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Apr 14 2011

Damac awards Qatar construction contracts

JEDDAH: Real estate developer Damac Properties said it had awarded three main construction contracts in Qatar worth QR602,685,827.

They have been awarded to Draieh Contracting for the construction of three mixed-use residential and commercial projects within Qatar's Lusail City.

" Damac Properties is confident that with the appointment of Draieh Contracting we will see construction rapidly accelerating at our three development sites," said Niall Mc Loughlin, Senior Vice President, Damac Properties .

Lusail is Qatar's newest planned city and is located about 15 km north of Doha's city center.

Damac Properties has three luxury projects within the master development.

Business Square is a mixed-use residential and commercial tower, while the Piazza 1 and Piazza 2 are low-rise residential and office developments.

© Arab News 2011

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