The Qatar Investment Promotion Agency (IPA Qatar) has partnered with Knight Frank, a multinational real estate consultancy located in the United Kingdom, to promote Qatar’s real estate business to foreign investors.
Sheikh Ali Alwaleed Al Thani, CEO of IPA Qatar, and James Lewis, Managing Director of Knight Frank Middle East, signed a Memorandum of Understanding (MoU) at the Qatar Pavilion to promote Qatar’s real estate sector internationally and attract foreign investment.
This partnership builds on Knight Frank’s recent opening of an office in Doha to provide integrated residential and commercial real estate transaction, advisory, and management services to local and international investors.
Qatar’s liberalized property ownership laws, sustainable residential developments, and profitable commercial real estate will be promoted to Knight Frank’s global network of customers and investors through this bilateral partnership. In addition, Knight Frank will cooperate with IPA Qatar and other Qatari stakeholders to give insights into global real estate trends, increasing the knowledge exchange between the companies.
Sheikh Ali Alwaleed Al Thani, chief executive officer of IPA Qatar, stated, “The relationship with Knight Frank is a tremendous opportunity for us to harness one other’s skills to broaden the global reach of Qatar’s real estate industry.”
We look forward to collaborating closely with Knight Frank to assist Qatar’s economic diversification objectives and promote the country as an attractive location for global investment.” James Lewis, managing director of Knight Frank Middle East, stated, “We are thrilled to partner with IPA Qatar to highlight Qatar’s vibrant real estate market to our worldwide network of customers and investors.” Combining Knight Frank’s worldwide reach and experience with IPA Qatar’s understanding of Qatar’s real estate business will allow us to convey the country’s burgeoning real estate market and profitable investment prospects to a larger audience.
We are thrilled to work together with IPA Qatar and other Qatari partners to showcase the country as an attractive location for international investment.” Qatar’s property market: Investing in the future In recent years, the Qatari real estate industry has seen a fast shift, with substantial expansion and development throughout several subsectors.
The growing economy and ambitious vision of the nation have cleared the way for a variety of fascinating developments, including residential properties, business and retail spaces, and infrastructure.
According to the International Monetary Fund’s (IMF) “Qatar Economic Outlook 2021-2023” study, Qatar’s real estate market would witness substantial expansion in the next years.