The Qatar Investment Agency and the “Mushtar Real Estate” company signed a strategic partnership, to support the expansion of sustainable urban development projects in the State of Qatar.
The company stated, in a statement today, that, according to this partnership, the Qatar Investment Authority will join as a strategic shareholder in “Mushtar Real Estate”, as well as the Qatar Foundation for Education, Science and Community Development, which maintains a majority of 51 percent, and the Qatar Investment Authority will have a 49 percent stake, reflecting the great confidence in the company’s entrepreneurial approach and its integrated model in developing smart and sustainable cities.
Through this partnership, the two sides seek to accelerate the pace of expansion in real estate projects that are based on innovation, and serve the state’s goals in economic diversification and environmental sustainability, in line with Qatar National Vision 2030, as well as consistent with the role of the Qatar Investment Authority and its responsibility towards supporting the development of the Qatari economy and its competitive capabilities, as well as supporting the progress process according to the third national development strategy of the state.
This partnership opens new horizons for “Msireb Real Estate” to expand the scope of its pioneering model based on the remarkable success of the city of “Mushairb Heart of Doha”, the first sustainable and integrated city in the world to have been fully developed, as “Msherb Heart of Doha” received a wide praise of international institutions, due to its integration of smart city technologies, flexible infrastructure and architecture inspired by the Qatari heritage.
This cooperation is in line with the goals of the State of Qatar in strengthening its position as a global center for sustainable development, especially in light of the global trend towards reducing emissions and achieving carbon neutrality, and the partnership between the two sides aims to support the expansion of the growing smart cities sector, while placing sustainability at the forefront of priorities.