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Oct 24 2011

Qatari Diar signs $543.8m contract

DOHA: Qatari Diar Real Estate Investment Co signed a $543.8m contract with Consolidated Contractors Co to develop two projects in Egypt, Qatari Diar said yesterday. The contract allots $464.3m to the company's Nile Corniche project in Cairo and $79.5m to its coastal resort project in Sharm El Sheikh. Qatari Diar counts London's Chelsea Barracks among its most high-profile overseas assets.

© The Peninsula 2011

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