Middle East business information

Qatar's largest property developer by market value, Ezdan Real Estate Co has said it aims to sell part of its property portfolio by year-end to a Malaysian-based real estate investment trust to finance new projects, Reuters has reported. 'They will buy the property from us and we will manage it for them with a fixed return,' Ezdan's managing director Hesham el-Sahtary told the news service. 'The plan is to launch it in Malaysia as an international fund and we hope to conclude it this year.'