DOHA
Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani on Thursday inaugurated the Simaisma project, which is the latest project of the Ministry of Municipality, and is managed by Qatari Diar Real Estate Investment Company, with QR20 billion investment, on an area of 8 million square metres.
Minister of Municipality HE Abdullah bin Hamad bin Abdullah Al Attiyah; a number of ministers; a number of dignitaries, experts, and officials of the State of Qatar's real estate investment and tourism sectors attended the inauguration ceremony.
Upon completion, the project will become a new cultural landmark, adding to the country's distinctive landmarks and unique tourist destinations, and a 7-kilometer-long extension of the waterfront to the Simaisma area, which is distinguished by its stunning view of the eastern coast of the State of Qatar, providing the people of Qatar and its visitors with a unique tourism and entertainment experience.
In his speech during the ceremony, Minister of Municipality HE Abdullah bin Hamad bin Abdullah Al Attiyah emphasized the importance of concerted efforts and close cooperation between partners in the public and private sectors to enhance and continue the growth process witnessed by the State of Qatar.
He said that the Ministry of Municipality is moving with determination and steadfastness towards achieving the goals of Qatar National Vision 2030 and building a more prosperous and stable future for the next generation economically, socially, and environmentally. He added that the ministry looks forward to enriching the tourism and entertainment sector with more projects that meet the growing demand in this vital sector.
He indicated that the project is considered a new addition to the prominent development process witnessed by Qatar, and is a living embodiment of the rational vision adopted by Qatar's leadership toward excellence and comprehensive development.
He pointed out that Qatar has taken great steps in implementing huge infrastructure projects that realize its national vision to become today one of the most prominent countries thanks to its diverse investments, strengthening its position as a tourist and investment destination.
The Minister of Municipality pointed out that Qatar has witnessed continuous successes and achievements, which are the result of the collaboration of the private and public sectors, which enhances the region's attractiveness for investment and its impact on the local economy and benefits the society. In this context, he added that the Ministry of Municipality plays an essential role in developing, organizing, and planning the real estate sector, where it successfully launched the first phase of the real estate platform for the State of Qatar, which aims to raise the level of transparency and facilitate decision-making through the use of accurate and reliable data. To emphasize the importance of tourism, the State of Qatar has made enormous investments to develop infrastructure and tourist destinations. He said that the Ministry of Municipality hopes this new project will enrich Qatar's tourism and entertainment sectors.
He added that the Ministry of Municipality announces the launch of one of the most important future projects for Qatar, the Simaisma Project, which, upon completion, will be a unique cultural tourist landmark, added to the most prominent landmarks in the State of Qatar within the framework of achieving this vision and the objectives of the third National Development Strategy 2024-2030.
The Simaisma Project will rely on three main pillars, most notably reducing unskilled labor through the adoption of smart systems and technology in construction, in addition to the use of eco-friendly local materials, as well as the participation of the private sector and attracting foreign investment.
He pointed out that the project, in which the volume of investment between the private and public sectors will reach around QR20 billion, and whose development is being overseen by Qatari Diar in cooperation with the private sector, goes beyond being a unique destination for tourism in Qatar and the world, to be one of the new sources of attraction for developers and investors in the country in the fields of tourism, hospitality, and entertainment.
The project will also help, directly and indirectly, in creating new job opportunities, in addition to providing investment opportunities for various sectors, thus contributing to the enrichment and diversification of the national economy.
