Qatari Diar is staking its claim as a leading development company with projects that range from residential and commercial complexes in Syria to luxury tourist resorts in Morocco. Last year the company, a division of the state-owned Qatar Investment Authority, also acquired 13 acres in London’s Chelsea district. Qatari Diar Real Estate Investment Company was established in December 2004 to support Qatar's growing economy and to co-ordinate the country's real estate development priorities.

The company aims to ‘create distinguished property developments with local culture and lifestyle experience to attract tourism and residents, generating sustainable and tangible socio-economic benefits’. In October 2007 Nasser al Ansari, the CEO of Qatari Diar, commented, “Qatar has adopted a policy to diversify its portfolio from its natural resources to other investment opportunities and one of them is Qatari Diar. We are investing a lot in real estate, not just in Qatar but worldwide.”

The company plans to develop a $660 million luxury resort on 234 hectares of coastal land near Tangier with golf course, casino, convention centre, 5-star hotel, residential apartments and villas, sports facilities and stables. Al Houara, a truly Moroccan destination with the ancient Assilah Fort as the inspiration for the architects, was Qatari Diar’s first overseas project. Morocco is a favourite destination for European tourists and is becoming increasingly popular with Arab travellers. (E-07.28.08)

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