Msheireb Properties awards Obayashi Corporation and HBK Contracting QR2.5billion construction contract for Phase 3 of Msheireb Downtown Doha

Press release
Published May 20th, 2013 - 05:39 GMT
General- Phase 3
General- Phase 3

Msheireb Properties, Qatar’s leading sustainable real estate developer, has awarded a consortium comprising Obayashi Corporation and HBK Contracting the QR 2.5billion construction contract for the penultimate stage, Phase 3, of its flagship project, Msheireb Downtown Doha.

The awarding of the construction contract for Phase 3 marks a key milestone in the development of Msheireb Downtown Doha. The construction of Phase 3 is expected to start later on this month.

“Awarding the construction contract for Phase 3 symbolises our commitment to the implementation of this project and is testament to the swift progress we are making in its construction,” said Abdulla Hassan Al–Mehshadi,Chief Executive Officer at Msheireb Properties.

“Joining a local company with an international contractor in a joint venture like this helps Qatari companies to further enhance their skills and capabilities and encourages the transfer of knowledge and expertise,” Al–Mehshadi added.

Mr. Kotaro Nonaka, Executive Officer of Obayashi Corporation, speaking on behalf of Obayashi-HBK joint venture said: “We are honoured to be appointed as contractors for this crucial part of the development and to be part of the Msheireb Downtown Doha construction team. We look forward to working closely with Msheireb Properties and we thank them for giving us this exciting opportunity to be involved in the development of this world-class regeneration project.”

Phase 3 involves the construction of a built-up area of approximately 310,000 square meters comprising 14 buildings that are up to 22 storeys in height as well as 4 basement levels offering 2,200 parking spaces.

Phase 3 will comprisetwo office buildings, 350 residential units spread across 11 buildings, four communal swimming pools in addition to a mosque, retail, hotel, hospitality and community facilities. The 20,000 square-metre retail offering will comprise 84 units, a 187-key hotel will also be built on an area of 30,500 square metres.

Described as the world’s first sustainable regeneration of a downtown area in a modern city, the project combines traditional local building practices and design influences with the latest technologies in energy efficiency and environmental management.Msheireb Downtown Doha broke ground in early 2010 and its development will be completed in four phases,Phases 1A, 1B, 1C and Phase 2 have been already awarded with construction progressing as per schedule.

Sustainability is central to the Msheireb Downtown Doha project, in terms of both the conservation of natural resources and the quality of its design.  The entire project features sustainable design that consumes fewer resources, generates less waste, costs less to operate, and achieves a reduced carbon footprint.

Background Information

Msheireb Properties

Msheireb Properties is a real estate development company and a subsidiary of Qatar Foundation. The company was established as a commercial venture to support the foundation’s aims, as well as the goals of Qatar’s 2030 Vision.

Msheireb Properties’ mission is to change the way people think about urban living and to improve their overall quality of life, through innovations that encourage social interaction, respect for culture, and greater care for the environment

Check out our PR service

Signal PressWire is the world’s largest independent Middle East PR distribution service.


Sign up to our newsletter for exclusive updates and enhanced content