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Mon 5 Dec 2011 06:26 PM

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Qatari Diar completes first phase of $400m Sudan project

Qatar real estate giant says it has delivered first of eight residential towers in Khartoum

Qatari Diar completes first phase of $400m Sudan project
Qatari Diar has eight towers under construction in Khartoum (image for illustrative purposes only)

Qatari Diar Real Estate Investment Company said on Monday it has delivered the first of eight high-end residential towers in its $400m project in the heart of downtown Khartoum, Sudan.

The completion of the first phase comes as the Qatar firm launched its first sales centre for the project.

Mohamed bin Ali Al-Hadfa, Group CEO of Qatari Diar, said: "Qatari Diar is committed to providing sustainable real estate projects in Sudan.

"We are keen to support infrastructure development efforts in the country...through various investments in residential, business and tourism sectors.

"We look forward to continuing work on our current project while pursuing new investment opportunities throughout the country."

The first residential tower in Mushaireb, named Al Bidaa building, consists of 49 units.

The redevelopment of the corniche area next to Al Bidaa building is expected to be completed by the end of the year, Qatari Diar added in a statement.

"The opening of our first tower marks an important step in putting Mushaireb on the map of remarkable projects in the area," said Hamad Al Marri, project management office director-Africa for Qatari Diar.

Mushaireb includes a five-star hotel, eight residential towers and a dedicated retail boulevard, in addition to future investment opportunities to develop commercial and residential towers.

Mushaireb stretches over 206,000 sq m at the convergence of the Blue and White Nile rivers.

A total of 483 residential units and around 6,000sqm of retail space will be available at the development, which expects to welcome around 20,000 residents and visitors upon completion.

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