Company: Qatari Diar
Qatari born engineer Mohammed bin Ali Al Hedfa is CEO of Qatari Diar, the real estate development arm of sovereign wealth fund Qatar Investment Authority. Most recently, Qatari Diar’s subsidiary Labregah Real Estate Company said it would buy the Barwa City residential project for $2.08bn. This comes as part of its plan to buy $7.2bn worth of assets from the developer, in which it owns a 45% stake.
Al Hedfa is responsible for more than 35 active projects in over 20 countries, with a total investment of more than $60bn. These include a $3bn plan to turn the former Chelsea Barracks in London into luxury homes, the Nile Corniche project in Cairo and the $700mn City Center DC scheme in Washington DC.
Al Hedfa has been CEO since 2010. Prior to that, he was deputy CEO of business development for Qatari Diar and CEO of Lusail Real Estate Development Company. He also held senior positions at Barwa and Qatar Petroleum. Qatari Diar’s Lusail City is the biggest single development in Qatar.