Doha: Chairman of the Real Estate Regulatory Authority Khalid Ahmed Al Obaidli said Wednesday that Qatar’s huge real estate development over the past years was thanks to legislation and large government investments in infrastructure projects.
Al Obaidli was speaking at a panel held as part of the 4th Qatar Economic Forum with the aim of highlighting the latest ideas and technologies that contribute to reshaping the real estate sector, and the best ways to build healthy urban environments and vibrant communities around the world.
He also ascribed the great real estate growth to the opportunities provided by the Qatar National Vision 2030 in terms of the recovery of the real estate market in the country.
He said that Qatar has been able to achieve first-class real estate infrastructure, and the next stage will be to activate this infrastructure by attracting the appropriate partners, talents, and appropriate industries, such as data centers and warehouses, in order to use them to meet future demands and nee
ds.
For this purpose, Doha will bring in international companies to for investing and building private portfolios, he added.
He indicated that the challenges facing the sector are being dealt with by launching a number of initiatives that contribute to attracting foreign investments, highlighting in this regard that the Authority is in the process of organizing a real estate forum that will be held next October to promote the real estate sector and discuss procedures and legislation and develop recommendations to advance the sector.
During the session, real estate and infrastructure investors and experts presented their visions regarding the sectors growth opportunities in different environments, reviewing aspects of their companies experiences in the GCC countries, the US, Singapore, and South Korea.
Source: Qatar News Agency