Led by the Ministry of Municipality and developed by Qatari Diar Real Estate Investment Company, Simaisma Project is set to become a cultural landmark. Spanning over 8 million square meters, it features an impressive 7 km waterfront that stretches along Qatar’s eastern coastline.
Public-private partnerships
HE Abdullah bin Hamad bin Abdullah Al Attiyah, Minister of Municipality, highlighted the critical role of public-private partnerships in driving Qatar’s development. He stated: “We are steadily advancing towards realizing Qatar’s National Vision 2030, building a prosperous and stable future for coming generations. This progress spans across economic, social, and environmental domains, which are crucial for our nation’s growth and sustainability.”
Innovative projects
The minister added: “We are excited to contribute to the growth of the tourism and entertainment sector by leading innovative projects. These projects aim to meet the rising demand in this vital industry, reflecting Qatar’s commitment to excellence.”
Eng. Ali bin Mohammed Al Ali, CEO of Qatari Diar Real Estate Investment Company, emphasized the project’s careful planning, saying: “This project has been meticulously planned under the Ministry of Municipality’s guidance, aligning with Qatar’s trajectory of continuous growth. The Simaisma Project will set new benchmarks for tourism in the region and add a remarkable chapter to Qatar’s success story.”
Investment opportunities
The Simaisma Project offers diverse investment opportunities, with over 16 plots available for development across various sectors. These include luxury resorts in four distinct areas, a theme park, a world-class 18-hole golf course and residential villas. Indeed, this area, known as Smaisma Beach, will provide novel tourist and entertainment experiences to both the people of Qatar and its visitors. The project presents promising investment opportunities, with 16 tourism zones available for private sector development.
Sustainability and innovation
Moreover, the project will include a yacht marina, luxury restaurants and retailers, adding to Qatar’s tourism offerings. Sustainability will be a fundamental pillar of the project, relying on smart construction systems and the latest technologies. Additionally, there will be a strong focus on the use of local and recycled materials, aligning with sustainable development goals.
Boosting Qatar’s economy
As an integrated tourism development, the Simaisma Project will open promising investment opportunities for various sectors. These opportunities will attract real estate, development, and tourism companies, encouraging further foreign direct investments into Qatar. Additionally, Qatari Diar has 50 investment projects under development across 20 countries worldwide. These projects combine an investment value of around USD 35 billion, showcasing Qatari Diar’s global presence.
Sustainable development
In addition, the company seeks to provide investment opportunities for both local and foreign developers. These opportunities are present in many of its projects around the world, enhancing its international impact. Qatari Diar has also significantly contributed to the growth of Qatar’s real estate sector through pioneering projects, including Lusail City, one of the largest smart and sustainable cities in Qatar.
A milestone for Qatar’s development
Finally, the focus will be on using locally recycled materials, underscoring Qatar’s commitment to environmental sustainability. Furthermore, by enhancing non-oil sector contributions to Qatar’s economy, the Simaisma Project will empower the private sector and attract foreign direct investment. Thus, this project marks a significant milestone in achieving Qatar’s Third National Development Strategy 2024-2030.
