In partnership with Qetaifan Projects, the real estate developer for Qetaifan Island North, JMJ Properties Group signed a memorandum of understanding (MOU) with Zaha Hadid Architects, the firm founded by the globally renowned, late architect Zaha Hadid.
The agreement was announced during Cityscape Qatar 2023 at the Doha Exhibition and Convention Center (DECC), signed by JMJ Properties Group Chairman of the Board of Directors Sheikh Jabor bin Mansour Al Thani and Zaha Hadid Architects Director Gianluca Racana.
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The signing ceremony was held in the presence of Qetaifan Projects Chairman of the Board of Directors and Managing Director HE Sheikh Nasser bin Abdulrahman Al Thani, Chief Operating Officer Hesham Sharaf, Chief Legal Officer Jean Antonios and Head of Business Development Sheikh Nasser bin Abdulaziz Al Thani.
JMJ Holding Group President Engineer Nasser Al Ansari also witnessed the signing, amidst a number of local and international media.
Under the agreement, Zaha Hadid Architects will design multi-use buildings for seven medium-rise plots of land overlooking the southern waterfront of Qetaifan Island North. Construction for the buildings, which will boast a stunning view of the beaches of Lusail City, will be led by JMJ Properties as the development partner. The project will cover a land area that spans approximately 40,000 sqm, with an investment value of at least QAR986 million.
Growth vision for Qetaifan Island North
Speaking on the significance of the MOU, HE Sheikh Nasser bin Abdul Rahman Al Thani said that their cooperation with local and international companies, be it in the private or public sector, is a pivotal part of their growth vision and strategy for Qetaifan Island North. He said it is a vital component of the success foundations they have laid at Qetaifan Projects, with customer centricity at the heart of their mission and at the service of residents, visitors and tourists alike.
HE Al Thani said that it is a ‘growth philosophy’ aligned with Qatar National Vision 2030, which seeks to provide a global model – and world-class benchmarks – for sustainable development.
Economic balance and diversification, chiefly in real estate development and tourism, are central to this vision, according to him. They ensure equal opportunity for all and can only be achieved through the collective efforts of private and public institutions in the State of Qatar.
He said that the influx of foreign and local capital in the Qetaifan Island North development project is a testament to global investor confidence in Qatar’s growth environment.
JMJ Holding Group Board of Directors Chairman Sheikh Jabor bin Mansour Al Thani, meanwhile, said that their partnership with Qetaifan Projects and investment in Qetaifan Island North is an important step in enabling the diversification of the Qatari real estate market towards sustainable avenues and at the service of all other engines of economic growth.
Qetaifan Projects CEO Hisham Sharaf said that agreements such as these, help elevate the real estate market through high-quality, sustainable designs and innovative architectural solutions. Beyond their business potential, he said that they present investors with a fresh perspective on architectural and design thinking.
United front
Sheikh Nasser bin Abdulaziz Al Thani also shared his enthusiasm for the agreement. He said that the MOU resonates with their vision for the Qetaifan Island North project and aligns with the country’s economic growth trajectory, reflecting Qatar’s favourable investment climate in attracting power partners from around the world.
We are committed to collaborating with all stakeholders in making this partnership a success – and by extension, in achieving the vision we have outlined for Qetaifan Island North. Across all levels, we are working as a united front.
Engineer Nasser Al-Ansari, also expressed how thrilled they are to be joining forces with Qetaifan. He said they are confident that this development will set the standard and earn its place among the leading and most dynamic lifestyle and tourism destinations in the Middle East.
Signing on behalf of Zaha Hadid Architects, Director Gianluca Racana shared that their design aims to cultivate a strong sense of community, effectively connecting the residential and urban environments.
With this undertaking, he said that their collective strengths in design and vision come together to create a unique, luxury living experience that is born out of sensitivity towards the planet and embraces a new era of technological innovation.
For more information about developments on Qetaifan Island North, visit qetaifanprojects.com.
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