(MENAFN- The Peninsula) Joel Johnson |
The Peninsula
Doha, Qatar: In partnership with Qetaifan Projects, the Real estate developer for Qetaifan Island North, JMJ Holding Group signed a memorandum of understanding (MoU) with Zaha Hadid Architects, yesterday during the Cityscape event at DECC. The memorandum was signed by the Chairman of the JMJ Properties Group sheikh Jabor bin Mansour Al Thani and Director at Zaha Hadid Architects Gianluca Racana.
Speaking to The Peninsula on the sidelines of the event, Eng. Nasser Al Ansari, JMJ Group Holding Chairman said:“This unique project is something that will reflect through a very high standard of design by employing one of the top international consultants adding that it will be economically and socially sustainable.
Having signed this important partnership, Zaha Hadid Architects aims to design multi-use buildings for seven medium-rise plots of land overlooking the southern waterfront of Qetaifan Island North. The project also consists of construction for the buildings, with a stunning view of the beaches of Qatar's iconic Lusail City.
The project will be led by JMJ Properties as the development partner and is estimated to cover a land area that spans close to 40,000 square meters, with an investment value of up to QR986m.
Commenting on the significance of the MoU, Sheikh Nasser bin Abdul Rahman Al Thani, Chairman of the Board of Directors and Managing Director of Qetaifan Projects, said:“Be it in the private or public sector, our cooperation with local and international companies is a pivotal part of our growth vision and strategy for Qetaifan Island North. It is also a vital component of the success foundations we have laid at Qetaifan Projects, with customer centricity at the heart of our mission and the service of residents, visitors, and tourists alike. It is a growth philosophy that we have aligned with the Qatar Vision 2030, which seeks to provide a global model – and world-class benchmarks to boot for sustainable development towards the welfare of future generations.
Economic balance and diversification, chiefly in real estate development and tourism, are central to this vision. They ensure equal opportunity for all and can only be achieved through the collective efforts of private and public institutions in the State of Qatar.”
“The influx of foreign and local capital in the Qetaifan Island North development project is a testament to not only the solidity of our vision but equally, to global investor confidence in Qatar's growth environment. With scale comes great responsibility, and we are determined to reach new heights, secure more investment, and cross more milestones in our journey,” he added.
Sheikh Jabor bin Mansour Al Thani, Chairman of the Board of Directors at JMJ Holding Group, said:“The Qatar Vision 2030 has charted long-term pathways for economic development that require a great deal of collaboration and synergy between all stakeholders. Our partnership with Qetaifan Projects and investment in Qetaifan Island North is an important step in this direction, enabling the diversification of the Qatari real estate market towards sustainable avenues and at the service of all other engines of economic growth.”
He further added,“The signing of this MOU with an international architectural design company such as Zaha Hadid Architects is an opportunity to transcend our vision beyond the conventional and unlock innovation in reimagining Qatar's urban design and modern real estate landscape.”
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