The developer behind one of Qatar's flagship construction projects is considering seeking financing next year for part of the US$5.5 billion (Dh20.2bn) development.
Msheireb Properties, a unit of the Qatar Foundation for Education, Science and Community, is redeveloping a 31-hectare site in the downtown area of Doha and will seek new funding to complete the project, which is designed around green and sustainable concepts.
"So far, cash is not an issue for us," said Issa Al Mohannadi, the chief executive of Msheireb Properties. "But to be a sustainable developer, we are gearing up toward 2013 to be ready for any scenario.
No comments:
Post a Comment