Qatari Diar Real Estate Company announced the completion of the infrastructure and parking phase of the Citi Tower project in the heart of Malaysia's capital Kuala Lumpur.
The announcement was made within the framework of the visit paid by a delegation from Qatari Diar, headed by CEO Eng. Abdullah bin Hamad Al Attiyah, to Malaysia to review the latest developments in the project, which cost a total of QR 5.6 billion.
During the visit, the delegation met with Ahmad Nizam Salleh, the Chairman of the Malaysian oil company Petronas (Petroliam Nasional Berhad), which is the strategic partner of the project, in the presence of HE Qatar's Ambassador to Malaysia Fahad Mohammed Kafood.
The visit aimed at following up the progress of Citi Tower project, one of Qatari Diar's important projects that is implemented in partnership with Petronas. The project is a mixed-use commercial hub adjacent to the iconic Petronas Towers comprising of high rise office tower with retail and 5 star hotel. The project comprises of two Towers including office, hotel, retail podium and an underground car park.
The expertly planned Citi Tower is a purpose-built, fully integrated inner city development featuring quality and intelligent buildings, state-of-the-art amenities and the finest communication facilities.
The Citi Tower Precinct is designed to be another iconic landmark enhancing Kuala Lumpurs skyline. The hub comprises of a 56-storey Hotel, a 77-storey Office Tower, a 6-storey retail podium and multi-level basement parking.
Qatari Diar Real Estate Company was established in 2005 by the Qatar Investment Authority. It was entrusted to support Qatars growing economy and to coordinate the countrys real estate development priorities.
The companys flagship project, Lusail City, was launched in December 2005 and quickly went on to gain tremendous praise for its innovative approach to real estate.
Qatari Diar has a shared capital of $8 billion, with 60 investment projects under development or held in 24 countries around the world, combining a value of over $35 billion. (QNA)
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