Regional News

Qatar mega mall ‘to cost 20pc less’

April 2016

A large marina mall being developed in Lusail city, 23 km north of Doha, Qatar, is expected to cost 20 per cent less than the previous estimate of QR1 billion ($274 million).

Mazaya Qatar Real Estate Development Company, which owns the project, is conducting a new study to determine costs of the mall in Lusail, reported Arabic newspaper Sharq, quoting chairman Rashid Al Nuaimi.

Engineering studies will soon be completed and the project will be launched shortly afterwards, it stated.

Designs for the 57,000-sq-m project have been completed and a contract is be signed shortly. The project is due to be completed within the next three years.

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