Qatar Real Estate News
Qatari Diar launches new subsidiary for Lusail project
A new subsidiary has been launched by Qatari Diar Real Estate Investment Company, dedicated to the construction, development and ongoing operations of its flagship Lusail project.
The Lusail Real Estate Development Company will be operated separately from Qatari Diar, and its Chief Executive Officer will report to the group CEO, Ghanim bin Saad al-Saad.
Due to the incredible international growth of Qatari Diar, the Board of Directors has decided to facilitate the ongoing success of Lusail, and hence a new company has been formed, said al-Saad.
The Lusail development project, which spreads over an area of 35square kilometers will surround not only new commercial, residential and retail opportunities, but also offer a complete range of community needs for about 200,000 people, with hospitals, entertainment, gathering centers and schools.
Posted on 30/9/2008