Agreement in line with Lusail's support of local business

Doha, 22 June 2014: The Lusail Real Estate Development Company (LREDC) recently awarded Al Jaber Engineering a contract to construct the infrastructure of the Seef Lusail North and Waterfront Commercial districts of Lusail City.

As part of LREDC's support for local enterprise, the package includes the development of the entire infrastructure for that area which includes streets, pavements and lighting systems. In addition to work for sewage and storm networks, and all portable water and irrigation systems, the agreement will also see Al Jaber Engineering develop and connect all power grids and telecommunications networks. As well as the central water, gas, district cooling, and waste management networks. With work already underway, construction is expected to finish in October 2015

Commenting on the contracted work Engineer Essa Mohammed Ali Kaldari, Chief Executive Officer of LREDC, said: "Lusail endeavours to work with the local contractors who adhere to the highest safety and quality standards within the construction industry. Therefore we chose Al Jaber Engineering due to its commendable reputation, extensive expertise, and previous delivery."

Engineer Khalid Al Hammadi, Executive Director of Infrastructure at LREDC, added: "One of our objectives at Lusail is to support local contractors to participate in Lusail city bids. This contract has been awarded for work at the commercial waterfront area, at the heart of Lusail City, which contains a plaza, a financial centre and a commercial district."

Osama Hadeed, Chief Executive Officer of Al Jaber Engineering, added: "We are delighted to have been awarded this contract as it enables us to contribute to the construction of Lusail, the City of the Future."

"Established in 1995, Al Jaber Engineering remains a specialist in engineering, infrastructure, heavy industry and electromechanical works. Additionally, having been awarded several ISO certificates, Al Jaber will once again demonstrate, through this contract, its commitment to the highest international and environmental standards."

Lusail City extends over an area of 38 square kilometers and comprises four islands and 19 multi-purpose quarters. The city will also include 22 hotels and is set to house 20,0000 inhabitants and 170,000 employees.

About Lusail Real Estate Development Company
Lusail Real Estate Development Company, a subsidiary of QATARI DIAR Real Estate Investment Company, was established in September 2008 and is dedicated to executing the development, construction and ongoing operations of the flagship Lusail City development project. LREDC was created to facilitate relationships with Lusail City's primary stakeholders including the investors and development partners in the project.

Lusail City is a visionary development of the State of Qatar, master-planned by QATARI DIAR and developed by LREDC, to become a unique state-of-the-art city in Qatar, the region, and worldwide. The Lusail City development project is one of the largest and most elaborate developments being undertaken around the world, over a substantial area of 38 square kilometers where more than 250,000 people will live, work, raise their families and enjoy their lives. It will encompass not only new residential, commercial, and retail opportunities, but a full array of community needs, complete with schools, medical facilities, entertainment and shopping centers.

© Press Release 2014