Login

About Asian Telegraph Qatar

Asian Telegraph Qatar, led by veteran journalist Ashraf Siddiqui, is a trusted news platform focused on Qatar’s contributions to global peace, economic growth, education, and youth development. 

Featuring insights from international journalists, it covers local and global events in business, culture, sports, and more, offering readers balanced perspectives on both Qatar and world affairs.

Contact Details

  • PO Box: 20927, Doha City Qatar
  • Tel: +974 33279600
  • Fax: +974 44372909
  • info@asiantelegraphqatar.com
  • www.asiantelegraphqatar.com

Qatar: State of the Art New Island City Set To Launch by End of April

By
M Ashraf Siddiqui
21/03/2018
in

Doha                                                                                                                                                                                                    21 March 2018

A QR 3.0 billion cost of new Island city, spread over an area of 300,000 square meters, adjacent to The Pearl Qatar  is expected to launch by end of next month (April) and to be completed by 2021 end.

Turki bin Mohammed AlKhater, Chairman , United Development Company (UDC) announced today  at company's Ordinary and Extraordinary General Assembly meeting that UDC was set to develop a new island city near The Pearl Qatar. He told that QR 2.5 billion from allocated amount of QR 5.5 billion for it's five year (2018-2022) expenditure plan to develop major new projects will be spent on the new island.

Later, at the end of the General Assembly meeting, Ibrahim Jassim Al Othman, UDC President and CEO told that QR 500,000 from QR 3.0 billion cost of the new city will be met from investors, both local and abroad. On a question on funding from banks, AlOthman said that local banks are very much in position to support to the project.

On a question by asiantelegraphqatar.com, AlOthman told that name of the new city will be announced on it's launching day, i.e., by end of April. UDC President and CEO told while talking to media that the new island will  have some thing unique and different architectural design. there will be beachfront and waterfront villas of different categories and independent islets, a green park, an aquarium-style water park, an air-conditioned outdoor boardwalk,  etc.

AlOthman told that design work of the new island city is in progress and project will start in July this year.  On a question, he said that island will have a capacity to accommodate around 6,000 inhabitants.

On the on-going projects on The Pearl Qatar City, AlOthman said that key developments include Al Mutahidah Towers, Giardino Village and Floresta Gardens. On a question, he said that work to build int'l  school and hospital on Pearl Qatar is also expected to start this year.

 

Disclaimer: Asian Telegraph Qatar do not accept any responsibility for any comment posted on our website. Any comment does not necessarily represent the views of the Asian Telegraph Qatar, unless where specifically stated otherwise. We reserve the right to unpublish, or delete parts or the entirety of any comments that deemed to be non-conducive to the discussion.

© 2024 Asian Telegraph. All Rights Reserved
Powered by PWS
envelopeearthmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram