QR20bn Simaisma project ‘is a new chapter in success story of Qatar’
Huge job and investment opportunities expected; project on an area of 8m square meters will become a stunning cultural and tourist landmark
Published: 29 June 2024
Qatar News Agency
Doha
The QR 20bn Simaisma project, which the Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani inaugurated on Thursday, is one of the biggest projects that will blend modernity with cultural heritage and will be keenly looked forward to by the entire country.
The Simaisma project is the latest project of the Ministry of Municipality, and is managed by Qatari Diar Real Estate Investment Company.
With an investment of QR 20bn, it will be built on an area of 8 million square meters.
Minister of Municipality H E Abdullah bin Hamad bin Abdullah Al Attiyah, a number of ministers, dignitaries, experts, and officials of the State of Qatar’s real estate investment and tourism sectors attended the inauguration ceremony.
Upon completion, the project will become a new cultural landmark, adding to the country’s distinctive landmarks and unique tourist destinations, and a 7-kilometer-long extension of the waterfront to the Simaisma area, which is distinguished by its stunning view of the eastern coast of the State of Qatar, providing the people of Qatar and its visitors with a unique tourism and entertainment experience.
The Minister added that the project, upon completion, will be a unique cultural tourist landmark, added to the most prominent landmarks in the State of Qatar.
The Simaisma Project will rely on three main pillars, most notably reducing unskilled labour through the adoption of smart systems and technology in construction, in addition to the use of eco-friendly local materials, as well as the participation of the private sector and attracting foreign investment.
The project will also help in creating new job opportunities, in addition to providing investment opportunities for various sectors, thus contributing to the enrichment and diversification of the national economy.
CEO of Qatari Diar Real Estate Investment Company, Engineer Ali bin Mohammed Al Ali expressed his pride in the trust that the Ministry of Municipality has placed in Qatari Diar to manage the project.
He said the project will set a new benchmark for tourism in the region and will write a new chapter in the ongoing success story of Qatar.
About 650,000 square meters of the project consist of world-class amusement parks.
The project features more than 16 tourist plots for the private sector, including resorts distributed across four unique zones.
Additionally, it will house a massive amusement city, an 18-hole international golf course, residential villas, a yacht marina, and luxurious restaurants and shops.
