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.
“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.