By Andy Sambidge
Qatar real estate giant behind Diar Dushanbe mixed-use scheme; set for 2014 completion
A Qatar real estate giant is inviting design tenders for phases two and three of a major mixed-use development in the Central Asian republic of Tajikistan.
The phases will include residential and commercial buildings with extensive retail and office space, Qatari Diar Real Estate Investment Company said in a statement.
It added that it has opened a visitor centre and headquarters for the flagship Diar Dushanbe project as part of phase one.
The project, which is expected to be completed in 2014, will include five luxury residential buildings, a five-star hotel, and three commercial buildings with extensive retail and office space.
The development will also provide sports and leisure facilities, a shopping centre, and a waterfront promenade surrounded by green spaces and landscaped gardens.
Mohammed Bin Ali Al-Hedfa, group CEO of Qatari Diar, said: "Tajikistan is in an ideal geographical location, and provides the right climate to attract regional and international business and tourism investors.
"We are working tirelessly to create a fully-integrated modern living environment through Diar Dushanbe that will be a model for development in Central Asia."
Diar Dushanbe will create an integrated community development on the waterfront of the Gissar Canal, overlooking the Kuli Javonon Lake.
In addition to delivering residential units, Diar Dushanbe will create a business centre and retail space in the heart of the Tajik capital.
The project will provide 1,500 job opportunities during its construction and 400 opportunities when the hotel, restaurants and other social amenities open.
Al-Hedfa added: "We are proud that this unique project will form a central part of Qatari Diar's growing portfolio of ambitious developments across the world.
"The project will give an additional push to the Tajiki economy through job opportunities created across a variety of sectors."
Boasting Tajikistan's first indoor ice-skating rink, Qatari Diar said the project is set to become an "ultimate leisure destination in Tajikistan and neighbouring countries".
It is the first real estate development in Tajikistan to allow foreign ownership of units.
The visitor centre and headquarters form part of phase one of Diar Dushanbe, which also features a residential tower comprising 67 units, an administrative building and a central piazza.
Five local contractors have been involved in site preparation, earthworks, utilities replacement, site fencing, and construction, after a landmark bilateral agreement in August 2011 between Qatari Diar and the Tajiki government paved the way for the start of the project initiation.
The Diar Dushanbe project is being overseen by Qatari Diar - Tajikistan, a limited local company wholly-owned by Qatari Diar.