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Sun 4 Oct 2009 11:34 PM

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Multi-billion real estate project set for Doha

Project worth up to QR2.5bn will include construction of 4, 55-storey towers.

A new major real estate project was announced on Sunday in Doha as Qatar General Insurance and Reinsurance Company, Al-Sari Trading Co., and Ezzdan Real Estate signed a memorandum of understanding.The project, set to run for three years, will include the construction of four 55-storey residential towers.

Estimated total cost of the project will be up to QR2.5bn.

Plans include 1,300 medium-large sized units in addition to commercial and entertainment facilities. Luxurious hotel apartments are also planned.