A delegation from Qatar Chamber was part of a two-day field tour of the Lusail Commercial Boulevard project, which aims promote the investment opportunities available for Qatari and foreign investors.
The delegation, which was led by Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani and first vice chairman Mohamed bin Towar al-Kuwari, also comprised several of the chamber’s board members, general manager, and other Qatari leading businessmen.
Sheikh Khalifa said the Commercial Boulevard provides unique investment opportunities in attracting Qatari and foreign businessmen, as well as international brands owing to its strategic location in the heart of Lusail City, which is Qatar’s future city and the first smart city in the region.
He underscored the importance of opening the project before the 2022 FIFA World Cup, especially because it is located near Lusail Stadium, one of the tournament areas. This affirms that these features make it an element of attraction for investment, Sheikh Khalifa said.
As part of the chamber’s efforts to attract more foreign investments to the State, Sheikh Khalifa noted that it will promote the project during the events while hosting foreign trade delegations or when participating in external events.
The Commercial Boulevard is a 1.3km road that consists of 18 spacious buildings designed for multipurpose uses including retail, corporate offices, hotels, residential units, and convention centres.
About 51% of the project’s infrastructure works include a wide range of shopping centres, 4- and 5-star hotels, offices, art galleries, libraries, studios, retail spaces, auto showrooms, eateries, and recreational areas.
Located at the heart of Lusail City and starts from Al Khor road west to towers of Lusail Plaza east, the Commercial Boulevard is a dynamic and diverse commercial and residential destination in Lusail City. It includes a group of luxurious multi-use residential units and shops designed in line with the highest international quality standards.
Chief Projects Delivery Officer at Qatari Diar, engineer Fahad Abdullatif al-Jahrami, said that the area offers a distinct opportunity to highlight the investment opportunities galore in Lusail City before local investors and foreign investors who are willing to invest in Qatar. He stressed that Lusail City is Qatar’s future city and is likely to be one of the most paramount business centres within the next few years.
Al-Jahrami thanked the chamber’s board members who were eager to learn about the development of the Commercial Boulevard project and the investment opportunities offered for investors in the upcoming period.
He said the Commercial Boulevard is designed in accordance with the best international standards to be a modern commercial district with eco-friendly buildings, indicating that it comprises an integrate d transport network and underground parking.
The Commercial Boulevard is inspired by the Champs-Élysées avenue in France, with its towers surrounding the high gate, and car and pedestrian roads. It is a vibrant residential and commercial destination that encompasses a variety of shopping centres and entertainment facilities.
The area also includes a network of advanced transportation systems, and underground car parks that could accommodate more than 2000 vehicles. Developed by Qatari Diar, Lusail City extends across an area of 38 square kilometers and can accommodate approximately 450,000 people.
The city of future offers a wide range of investment opportunities in residential, commercial, and retail units. It also includes an integrated rift of services that meets all the needs of its community, such as schools, medical institutions, entertainment, and shopping centres.