Doha – Qatar: The Investment Promotion Agency Qatar (IPA Qatar) has announced a partnership with Knight Frank, a UK-based global real estate consultancy to showcase Qatar's real estate industry to international investors.

During the global real estate event, MIPIM 2023, Sheikh Ali Alwaleed Al-Thani, CEO of IPA Qatar, and James Lewis, Managing Director, Knight Frank Middle East signed a Memorandum of Understanding (MoU) at the Qatar Pavilion to promote Qatar's real estate sector on a global scale and attract foreign investment. This collaboration builds upon Knight Frank’s recent establishment of an office in Doha to provide integrated residential and commercial real estate transaction, consultancy and management services for local and foreign investors.

Through this bilateral cooperation, Qatar's liberalised property ownership reforms, sustainable residential developments and lucrative commercial real estate will be showcased to Knight Frank's global network of clients and investors.  Furthermore, Knight Frank will collaborate with IPA Qatar and other Qatari stakeholders to provide insights into global real estate trends, facilitating the exchange of knowledge between the entities.

Sheikh Ali Alwaleed Al-Thani, CEO, IPA Qatar, said: “The partnership with Knight Frank is a fantastic opportunity for us to leverage each other’s strengths to expand the reach of Qatar’s real estate market worldwide. We look forward to working closely with Knight Frank to support Qatar’s economic diversification goals and to showcase the country as an attractive destination for foreign investment.”

James Lewis, Managing Director, Knight Frank Middle East, said: "We are excited to collaborate with IPA Qatar to showcase the country's thriving real estate market to our global network of clients and investors. Coupling Knight Frank's global reach and expertise with IPA Qatar's knowledge of Qatar's real estate industry, this collaboration will enable us to present the country's thriving property market and lucrative investment opportunities to a wider audience. We are proud to support Qatar's economic diversification goals and excited to work closely with IPA Qatar and other Qatari stakeholders to promote the country as an exceptional destination for foreign investment."

Qatar’s real estate market: Building the future

Qatar's real estate market has experienced a rapid transformation in recent years, with significant growth and development across various subsectors. The country's thriving economy and ambitious vision have paved the way for a range of exciting projects, including residential properties, commercial and retail spaces and infrastructure.

According to the "Qatar Economic Outlook 2021-2023" report by the International Monetary Fund (IMF), the real estate sector in Qatar is expected to experience robust growth in the coming years. The report highlights that foreign investment is on the rise in the real estate sector, with investors attracted by the country's business-friendly environment, stable political climate and attractive investment opportunities.

-Ends-

About the Investment Promotion Agency Qatar

The Investment Promotion Agency Qatar (IPA Qatar) oversees investment promotion activities under the Invest Qatar brand and acts as the country’s umbrella organisation for FDI attraction. Through its close coordination with Qatari licensing platforms, it helps businesses advance their ambitions and achieve long-term success by delivering the support, advice and expertise needed.

IPA Qatar’s goal is to showcase Qatar as an exceptional investment destination, connecting international investors to business opportunities, while bringing progress to the country’s economic development and diversification goals across sectors and geographies.

For more information about the Investment Promotion Agency Qatar, please visit www.invest.qa

About Knight Frank

For over 125 years, Knight Frank has continued to expand its impressive global footprint to now include 384 offices, in over 51 territories, employing more than 16,000 real estate professionals and is the leading independent global property consultancy.

In the Middle East, we have strategically positioned offices in Dubai, Abu Dhabi, Riyadh, Jeddah, and Doha where we have provided integrated residential and commercial real estate transaction, consultancy and management services across the Middle East for the last 13 years. Learn more about Knight Frank at knightfrank.qa , LinkedIn and Twitter