Doha Festival City construction work starts on USD 2 billion

Construction work has started on the QAR 6 billion Doha Festival City retail destination which is slated for completion in the Q4 of 2014.

Bawabat Al Shamal Real Estate Company said that the mega project was a JV with Al-Futtaim Group, Qatar Islamic Bank and other investors.

IKEA, part of the Al Futtaim Group will be developed under the Phase I of construction and the 32,000 square meter store is set for completion in Q4 2012 with the remaining elements of Doha Festival City due for delivery two years later.

The company said that the general contractor contract for IKEA has been awarded to QACC and Amana Qatar Contracting Company with the MEP package awarded to Hamad and Mohammed Al Futtaim Engineering.