In preparations to host the 2022 World Cup, Qetaifan Projects, a Katara Hospitality owned company signed a memorandum of understanding with Admares; the world leader in alternative real estate with pioneering construction methods. Qetaifan Projects continues its series of local and international partnerships that would add to Qetaifan Island North and serve the tourism, hospitality, and entertainment sectors in Qatar.
The Memorandum of Understanding includes the construction and operation of 16 floating hotels on the shores of Qetaifan Island North to provide accommodation for the masses within the fan villages during the 2022 World Cup. The hotels have a unique design; 72-meter-long and 16-meter-wide, each consisting of 101 guest rooms, a restaurant, and a lounge bar. All of the 16 four-story hotels will be identical, offering a total of 1616 floating hotel rooms.
The agreement was signed in the presence of H.E Sheikh Nasser bin Abdulrahman Al-Thani, Managing Director of Qetaifan Projects and Vice Chairman of Katara Hospitality, Mr. Hesham Sharaf, Chief Operating Officer, and Sheikh Nasser bin Abdulaziz Al-Thani, Head of Business Development in Qetaifan Projects, in addition to Mr. Mikael Hedberg, CEO of ADMARES, and Mr. Samer Malaeb, Regional Director of the company.
H.E Sheikh Nasser bin Abdulrahman Al-Thani, Managing Director of Qetaifan Projects and Vice Chairman of Katara Hospitality expressed his happiness in attracting investments to the country, saying, "We are pleased that there are investors who share our vision and see the development of Qetaifan Island North as a promising project that has a future as the first touristic destination in Qatar. This indicates the aspiration of investors in the returns due to the safe and secure climate achieved by the state to encourage and attract foreign investment and create new opportunities, which will reflect positively on the local market, encourage competition, and stimulate the state sectors in all fields, especially with the recent developments witnessed within these sectors.” www.admares.com