Firms sign $1.6bn JV agreement for Qatar project
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Firms sign $1.6bn JV agreement for Qatar project

Firms sign $1.6bn JV agreement for Qatar project

Al-Futtaim Group, Qatar Islamic Bank, and Kuwait's Aqar Real Estate Investments have entered into a Dhs6bn ($1.6bn) joint venture partnership aimed at constructing an entertainment and retail complex in the Qatari capital. Located on the northern highway linking Doha International Airport with the proposed Bahrain Causeway, the 433,000 sq m project will include a retail centre, an entertainment park and two hotels. Construction will begin in early 2011.

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