Qatar
Qatar Investment Authority, Msheireb properties sign strategic partnership to advance sustainable urban development
June 04, 2025 | 02:28 PM
Qatar Investment Authority (QIA) and Msheireb Properties have signed a strategic partnership to accelerate the expansion of sustainable urban projects in the State of Qatar.Under the agreement, QIA will become a strategic shareholder in Msheireb Properties, joining Qatar Foundation for Education, Science and Community Development, which retains its majority stake of 51%. QIA has acquired a 49% stake in Msheireb Properties, underlining its confidence in the company's pioneering approach and integrated model for developing sustainable and human-centric smart cities.The partnership aims to fast-track innovative, human-centric real estate initiatives aligned with Qatar National Vision 2030 and the country's drive for economic diversification and environmental sustainability.It also aligns with QIA's mandate to support the development of a competitive Qatari economy and support the advancement of Qatar's Third National Development Strategy (NDS3).The collaboration opens new avenues for Msheireb Properties to expand its award-winning model, following the success of Msheireb Downtown Doha, the first fully redeveloped and sustainable city district in the world.The partnership reinforces Qatar's ambition to lead as a global hub for sustainable development, especially in light of international efforts to reduce emissions and achieve carbon neutrality.As cities worldwide race to reduce emissions, this Qatari-backed partnership signals a bold move to lead the booming smart cities sector, with sustainability at its core.
June 04, 2025 | 02:28 PM