Pearl-Qatar island project to boost economy
The facilities on offer for potential investors at the Pearl-Qatar island project off the Doha coast have been highlighted at the recent MEED Conference on ‘Major New Project Opportunities in Qatar’.
Addressing the conference at the InterContinental Hotel, Nick Bashkiroff, development director for $2.5bn project, said The Pearl-Qatar not only provides investors an opportunity to enter the country’s growing international real estate market but will also bring socio-economic gains for the emairate.
According to the Gulf Times, the island will be created over 30km of new coastline and will have a minimum of 30,000 residents in an upscale, multi-cultural residential community.
According to Bashkiroff, the economy will be boosted through spending by the 22,000-strong labour force and local material purchases during the construction of the island, due for completion in 2009.