Tuesday, 02 January 2024 12:17 GMT

Qatari Diar to Open Regional Office in Washington


(MENAFN- Qatar News Agency) Qatari Diar Real Estate Investment Company is set to open a regional office in Washington D.C. in a bid to pursue new strategic investments throughout the western hemisphere, the company revealed in a press release on Wednesday.



The office will open later this year and will be located in City Center D.C. complex, Qatari Diar's flagship North American development, which is currently nearing completion in conjunction with Hine



Designed by Foster + Partners, City Center D.C. is a 148,000sqm urban redevelopment program in the heart of downtown Washington D.



In addition to City Center D.C., Qatari Diar is part of the joint venture developing Panama Pacifico on the site of the former Howard Air Force Base in Panama. Announcing the new office, Khaled Mohammed Al Sayed, group CEO of Qatari Diar Real Estate Investment Company, said the success of the City Center project and Qatari Diar's project in Panama "have encouraged us to look for additional opportunities in the America



Qatari Diar's new regional base will manage existing projects and explore other strategic investments within the region." The Washington D.



Office will be headed by Stephen J. Pettit, Qatari Diar regional director in the America



"Qatari Diar's new base in the Americas will bolster the company's operations in the western hemisphere, allowing the regionally-based team to oversee the effective management of current and future projects," said Petti



Qatari Diar is currently involved in 49 landmark projects in 29 countries across the Americas, Europe, Middle East, Africa and Asi



The first phase of City Center D.C. comprises six buildings containing 458 rental apartments and 216 condominiums, in addition to 48,000 sqm of office space and more than 17,000 sqm of retail space


Qatar News Agency

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