QGIRCO to complete real estate project in Algeria by 2018 en...| MENAFN.COM

Monday, 15 August 2022 12:01 GMT

QGIRCO to complete real estate project in Algeria by 2018 end


(MENAFN) Qatar General Insurance and Reinsurance Company (QGIRCO) is reportedly set to finish its real estate project in Algeria by the end of 2018.

Citing QGIRCO group's chairman and managing director Sheikh Nasser bin Ali Al Thani, The Peninsula reported "we are concentrating more in the North African market, particularly in Algeria, where we are having one of the biggest real estate projects in the capital city of Algiers."

The chairman reportedly further explained "it's a mixed used project consisting of 11 buildings, including a hotel (Marriot), office buildings a mall and shopping centres, which are expected to be completed by the last quarter of this year."

He continued "we are expecting the project to be the biggest revenue and profit generator for the group for the coming years."

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