QATARI DIAR TO BE­GIN WORK ON TU­NISIAN RE­SORT

Qatari Diar, the state-owned real es­tate company, has started se­lect­ing con­sul­tants and en­gi­neers for Tozeur Desert Re­sort in Tu­nisia.

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“If the cost of real es­tate keeps in­creas­ing, there will also be an in­crease in the cost of con­tract­ing, cost of rent, and high prices in res­i­den­tial and com­mer­cial real es­tate prop­er­ties. How­ever, Qatar is ready to counter the phe­nom­e­non, as the gov­ern­ment will try to main­tain in­fla­tion costs that are con­gru­ent with a real es­tate boom.” YOUSUF MO­HAMED AL JAIDA Deputy CEO Qatar Fi­nan­cial Cen­tre

Qatari Diar CEO Khaled Mo­hammed Al Sayed said that work on the Tozeur Re­sort in Tu­nis will be­gin soon and Tu­nisian au­thor­i­ties were be­ing con­sulted about pre­par­ing to start work on the project, which is in the south­west of the coun­try.

“Our tech­ni­cal team is cur­rently co­or­di­nat­ing with lo­cal au­thor­i­ties to pre­pare for launch­ing field work for the project. Our company is also se­lect­ing lo­cal and in­ter­na­tional en­gi­neers and con­sul­tants for var­i­ous stages of the project, in­clud­ing plan­ning and con­struc­tion,” he told a lo­cal ver­nac­u­lar daily.

Sched­uled to open in 2015, the $80 mil­lion (QR291.2 mil­lion) re­sort will in­clude 60 lux­ury suites, high-end health and spa com­po­nents, re­tail out­lets and restau­rants, state-of-the-art con­fer­ence and business fa­cil­i­ties, as well as an am­phithe­atre and other sports fa­cil­i­ties.

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