The Undersecretary of the Ministry of Trade and Industry, HE Sultan bin Rashid Al Khater, during his visit to the pavilions of Cityscape Qatar 2022, which opened yesterday at the Doha Exhibition and Convention Center. PIC: Salim Matramkot/The Peninsula
Doha: The 10th edition of Cityscape Qatar which opened yesterday under the patronage of Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani and inaugurated by the Undersecretary of the Ministry of Trade and Industry (MoCI) HE Sultan bin Rashid Al Khater, presents the latest real estate projects in Qatar and the region, and sheds light on the future of the real estate sector in the country after the 2022 FIFA World Cup.
In a statement, the MoCI Undersecretary stressed that the three-day event represents an important platform showcasing the development witnessed by Qatar’s real estate sector, particularly in light of projected positive growth indicators from the national economy and the recovery of real estate markets in the coming period.
He also reiterated the crucial role played by the real estate sector in supporting the diversity and competitiveness of Qatar’s economy, as well as in achieving the goals of the Qatar National Vision 2030.
Al Khater added that Cityscape has become an important attraction for investors looking to diversify their investment portfolios, and went on to express his aspiration for the event to achieve tangible results, further cementing Qatar’s position as a ideal destination for real estate investment in the region.
More than 60 exhibitors from seven countries, including Qatar, Cyprus, Egypt, Pakistan, Turkey, United Arab Emirates and United Kingdom, present their most important development projects during the exhibition at the Doha Exhibition and Convention Center.
Among the projects revealed on opening day was the Qetaifan Island North water park, with the developer announcing the name of the project at the show.
Qetaifan Business Development Manager Nasser bin Abdulaziz Al Thani said, “Over the next three days at Cityscape, we will be launching our Retail Plazas project. Alongside the launches, visitors will have the last chance to purchase the last remaining villa plots for sale before selling our latest projects entirely.”
Cityscape Talks conference sessions highlight sustainable, resilient, affordable and livable real estate projects in line with QNV 2030. Experts at the event also highlighted that the two real estate sectors most affected by the upcoming World Cup of FIFA, Qatar 2022 were the residential and hotel sectors.
“When we talk about the 2022 World Cup, we don’t see it as the end of everything for Qatar. Yes, it was a goal. Qatar used it to achieve a certain level of growth. They developed the infrastructure, they developed the majority of the real estate, and thanks to the World Cup, they will be on the map. That was one of the vehicles. And after the World Cup, there will be another vehicle Either it will be an industrial expansion or some other global event But the fact is that right now Qatar has the means, the opportunity and the ability to prepare for something else And the government has already stated that it is very proactive in supporting the real estate sector,” said Anum Hasan, Head of Research at Qatar ValuStrat.
Also speaking at the conference, Orjan Lundberg, sustainability expert at the Supreme Committee for Delivery and Legacy, said: “We see that the FIFA World Cup has been and still is a catalyst national development on many fronts, including carbon incentives.
“Sustainability has been a central topic for this event right from the planning stage. The feedback we have received so far from FIFA indicates that this is the most comprehensive sustainability program they have had to date. However, we need the support of the broader real estate and hospitality sectors to help us achieve a big national sustainability push,” he added.
Other speakers at the event also discussed the digitalization of Qatar’s real estate sector, with a particular focus on the latest solutions developed by Doha-based Aqarco, as well as sustainable construction and how the market Qatar real estate could come after this year’s FIFA World Cup.
Cityscape Qatar 2022 also features leading developers in the region including Damac, Regal London Properties, Aqarco and Akam Developments. The industry is gearing up for a busy event season in Qatar with new projects offering investors state-of-the-art residential developments, commercial units and luxury hospitality projects.
Aqarco Chairman, Dr. Ahmad Al Khulaifi said, “Cityscape Qatar enables property developers, investors and potential customers to respond to and understand market demands as we approach a busy time for Qatar. “.
Cityscape Qatar is backed by platinum sponsors Qetaifan Projects and Aqarco.