Author : Shuchita Bist
Qatari Diar, state-owned investment firm based in Qatar, has launched a luxury real estate project in Tajikistan worth at least $150million. The ceremony for the launch for Dushanbe Diar project was attended by Imomali Rakhmon, President, Tajikistan and Ghanim bin Saad al-Kawari, Chief Executive, Qatari Diar. Kawari said Qatari Diar would look into possible further investments in the Tajik agriculture and education sectors.
The Dushanbe Diar real estate project in the Tajik capital Dushanbe will include residential towers, a 5-star hotel property, shopping malls, conference centers and gardens when finished in 2012 at a cost of between $150 and $180 million.
This real estate project is Qatari Diar's first in Central Asia. Qatari Diar is the unit of the Qatar's sovereign wealth fund - the Qatar Investment Authority. It said that it might delay plans to invest in Asian countries such as China, Vietnam and Cambodia because of the global financial crisis.
Source : Press Release
