Msheireb Properties awards QAR2.5 billion construction contract for phase 3
Phase 3 comprises the construction of a mosque, 11 residential buildings, two office buildings, 84 retail units and a hotel
Msheireb Properties, one of Qatar’s largest real estate developers, has awarded a consortium comprising Obayashi Corporation and HBK Contracting the QAR2.5 billion 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 that is expected to begin later this month.
“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,” said Abdulla Hassan Al Mehshadi, chief executive officer at Msheireb Properties.
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. It will include two 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.
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.