Al Mourouj: A market leader

by ArabianBusiness.com staff writer Saturday, 04 April 2009

Unlike most economies in the region which are affected by the global economic downturn, Qatar is witnessing a meteoric degree of progress and takes pride in its position as one of the world's fastest-growing economies.

Fully committed to the realisation of the Qatari vision, Al Mourouj Real Estate Investment was launched to make its own contribution as a market leader in the field of real estate.

This contribution is complemented and enhanced by the diversity of Al Mourouj Real Estate Investment's executed projects and real estate services; and further reinforced by the unparalleled levels of professionalism displayed by both technical and administrative staff - a unique combination which is rarely found in similar organisations. CEO Middle East speaks to Hashim Al Sayed, Al Mourouj Vice Chairman, who shares his views on several topics:

Al Mourouj was launched in 2004, and this year 2009 the company changed its identity. What was the reason behind the change of an identity that is relatively new?

Al Mourouj Real Estate Investment has announced its intention to launch a new corporate identity to characterise the company's dynamic path and reflect its vision of becoming an icon within the region's property development and investment industry.

With over $823.9m worth of residential and commercial developments and investments in its current portfolio, Qatar-based Al Mourouj has already spearheaded the development and management of real estate within Qatar.

The company owns real estate and other investments exceeding $329.6m together with a prestigious collection of hotels, a café, travel agency and a garden landscaping company.

The new identity is the result of a complete rebranding exercise and will represent a significant milestone in the company's history; reinforcing its commitment to remain forward-thinking, market-driven, investor-focused and innovative at all times.

The corporate logo has been redesigned to represent the changing face of the company but will retain its essential Qatari identity.

The new design symbolises the harmony between the conventional and contemporary business platforms on which Al Mourouj has built its solid foundation. We start our fifth year in the market with achievements of varied investments in residential and commercial property worth $823.97m. The company also owns other investments worth of $329.6m invested in a cluster of luxurious hotels, modern cafes and travel agencies, in addition to the Hadika Company specialising in farming and gardening.

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