(MENAFN- The Peninsula) QNADushanbe: Qatari Diar signed a preliminary agreement to develop the residence of US Embassy staff in the Tajik capital, Dushanbe, covering 42 residential units.
Under the agreement, Qatari Diar Company is to prepare plans and engineering designs for residential units provided that the development and construction agreement will be concluded later on a lease to own basis, where the US embassy will lease these units for five years and then transfer ownership to them.
From the Qatari side, the signing ceremony was attended by Ambassador of the State of Qatar to the Republic of Tajikistan Ibrahim bin Mohammed Al Abdullah and Qatari Diar's Chief Project Delivery Officer for Asia and Africa Dr. Abdulla Yaqoub Al Sayed. From the US side, the ceremony was attended by US Ambassador to the Republic of Tajikistan John Mark Pommersheim and several members of the US government involved in the project.
The CEO of Qatari Diar, Eng. Abdullah bin Hamad Al Attiyah, said the signing of the agreement is an extension of the success of the Dushanbe project in the Tajik capital. He expressed gratitude for the US to select Qatar Diar and Diar Dushanbe to develop the embassy staff residence, which confirms the comparative advantage of the project and the status of the company as a US accredited partner and constitutes a qualitative addition to the project, which Qatari Diar completed its development and operation of the first phase in 2015.
For his part, US Ambassador said he is delighted to start the first steps of the project. He also said he was excited to work with Qatari Diar, which will provide the embassy staff with international standards and high quality sought by the staff during their stay in the first building of the project and their satisfaction with the services provided.
Several US government representatives also expressed their desire to work with Qatari Diar as a strategic partner in other countries.
Diar Dushanbe is a unique development in Central Asia, situated just 5 kilometers from the Tajikistan International Airport.
Overlooking the tranquil waters of Lake Javonon, Diar Dushanbe comprises of all the essential elements of residential luxury and modernity. Diar Dushanbe is the first mixed-use development built in Tajikistan comprising of 5 residential buildings, 3 office buildings and retail, 65 keys boutique hotel, 80 serviced apartments.
Architecturally, the design of Diar Dushanbe provides a luxurious traditional feel combined with the highest specification in contemporary living. Also, its advanced technological solutions are environment-friendly and promote energy conservation, safety and security systems, including earthquake resistance technology. The development won a five-star accolade at the Asia Pacific Property Awards for being selected as the top mixed-use development project. The prestigious board once again recognized the project in 2014 and presented Diar Dushanbe with the 'Highly-Commended Best Architecture award. Qatari Diar Real Estate Company was established in 2005 by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar.
The company's flagship project, Lusail City, was launched in December 2005 and quickly went on to gain tremendous praise for its innovative approach to real estate. The progressive self-contained city is the largest single development to be undertaken in the State of Qatar and although it is currently under construction, Lusail already signifies Qatar's progress on a grand scale, reflecting the vision and quality that have become synonymous with Qatari Diar. As of January 2018, Qatari Diar has a shared capital of $8 billion, with 60 investment projects under development or held in 24 countries around the world, combining a value of over $35bn.
Today, Qatari Diar has established itself as one of the worlds most trusted and respected real estate companies because of its commitment to quality, local community, partnership, and sustainability.
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