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Al Mazaya to enter Qatar
- Qatar: Saturday, January 19 - 2008 at 12:13
A $137m company, Al Mazaya - Qatar, has been set up to seek opportunities in Qatar's property sector as the country diversifies its economy away from oil and gas, reported Business 24/7. The government is planning to invest $130bn in infrastructure projects in the next five years. Now Al Mazaya Holding - a Kuwaiti property developer listed on its home exchange and the Dubai Financial Market - has established a subsidiary to share in the boom. Al Mazaya-Qatar has been formed with a view to developing mid-range projects and is planning a number of mega-developments tailored to the needs of the market.
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Amena Bakr, Senior ReporterSaturday, January 19 - 2008 at 12:13 UAE local time (GMT+4)
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