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Pages:
4 pages/≈1100 words
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Level:
APA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
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Topic:

Qatar Diar (Research Paper Sample)

Instructions:

Choose a company that you know well (Qatari Diar). Describe how this company operates for the last 5 years. Go over its history, mission statement, and projects. How do you see its future. Please include a reference page, 3 to 5 sources.

source..
Content:

Qatar Diar
By (Name)
Institution Affiliation
Introduction
Qatari Diar Real Estate Development Company is the perfect epitome of real time success. It is entirely impossible to mention Qatar Diar without associating the company to achievement realised over a short period of time. The management attributes the accomplishments to commitment, professional articulation of strategies and implementation of plans (Adnan 48). Qatar Diar has flourished in the last five years and risen above other giant companies that existed long before its inception. This essay looks into the details of Qatari Diar, its history and objectives, operations, present projects, success stories as well as a look into its future prospects.
History
Qatari Diar Real Estate Company was founded by Qatar Investment Authority which holds the sovereign wealth fund for the nation of Qatar in 2005. Qatari Diar’s headquarters are based in Doha that is on the Arabian Gulf coast. Qatari Diar was initiated to promote the nation’s growing economy and to manage Qatar’s real estate development main concerns. Lusail City was Qatari Diar’s first project launched in December 2005 and quickly became a highlight for its state-of-the-art style to real estate. The advanced, self-contained city stands as the leading single development to be embarked on in Qatar. Lusail city is still under construction but it by now denotes progress in Qatar on a noticeable scale replicating the vision and quality that presently define Qatari Diar. In 2008, Lusail Real Estate Development Company was founded to oversee the growth, construction and continuing operations at Lusail city (Sinclair 13).
Qatar Railways Development Company inaugurated in 2009 was a great milestone in the history of Qatari Diar. The company was established with the intention of realising the country’s vision for advancing Qatar’s expansive countrywide railway network, as well as giving life to the regions dream of a first fully cohesive and unified railway system. Qatari Diar has enabled Qatar to realise parallel vital infrastructure developments in the nation and has remained committed to make the vision a reality. The company is devoted to bring forth real estate that advances conditions of life and gives back to the society on an international level. Due to commitment to local society, quality and standards, hallmark sustainability, and partnership, Qatari Diar has successfully created a name for itself as one among the leading and respected global companies in the real estate business. By January 2012, Qatari Diar’s capital stood at $4 billion dollars with close to 49 projects developing or being planned in Qatar and additional 29 projects around the globe in over $35 billion dollars in total value (Adnan 52).
Mission statement
Qatari Diar anticipates to endorse “a better quality of life for the people of Qatar and around the world by creating distinguished developments on a grand scale, incorporating best practice industry standards”(Qatari Diar 2).
Operations and Projects
Qatari Diar is guided by the philosophy to design, develop, and invest in real estate of international standards through recognition of the worth of architecture and art. In each of the developments in the entire globe, Qatari Diar owns a sturdy desire to guarantee that cultural fabric of the society remains interwoven and seen in each of them. Qatar has developed a National Vision 2030 that is responsible for making an advanced society adept to sustain its advancement and availing high living standards for all people. All operations in Qatari Diar are dedicated to making these ambitious goals get life. Qatari Diar is entrusted with several duties. They include realising Qatar’s vision for an exquisitely and uniquely constructed environment, real estate investment and development, original viable and ecological communities and advancements that grasp the world’s imagination and attention.
Lusail City is a flagship project commissioned by Qatari Diar and is the largest prime development to take place in Qatar. It symbolizes the National Vision 2030 in the area of real estate development. There are over 200,000 residents living in the scenic surroundings of Lusail, over 170,000 people anticipated to work in the districts of Lusail and 80,000 likely to visit its recreation and entertainment facilities (Qatari Diar 4). Growth is expected in the 19 districts as well as fresh commercial, residential, hospitality, and retail opportunities and assortment of society needs like medical facilities, mosques, schools, entertainment, sports, and shopping centres. World-class transport infrastructure is to be constructed. This is the city where Art of Real estate is born and incredibly illustrates the commitment and values exhibited by Qatari Diar.
Sheraton Park is the development of a rehabilitated public green space to take up the space from Doha Bay to Sheraton Hotel. This plan includes the design and construction of two-storey underground vehicle parking space that can accommodate over 2,000 vehicles. Adjacent to Sheraton Park, there is a tunnel connection heading to the convention centre. Moreover, the plan is to build a house to contain the service warehouse and main control tower for Doha Metro.
Another of the local projects includes the Doha Convention and Exhibition Centre, Qutaifiya Lagoon. The latter is positioned on a man-made lagoon containing blue water and natural characteristics and islands. The project hosts numerous villa designs that reveal Gulf and Islamic architectural sensibilities. It is environment-friendly and the islands were built in a manner that never eroded the essence of surrounding sea or land.
Qatari Diar has been contracted to carry out projects in Europe, Africa, Asia and America. The Chelsea Barracks in United Kingdom are presently the company’s biggest residential development in value. The master plan is to combine this old military site with the neighbouring Belgravia neighbour through vivid and residential areas and build houses, ...
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