Ezdan building 50,000 housing units

Sheikh Dr  Khalid bin Thani al-Thani: “Ezdan aims at achieving the highest growth rate in the local market.” and Ali al-Obaidili: “Ezdan is planning many more malls across the country.”Real estate major Ezdan is currently engaged in construction of more than 50,000 housing units across the country to “serve guests” who will be in Doha to take part in FIFA World Cup 2022, said Ezdan chairman Sheikh Dr Khalid bin Thani al-Thani.“Our group is continuing its plans, aimed at achieving the highest growth rate in the local market as interactive participants in Qatar’s expansion,” he said. Sheikh Khalid said Ezdan’s “development and sustainable growth” were driven by investment diversification and establishment of malls in Qatar. This followed Ezdan becoming a holding company. Ezdan shareholders have benefited from the company’s investment strategy. Ezdan Holding Chief Executive Officer Ali al-Obaidili said the company has supplied thousands of accommodation units that fit into the budget of all income groups. Ezdan has thus participated in the real estate development on a national scale in a big way. The company has also supplied accommodation units in the luxury segment. Al-Obaidili said Ezdan is planning many more malls across the country. The Ezdan Mall in Gharrafa was the starting point. Ezdan’s Wakra Mall will open in February 2014 and the Al Wakir Mall in January 2015, he said. Ezdan Holding is set to open a new four-star hotel by the year-end and it will be located on the North Road. He said Ezdan is now planning a compound comprising some 171 villas for high-end customers. By 2013-end, two “smart villages” are expected to open in Wakra. Ezdan is also working on a deal with telecom service provider Ooredoo.The CEO also said Ezdan is developing environmentally friendly real estate projects “very actively”. Ezdan supports environment and keeps adequate green spaces in its housing projects. The company has initiated a major plan of planting 22mn trees by 2022. “This one of a kind initiative is in line with the community development and outreach efforts of Ezdan to help build a green Qatar, which is once again a key feature of the Qatar National Vision,” al-Obaidili said.Ezdan Holding is a major participant at Cityscape Qatar- international real estate event, which will be held in Doha until May 29.

Architect’s impression of an Ezdan mall.