MALDIVES has evinced interest in the Pearl-Qatar, a multi-billion dollar offshore island and one of the largest real estate development projects in the energy-rich Gulf peninsula.
“We wanted to meet the developers in order to discuss the structuring of the project, its development, as well as potential opportunities for investments in the Maldives,” said Mohamed Jaleel, minister of economic development and trade of the island nation in the Indian Ocean.
The Pearl-Qatar on Monday hosted a ministerial delegation from Maldives for an extensive project presentation.
The visit is one of regularly scheduled weekly tours extended to high-profile investors, government officials and business figures from around the world.
The other members in the Maldivian delegation were Minister of Finance and Treasury Qasim Ibrahim; Minister of Construction and Public Infrastructure Mohamed Mauroof Jameel; executive director of the Ministry of Finance and Treasury Hamdhy Ageel; Deputy Minister of Economic Development and Trade Abdulla Salih and assistant director general of Foreign Investment Services Bureau Yusuf Riza.
Top officials of the United Development Company (UDC), owner and developer of The Pearl-Qatar, welcomed the delegates.
The team went around the Oyster (sales and marketing centre of the Pearl-Qatar), where they got a comprehensive view of how the project would look like by 2011.
“The way the villas and townhouses have been structured shows individualism and respect for privacy, two ideal lifestyles people are looking for,” Jaleel said.
The diversity of the (Pearl) island from high populated areas to more dispersed areas made it a much better concept than the comparable projects in the region, Jameel said.
Highlighting that the island has been attracting investment interest from around the world, Pearl-Qatar sales manager Salim Abdul-Rahim said the project was set to become an icon in the Qatari economy.
Source: gulf-times.com
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