CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

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Katara Hospitality launches company worth QR11bn to develop Qetaifan island

Published: 04 Oct 2017 - 07:22 pm | Last Updated: 04 Nov 2021 - 05:16 pm
Qetaifan island

Qetaifan island

The Peninsula

Katara Hospitality, a Doha-based leading global hotel owner, developer and operator, yesterday announced the launch of Qetaifan Projects company, a newly established subsidiary valued at QR11bn, to develop and manage Qetaifan Island North.

The announcement came during a signing ceremony between Katara Hospitality and Atkins, one of the world’s most respected design, engineering and project management consultancies, assigned to design the masterplan, infrastructure and components of Phase 1 of Qetaifan Island North.

The signing ceremony was attended by Sheikh Nawaf bin Jassim bin Jabor Al Thani,  Chairman of Katara Hospitality; Sheikh Nasser bin Abdulrahman Al Thani, Deputy Chairman of Katara Hospitality; Tom Hasker, Managing Director - Property, Middle East & Africa for Atkins; and Lesley Desport, Country Director – Qatar for Atkins.

 

A computer generated image of the aqua park that will be developed as part of Phase I of Qetaifan Island North planned for completion by the first quarter of 2022.. The island will be developed by Qetaifan Projects company.

Qetaifan Islands is a development located off Lusail City in Doha, Qatar comprising of Qetaifan Island North, which will be developed by Qetaifan Projects company, and Qetaifan Island South, developed by Lusail Real Estate Development Company.

Both islands are connected to the Lusail mainland through two iconic hanging bridges.

Sheikh Nawaf said: “The launch of Qetaifan Projects marks a significant milestone in Katara Hospitality’s commitment to invest in the development of Qatar’s Tourism industry and capitilise on its growth potential. Our vision is to change the world of hospitality through investment and innovation to leave an outstanding legacy for future generations, in line with the Qatar National Vision 2030.”

 

Sheikh Nawaf bin Jassim bin Jabor Al Thani (centre), Chairman of Katara Hospitality and  Tom Hasker (second left), Managing Director - Property, Middle East and Africa for Atkins along with other officials at the Qetaifan Projects company launch.

Hamad Abdulla AlMulla, CEO of Katara Hospitality, added: “With the development project of Qetaifan Island North, Katara Hospitality is strengthening its position as a key player of Qatar’s hospitality industry aiming to create a safe and sustainable investment that will carry the name of the State of Qatar.”

Qetaifan Projects will be developing phase one of the project planned for completion by the first quarter of 2022.

Phase one includes an exceptional unique aqua park, a four-star hotel, comprising of 400 rooms, as well as the infrastructure on an estimated area of 350,000 square meters from a total area of 1.4 million square meters. Phase two will include a linear park, mixed-use residential complex, retail plaza, souq and staff accommodation.

Qetaifan Island North is a key element of Lusail City’s expansion project, and is a comprehensive master plan development centered around a state-of-the-art waterpark with leisure attractions, luxurious hotels, unrivalled accommodation and world-class facilities.