Qatar Real Estate News
Doha Festival City Phase One construction to begin next month
The construction of state-of-the-art Doha Festival City worth QR6bn will begin next month. Located 15kms north of Doha on the Al Shamal Road, the 433,847sqm entertainment, retail, hospitality and commercial facility, will complete its Phase 1 by second half of 2012, while the Phase II will be ready by 2014.
The Qatar Islamic Bank (QIB) and Al Futtaim, yesterday announced that the appointment of project managers, engineers and architects will begin next month. Designed by DP Architects, and the Arab Engineering Bureau (AEB) are the Project Architects, and MACE International are the Project Managers, while the Al Futtaim Investment Management (AFIM) is the Investment Manager.
Being the first of its kind in the country, the construction of the Phase One of this project will begin by the ground breaking ceremony for the Swedish furnishing giant IKEA in April.
Apart from IKEA, ACE, Marks and Spencer, Toys “R” Us, and Intersport have confirmed as anchor tenants of Doha Festival City. Moreover, the Landmark Group brands including Max Fashion, Centrepoint, Fitness First, Sports Authority, Home Center and Iconic have all joined the retail mix.
Even the 153 year old department store, Robinson’s, a vital piece of Singapore’s history, will also be part of the Doha Festival City. Further, a fully serviced shopping center, an indoor and outdoor entertainment part, two international hotels and an automotive zone are also planned.
Every individual area will be separated by its own uniquely identified space within the complex, so that the guests can easily be transported from the retail area offering diverse international brands, to the world of roller coasters and water slides.
Posted on 29/3/2011