Mar 12 2014
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Qatari Diar to open American Regional Office
Doha, 12 March 2014
Qatari Diar Real Estate Investment Company is to open a regional office in Washington D.C. to pursue new strategic investments throughout the western hemisphere.
The office will be located in City Center D.C. complex, Qatari Diar 's flagship North American development currently nearing completion in conjunction with Hines. Designed by Foster + Partners, City Center D.C. is a 148,000sqm urban redevelopment programme in the heart of downtown Washington D.C.
In addition to City Center D.C., Qatari Diar is part of the joint venture developing Panama Pacifico on the site of the former Howard Air Force Base in the Republic of Panama.
The Washington DC office, due to open later this year, will be headed by Stephen J. Pettit, Qatari Diar Regional Director - Americas.
Qatari Diar is currently involved in 49 landmark projects in 29 countries across the Americas, Europe, Middle East, Africa and Asia. The first phase of City Center D.C. comprises six buildings containing 458 rental apartments and 216 condominiums, in addition to 48,000 sqm of office space and more than 17,000 sqm of retail space.
About Qatari Diar
The Qatari Diar Real Estate Investment Company was established by the Qatar Investment Authority to support the country's burgeoning economy. Currently involved in 49 landmark projects across 29 countries, it is valued at an estimated $35 billion.
Commissioned by the State of Qatar's sovereign wealth fund in 2005, Qatari Diar is tasked with prioritising and subsequently coordinating Qatar's real estate development. All while contributing to the ambitions articulated in the Qatar National Vision 2030.
By executing elite domestic and international real estate projects, Qatari Diar continues to demonstrate a deep-rooted commitment to quality and sustainability within the global community. In so doing, Qatari Diar continues to be revered as one of the world's most esteemed real estate organisations.
For more information:
In Middle East, Europe and Asia:
In the Americas:
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