The Investment Promotion Agency of Qatar and Knight Frank, the global real estate consulting company, signed a memorandum of understanding to enhance cooperation in attracting foreign investments to the State of Qatar and to introduce international investors to the opportunities available in the real estate sector in Qatar.
The memorandum of understanding was signed by HE Sheikh Ali bin Alwaleed Al Thani, Chief Executive Officer of the Investment Promotion Agency, and James Lewis, General Manager of Knight Frank Middle East, at the Qatar Pavilion held on the sidelines of the International Real Estate Exhibition 2023 in Cannes, France.
The Investment Promotion Agency stated, in a statement today, that this partnership aims to promote the real estate sector in Qatar at the global level and attract foreign investments, as this cooperation is based on the recent opening of its office in Doha by Knight Frank to provide integrated services in the field of residential real estate. And commercial, as well as advisory and administrative services for the benefit of investors from Qatar and abroad.
Under the memorandum, the reforms introduced by the State of Qatar with regard to real estate ownership, the development of sustainable residential projects, and profitable commercial real estate will be highlighted, so that Knight Frank, in turn, will introduce clients and investors around the world to these procedures.
It is scheduled that Knight Frank will cooperate with the Investment Promotion Agency and the concerned authorities in Qatar to provide insights on the trends of the real estate sector in the world, and ways to facilitate the exchange of knowledge between the various entities.
HE Sheikh Ali bin Al Waleed Al Thani stressed that the partnership with Knight Frank provides an opportunity to take advantage of the strengths of both parties, in order to expand access to the real estate market in Qatar from all over the world, expressing the aspiration to work closely with it to support diversification goals. economic development in Qatar, and highlighting Qatar’s position as an attractive destination for foreign investment.
For his part, James Lewis expressed his pleasure in cooperating with the Investment Promotion Agency to present the booming real estate market in Qatar to the company’s global network of clients and investors, pointing out that this cooperation will make it possible to highlight the popular real estate market in Qatar and lucrative investment opportunities to a wider audience, and will also enhance the scope of investment. The company’s global reach and experience is supported by the IPA Qatar’s knowledge of the real estate sector in Qatar.
Lewis affirmed the support of Knight Frank Middle East for the goals of economic diversification in Qatar and for working with the agency and the concerned authorities in Qatar to promote Qatar as an exceptional destination for foreign investment.
It is noteworthy that the real estate market in Qatar has witnessed rapid development in recent years in light of the significant expansion and development projects across various sub-sectors. The economic boom in Qatar and its ambitious vision paved the way for a group of amazing projects, including residential units, retail stores and infrastructure.
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