Qatar Industrial Manufacturing Company (QIMC) has appointed Colliers International as the real estate advisory services consultant, based on the recommendations of project management consultant Hill International for Phase I of the company’s proposed new headquarters, QIMC Tower on Doha Corniche.
Under the agreement, Colliers International will initially conduct market research, a design critique, feasibility study and provide recommendations to QIMC on the planned 58,000sq m QIMC Tower mixed-use development.
Abdulrahman al-Ansari, CEO at QIMC, said: “Our decision to appoint Colliers International highlights our commitment to transform our current headquarters into an iconic building that reflects the highest standards and specifications.”
Peter Bibby, Qatar country director at Colliers International, said: “QIMC Tower will become an iconic feature of the Doha skyline with its unique design while providing residents and visitors with premium residential, commercial and hospitality services.”
When complete, QIMC Tower will consist of three interlinked towers ranging from 23 storeys to 39 storeys overlooking the Corniche in West Bay, Doha. The development will comprise residential and serviced apartments and offices.
QIMC, a 24-year-old company with prime focus on industrial manufacturing, has equity interest in 17 operational projects in various industrial sectors. Having a share capital of QR396mn, QIMC is listed on the Qatar Stock Exchange with 20:80 government / private equity interests.