Qetaifan Projects, JMJ Properties sign QR600m MoU – The Peninsula

Qetaifan Projects, JMJ Properties sign QR600m MoU – The Peninsula

Doha: Qetaifan Projects, fully owned by Katara Hospitality and the real estate developer of Qetaifan Island North (QIN) yesterday signed a memorandum of understanding (MoU) with JMJ Properties for the construction of a QR600m mixed-use development at QIN.

The agreement was signed by Sheikh Nasser bin Abdulrahman Al Thani, Managing Director of Qetaifan Projects and Sheikh Jabor bin Mansour Al Thani, Chairman and Founder of JMJ Properties during the Cityscape Qatar 2022 at Doha Exhibition Convention Center (DECC).

The agreement signing ceremony was attended by Hesham Sharaf, Chief Operating Officer, and Sheikh Nasser bin Abdulaziz Al Thani, Head of Business Development at Qetaifan Projects, in addition to Sheikh Faisal bin Mansour Al Thani from JMJ Properties.

Qetaifan Projects and JMJ Properties will develop a mixed-use five plots of mid-rise located at the southern area of Qetaifan Island North. The plot area is approximately 25,000 square meters, with an investment value of QR600m.

Sheikh Nasser said: “Collaborating with local companies and the private sector is part of our strategy to work on the development of Qetaifan Island North, in addition to being part of the success system that we developed in Qetaifan Projects, which prioritises the residents and visitors, and this will also reflect positively