Doha - The Al Khor Resort project that was unveiled recently by the Qatari property developer Barwa Real Estate company is intended to meet the demand for accommodation of some 80,000 people to be employed in the oil and gas industry in the next five years, according to the company officials.
"There is a need to develop the unique Al Khor area with its distinctive environment and long coast line in view of the expected increase in population in the nearby Ras Laffan because of the ever expanding oil and gas industry", said Ghanem Saad Al Saad at a workshop here on Tuesday.
He said that currently approximately 98 per cent of those employed in the oil and gas industry in the area live in Doha due to lack of facilities such schools, markets and recreational facilities which also create additional difficulties for transportation to and from Ras Laffan.
The Barwa Al Khor Company with a capital of QR250m, was especially created to develop the necessary infrastructure of the 8 million square metres area. Barwa Real Estate Company also entered into partnership with Kuwaiti firm Al Imtiaz for Investment Company and Qatar Real Estate Investment Company for the development of this particular project.
Yusef Ahmed Al Hamadi, Executive Director of Barwa Al Khor said the tourist and a residential community development project which spreads over a beachfront strip North of Al Khor City comprises chalets, villas, commercial complex and recreational facilities.
He said the Al Khor project would sell plots of land with all the necessary design and layout ready for construction to Qataris and buyers of any nationality.
© The Peninsula 2006
