Energy City Qatar have announced phenomenal pre-sales and sales of more than 3.5 Billion QR ($960 million USD), only weeks after releasing 92 plots of commercial land for sale to investors & developers and signing a 700 million QR agreement with Qatar Real Estate Investment Company.
Energy City Qatar, which will cover an area of approximately 1.2 million square meters, is a realized futuristic vision, synergistic with the Qatar government’s drive to create a comprehensive home for the Gulf’s and world energy industry and those who work in it. The ideal location satisfies the twin necessities of easy access to the energy industry as well as on hand residential, entertainment and lifestyle facilities. Energy City Qatar is located within the prestigious Lusail development project, a new city that will be home to more than 200,000 residents.
Commenting on the news, Energy City CEO Hesham Al Emadi was delighted with the sales figures: “Investors realize Qatar’s potential and understand the benefits that Energy City Qatar has to offer, as it will bring together local and international oil and gas companies, service industry, infrastructure and other companies to interact, compete and cooperate at commercial and technical levels.”
With over 82% of the project already sold Mr Al Emadi added “after witnessing the success of our sales only a short period after launch, I am confident that Energy City Qatar will be a huge success and on a par with locations that are synonymous with the energy industry such as Houston, Calgary, Aberdeen, and Singapore, and serve proudly the region with the richest hydrocarbon reserves of all: the Middle East.”
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