KATARA HOSPITALITY ANNOUNCES THE LAUNCH OF QETAIFAN PROJECTS
05 October 2017
-A new subsidiary of Katara Hospitality to develop Qetaifan Island North project-
Doha, Qatar, October 4, 2017 – Katara Hospitality, a leading global hotel owner, developer and operator, based in Qatar, announced the launch of Qetaifan Projects company, a newly established subsidiary valued at QAR 11 billion, to develop and manage Qetaifan Island North.
The announcement came during a signing ceremony between Katara Hospitality and Atkins, one of the world’s most respected design, engineering and project management consultancies, assigned to design the masterplan, infrastructure and components of Phase 1 of Qetaifan Island North.
The signing ceremony was attended by His Excellency Sheikh Nawaf bin Jassim bin Jabor Al-Thani, Chairman of Katara Hospitality; His Excellency Sheikh Nasser bin Abdulrahman Al-Thani, Deputy Chairman of Katara Hospitality; Mr. Tom Hasker, Managing Director – Property, Middle East & Africa for Atkins and Ms. Lesley Desport, Country Director – Qatar for Atkins.
Qetaifan Islands is a development located off Lusail City in Doha, Qatar comprising of Qetaifan Island North, which will be developed by Qetaifan Projects company, and Qetaifan Island South, developed by Lusail Real Estate Development Company. Both islands are connected to the Lusail mainland through two iconic hanging bridges.
On this occasion, Sheikh Nawaf bin Jassim bin Jabor Al-Thani, Chairman of Katara Hospitality said: “The launch of Qetaifan Projects marks a significant milestone in Katara Hospitality’s commitment to invest in the development of Qatar’s Tourism industry and capitilise on its growth potential. Our vision is to change the world of hospitality through investment and innovation to leave an outstanding legacy for future generations, in line with the Qatar National Vision 2030.”
Chief Executive Officer of Katara Hospitality commented: “With the development project of Qetaifan Island North, Katara Hospitality is strengthening its position as a key player of Qatar’s hospitality industry aiming to create a safe and sustainable investment that will carry the name of the State of Qatar.”
Qetaifan Projects will be developing phase one of the project planned for completion by the first quarter of 2022. Phase one includes an exceptional unique aqua park, a four-star hotel, comprising of 400 rooms, as well as the infrastructure on an estimated area of 350,000 square meters from a total area of 1.4 million square meters. Phase two will include a linear park, mixed-use residential complex, retail plaza, souq and staff accommodation.
Qetaifan Island North is a key element of Lusail City’s expansion project, and is a comprehensive master plan development centered around a state-of-the-art waterpark with leisure attractions, luxurious hotels, unrivalled accommodation and world class facilities.
