The new generation al khaliji commercial bank will finance Alfardan Properties’ upcoming Kempinski Marsa Malaz Hotel Resort, with an estimated total cost of almost QR1bn.
“As the country looks to the future, and continues with its economic growth, companies such as Al Fardan Group Holding will be at the forefront of Qatar’s development,” al khaliji CEO Robin McCall said without divulging the deal size.
Omar Hussain Alfardan, President and CEO of Alfardan Properties and Alfardan Group, said the Kempinski Marsa Malaz Hotel Resort clearly reflects its vision to provide iconic luxury developments focused on unmatched hospitality service to Qatar and the region.
“This uniquely themed hotel resort which we foresee to become a popular destination for international guests visiting Qatar, will truly display the luxury, authenticity and excellence Alfardan Properties is known for,” he said.
Alfardan Properties, one of the companies under the Alfardan Group umbrella, is renowned for luxurious turnkey residential and commercial developments in addition to 5-star hospitality projects such as Kempinski Residences & Suites.
“Alfardan Properties’ strong alliances and solid track record within the banking community have been important factors that have given us greater flexibility to develop some of the most innovative and luxurious hospitality projects in Qatar,” according to KC Dalal, deputy CEO of Alfardan Group. He said the invaluable support of al khaliji bank plays an instrumental role for the success of such developments undertaken by Alfardan Properties, especially that the company has plans on expanding with newer and bigger luxurious developments in Qatar and neighbouring countries in the region.