The Barwa Real Estate Group will build a QR500mn mall, Alaateda, consisting of about 650 retails shops, close to the under-construction Msheireb Downtown Doha project, it was announced yesterday.
The 155,000sqm project is to be completed within 30 months.
The company also signed an agreement with Promontorio, an international engineering consulting firm for the design of the project. Ahmad Abdulla al-Abdulla, acting group CEO, Barwa Real Estate Group, and Paulo Perloiro, partner and head of Retail Design, Promontorio, were the signatories.
Speaking on the occasion, al-Abdulla stated that the Barwa projects aligned with the strategic governmental vision and the needs of the business market in Qatar.
“Alaateda comes with ambitions to address the shortage in commercial units in the country,” he said.
“The project offers an alternative with good rental fees for merchants of medium businesses, and it enjoys a distinctive location on A-Ring Road – Rawdat Al Khail, three minutes away from Msheireb, in Doha downtown. This strategic location will guarantee the best returns for users of the project in the future.”
Perloiro pointed out that his company was in Doha for the last three years. “We have a long experience of more than 25 years in designing and consultancy. We have designed many leading projects in different countries. We also were involved in the renovation of the City Center Doha. The Alaateda project is one that we are looking forward to as this is the kind of project that we have been doing for many years.”
Alaateda consists of five connected buildings, designed in a flexible way to adjust with any future plans of expansion. The commercial activity differs from one building to another, selling electronics, cars accessories, handicrafts, jewellery, furniture, textiles and fashion products, among others.