The Prime Minister and Minister of Foreign Affairs, HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani inaugurated the Simaisma project, a new development managed by Qatari Diar Real Estate Investment Company with a QR 20 billion investment. The project, covering 8 million square meters, is set to become a new cultural landmark and tourist destination in Qatar. The inauguration ceremony was attended by various dignitaries and officials of Qatar’s real estate and tourism sectors.
During the ceremony, HE Minister of Municipality Abdullah bin Hamad bin Abdullah Al Attiyah highlighted the importance of collaboration between public and private sectors to achieve Qatar’s National Vision 2030. The Ministry of Municipality aims to contribute to the country’s growth economically, socially, and environmentally by enriching the tourism and entertainment sector with new projects to meet the increasing demand.
The Simaisma Project, part of Qatar’s development process, is a testament to the country’s commitment to excellence and comprehensive growth. The project, with a planned investment of QR 20 billion, aims to attract foreign investment, create new job opportunities, and diversify the national economy. By utilizing smart systems, eco-friendly materials, and private sector participation, the project is set to be a unique tourist destination.
Qatari Diar Real Estate Investment Company, tasked with overseeing the project, sees it as a significant opportunity to enhance Qatar’s tourism sector. With a market value estimated at USD 485 billion by 2024, the real estate sector in Qatar is attracting foreign direct investments and driving steady growth. The Simaisma Project, covering 8 million square meters, will feature amusement parks, resorts, a golf course, residential villas, and more, creating a new benchmark for tourism in the region.
Sustainability is a key focus of the project, with the use of smart systems, local materials, and advanced construction technologies. The project aligns with Qatar’s National Development Strategy 2024-2030, aimed at increasing the non-oil sector’s contribution to the economy, empowering the private sector, and attracting foreign investments. Qatari Diar’s extensive portfolio includes projects around the world, contributing to sustainable development and growth in Qatar’s real estate sector.
Through its commitment to quality, sustainability, and innovation, Qatari Diar aims to establish itself as a trusted and efficient real estate investment company. The company’s projects, such as Lusail City and the Doha Exhibition and Convention Center, have played a significant role in supporting Qatar’s development and enhancing the real estate sector. With a vision to harness energy and capabilities for sustainable development, Qatari Diar continues to provide investment opportunities for local and foreign developers in various projects worldwide.
