Dohaland, the state-owned company redeveloping part of Qatar’s capital, plans to raise as much as 9 billion riyals ($2.5 billion) by the end of 2013 to complete the project, its chief executive officer said.
The 20 billion-riyal Musheireb project includes the construction of four government buildings in one of the oldest parts of Doha as well as shops, a hospital and a heritage center. It will be built in six phases, with the first completed in 2012 and the last in 2016.
“We are looking at providing our own financing” after the first two phases are finished, CEO Issa Al Mohannadi said in an interview. “There are many options we are considering now and it could be a combination of a number of things,” such as bonds or loans, he said.
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