The Investment Promotion Agency Qatar (IPA Qatar) has partnered 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, currently being held in France, Sheikh Ali Alwaleed al-Thani, chief executive officer 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.
“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,” Sheikh Ali said.
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.
"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," Lewis said.
Qatar's realty 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 International Monetary Fund report, the 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.