Qatari Diar Real Estate Investment Company is to open a regional office in Washington D.C. to pursue new strategic investments throughout the western hemisphere.
The office will be located in City Center D.C. complex, Qatari Diar's flagship North American development currently nearing completion in conjunction with Hines. Designed by Foster + Partners, City Center D.C. is a 148,000sqm urban redevelopment programme in the heart of downtown Washington D.C.
In addition to City Center D.C., Qatari Diar is part of the joint venture developing Panama Pacifico on the site of the former Howard Air Force Base in the Republic of Panama.
Announcing the new office, Khaled Mohammed Al Sayed, Group Chief Executive Officer of Qatari Diar Real Estate Investment Company, said, "The success of the City Center project, together with Qatari Diar's project in Panama, have encouraged us to look for additional opportunities in the Americas. Qatari Diar's new regional base will manage existing projects and explore other strategic investments within the region."
"Qatari Diar's new base in the Americas will bolster the company's operations in the western hemisphere, allowing the regionally-based team to oversee the effective management of current and future projects," said Mr. Pettit.
Qatari Diar is currently involved in 49 landmark projects in 29 countries across the Americas, Europe, Middle East, Africa and Asia. The first phase of City Center D.C. comprises six buildings containing 458 rental apartments and 216 condominiums, in addition to 48,000 sqm of office space and more than 17,000 sqm of retail space.
About Qatari Diar
The Qatari Diar Real Estate Investment Company was established by the Qatar Investment Authority to support the country's burgeoning economy. Currently involved in 49 landmark projects across 29 countries, it is valued at an estimated $35 billion.
Commissioned by the State of Qatar's sovereign wealth fund in 2005, Qatari Diar is tasked with prioritising and subsequently coordinating Qatar's real estate development. All while contributing to the ambitions articulated in the Qatar National Vision 2030.
By executing elite domestic and international real estate projects, Qatari Diar continues to demonstrate a deep-rooted commitment to quality and sustainability within the global community. In so doing, Qatari Diar continues to be revered as one of the world's most esteemed real estate organisations.
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