Lusail project receives huge response

01/02/2015 05:49 AST

The Lusail Real Estate Development Company (LREDC) has announced the completion of basic infrastructure facilities at the North and Western sides of its “Jabal Thelieb” project. A total of 385 plots have already been handed over to the investors, Essa Mohammed Ali Kaldari, CEO of LREDC said.

The development of roads and the works on utility services like electricity and water services have already been completed.

“There is a huge response from the investors. Some big names in the real estate sector are already involved in the construction works,” Al Sharq reported.

“We are looking for an early completion of the infrastructure works of other areas as well. We will soon announce the completion of these works at other projects too”, the daily quoted LREDC CEO as saying.

According to Essa Mohammed, 33 investors and real estate developers have started construction works at “Jabal Theileb” project. The LREDC will continue handing over remaining plots during the next six months.

The 1.8km long project that covers a total area of 2 million sqm is proposed to launch 9,200 housing units. The designs of the buildings will reflect Qatar’s cultural heritage and the country’s commitment to green and sustainable development.

The Lusail Development covers 19 separate districts with over 4,000 development parcels. It is a real estate construction project for 200,000 residents. The development will feature state-of-the-art mass transit networks, infrastructure services and a range of residential, mixed-use, hospitality, sports, retail and entertainment venues and districts.

With an over-riding sustainability-driven development strategy Lusail is a key part of delivering Qatar’s forward thinking, global vision for a sustainable approach that befits our times.

The Peninsula