Thursday, Aug 02, 2012
BEIRUT (Zawya Dow Jones)--Kuwait-based Al Mazaya Holding Co. (MAZAYA.KW) plans to enter new investments and new real estate projects in Qatar through Mazaya Qatar Real Estate Development (MRDS.DO) in light of the good economic indicators there, Kuwait-based Al Anba daily reports Thursday citing an executive.
Mazaya Qatar has evaluated a number of new future projects, and is looking forward for alliances and investments with Qatari and regional parties, Rashid Al Nafisi, Al Mazaya Holding's chairman, said according to the paper.
Shariah-compliant Mazaya Qatar is managed by Al Mazaya Holding, according to the latter's website. Al Mazaya Holding owns a 5% stake in Mazaya Qatar, as per Zawya.com data.
Newspaper website: http://www.alanba.com.kw/ar/economy-news/314197/02-08-2012/
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(END) Dow Jones Newswires
02-08-12 0527GMT
