. The most important of these are allowing early exit, allocating vacant stores, allowing business change, and other methods.
He said the bank has modified the entrances and exits of four markets and is coordinating with the ministry to change 15 other markets.
The second phase of the Al Furjan markets will witness the establishment of six markets with 78 stores.
Two markets will be located in Muaither south (16 shops), one each in Jerian Jenihat (21 shops), Umm Qarn (16 shops), Kharaitiyat (7 shops) and Al Khor (10 shops).
While the six markets are expected to be completed within 12 months, the remaining 26 are in the design stage, he said.
The proposed 26 markets will be located in Umm Lekhba, Al Gharaffa, Izghawa, Bani Hajer, Luaib/Al Muhajirah, Al Aziziya, Muaither North, Bu Sidra, Ain Khalid (2 lands), Umm Al Saneem (3 lands), Al Sakhama, Saina Al Humaidi, Al Thakhira, Madinat Al Kaaban, Madinat ash Shamal, Rawdat Rashed, Al Karaana, Al Wakra, Al Utouriya, Lkhreeb, Al ghwairyya, Al Rayyan Al Jadeed, Aba Al Hiran and Ain Sinan.
Eng Yousef al Ghazal, director of engineering at QDB, said the bank has selected 33 plots of land in different area as a first step in the second phase of the Al Furjan markets project. The tender for the construction works was awarded on six plots of land.
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19/07/2018
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