Monday, 26 August 2019 02:51 GMT
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QNB named Qatar's Best Bank for Asia by Asiamoney magazine




(MENAFN - The Peninsula) The Peninsula

DOHA: Tenders for the implementation of 26 Al Furjan Markets are to be announced by the second quarters of this year. The upcoming markets, which are currently at the design state, are to be developed at several strategically selected areas of the country.

The markets, being developed by Qatar Development Bank in collaboration with several other state agencies, are considered to be one of the leading strategic projects that are targeting the consolidation of the private sector, participating in pushing economic growth forward in line with the Qatar National Vision 2030 to create a diverse permanent economic environment.

QDB is currently in the process of finalising the construction permits and approvals of the proposed commercial real estate properties. The proposed 26 markets will be located in Umm Lekhba, Al Gharaffa, Izghawa, Bani Hajer, Luaib / Al Muhajirah, Al Aziziya, Muaither north, Bu Sidra, AinKhalid (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.

The date of the tenders for the implementation of the upcoming markets was revealed yesterday in a press statement issued to announce the beginning of construction works for phase two of the neighborhood markets, which will see construction of six markets that will include 78 shops and are expected to be completed within 12 months.

Abdulaziz bin Nasser Al Khalifa, Chief Executive Officer of QDB, said: 'The beginning of construction works for the phase two of Al Furjan Markets will further benefit citizens and will support the growth and competitiveness of the business sector in the state. It comes as a fruit of cooperation between the Ministry of Municipality and Environment, the project's engineering office and QDB. This initiative is a basic solution to the provision of basic needs for goods and services that are used on almost daily basis by individuals and families.

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QNB named Qatar's Best Bank for Asia by Asiamoney magazine

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