Katara Hospitality, a leading global hotel owner, developer and operator based in Qatar, has announced the launch of Qetaifan Projects company, a newly established subsidiary valued at QR11bn, to develop and manage Qetaifan Island North.
The announcement came during a signing ceremony between Katara Hospitality and Atkins, one of the world’s most respected design, engineering and project management consultancies, assigned to design the masterplan, infrastructure and components of phase one of Qetaifan Island North.
The signing ceremony was attended by Katara Hospitality chairman Sheikh Nawaf bin Jassim bin Jabor al-Thani, deputy chairman Sheikh Nasser bin Abdulrahman al-Thani, Atkins managing director (Property, Middle East & Africa) Tom Hasker, and Atkins Qatar country director Lesley Desport.
An artist's illustration of the proposed Aqua Park (above) and Qetaifan Island North (below).
Qetaifan Islands is a development located off Lusail City in Doha, comprising of Qetaifan Island North, which will be developed by Qetaifan Projects company, and Qetaifan Island South, developed by Lusail Real Estate Development Company. Both islands are connected to the Lusail mainland through two iconic hanging bridges.
Sheikh Nawaf described the launch of Qetaifan Projects as a significant milestone in Katara Hospitality’s commitment to invest in the development of Qatar’s tourism industry and capitilise on its growth potential.
“Our vision is to change the world of hospitality through investment and innovation to leave an outstanding legacy for future generations, in line with the Qatar National Vision 2030.”
CEO Hamad Abdulla al-Mulla explained that with the development project of Qetaifan Island North, Katara Hospitality is strengthening its position as a key player of Qatar’s hospitality industry aiming to create a safe and sustainable investment.
Qetaifan Projects will be developing phase one of the project planned for completion by the first quarter of 2022. Phase one includes an unique aqua park, a four-star hotel with 400 rooms, as well as the infrastructure on an estimated area of 350,000sqm from a total area of 1.4mn sqm. Phase two will include a linear park, mixed-use residential complex, retail plaza, souq and staff accommodation.
Qetaifan Island North, a key element of Lusail City’s expansion project, is a comprehensive master plan development centered around a state-of-the-art waterpark with leisure attractions, luxurious hotels, unrivalled accommodation and world class facilities.