Article / Sudan project first phase completed Posted: 2011-12-21 09:05:44| Article > Market Info > Market Conditions

The first phase of a $400 million multi use development project in the heart of downtown Khartoum, Sudan, has been completed.

The first phase of a $400 million multi use development project in the heart of downtown Khartoum, Sudan, has been completed.

Qatari Diar Real Estate Investment Company said that the completion of the first phase of the project which consists of eight high end residential towers comes as it launches its first sales centre for the development.

‘Qatari Diar is committed to providing sustainable real estate projects in Sudan. We are keen to support infrastructure development efforts in the country through various investments in residential, business and tourism sectors,’ said Mohamed bin Ali Al-Hadfa, group chief executive officer of Qatari Diar.

‘We look forward to continuing work on our current project while pursuing new investment opportunities throughout the country,’ he added.

The first residential tower in Mushaireb, named Al Bidaa building, consists of 49 units.The redevelopment of the corniche area next to Al Bidaa building is expected to be completed by the end of the year, Qatari Diar added in a statement.

‘The opening of our first tower marks an important step in putting Mushaireb on the map of remarkable projects in the area,’ said Hamad Al Marri, project management office director Africa for Qatari Diar.

Mushaireb includes a five star hotel, eight residential towers and a dedicated retail boulevard, in addition to future investment opportunities to develop commercial and residential towers.

Mushaireb stretches over 206,000 square meters at the convergence of the Blue and White Nile rivers. A total of 483 residential units and around 6,000 square meters of retail space will be available at the development, which expects to welcome around 20,000 residents and visitors upon completion.

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