Engel & Voelkers expands to Qatar

The expansion will invigorate Engel & Voelkers's regional growth and further boost business leads and revenue for the company.

Located 100 miles into the Persian Gulf from Saudi Arabia, Qatar's national income primarily derives from oil and natural gas exports. The place's wealth and standard of living compare well with those of Western European states that it has one of the highest GDP per capita in the Arab World.

Following the success of the Asian Games, Doha, the capital of Qatar, kicked off its official bid to host the 2016 Summer Olympics in October of 2007. Qatar also plans to build an 'entertainment city' in the future. The place is aiming to become a role model for economic and social transformation in the region. Large scale investment in all social and economic sectors will also lead to the development of a strong financial market.

'This is a strategic expansion of Engel & Voelkers into the Middle East. Engel & Voelkers is one of the biggest European Real Estate Company, and its professionalism and European style are increasingly recognized by the Middle East market. The partnership of Ali Sayid Taimour and Faisal Al Mana as our License Partners in Qatar will address the booming economy of the region,' said Engel & Voelkers Head Office Middle East Director Sebastian Wels.

Ali Sayid Taimour brings more than 15 years experience in real estate business to Engel & Voelkers. Ali has worked in high management position in Qatar National Bank. His current background as the CEO for Real Estate Services Group and Executive Board Member of Dorat Doha Holding Company, will lead Engel & Voelkers to a new phrase in Qatar.

Faisal Al Mana hails from one of the oldest trading families in Qatar, which specializes in bringing in franchise business. Together with his strong background in construction industry, his new role in Engel & Voelkers will see him bring in more license partners in the region.