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QIMC Signs
Construction Agreement of QIMC Towers with Redco Construction
Almana
February 12,
2018
H.E. Sheikh
Abdul Rahman Bin Mohammed Bin Jabor Al-Thani, Chairman of the
Qatar Industrial Manufacturing Company, has signed a contract
for the construction of the QIMC Towers with Redco Construction.
The project is located at the Doha Corniche, and will be built
on a property of the Company. The skyscraper, estimated to cost
QR1.2 billion, will consist of three towers divided into a
commercial building, a residential tower, and a Hotel high-rise.
The project
includes three towers, which are joined at the base with a total
area of about 120,000 square meters, including an underground
parking area. Each tower will differ from the other two towers
in size and usage. The 29-storey residential tower will offer
first-class views on the Corniche and a generous range of
amenities including a spa, gym and swimming pool.
The second
tower consists of 23 floors of integrated office space, while
the third 38 floors tower consists of 350 luxury hotel units.
A 5-storey base
connects the three towers to each other and is designed for
commercial activities that will host a myriad of shopping,
dining and relaxation outlets and a large number of parking
spaces.
Mr. Abdulrahman
Al Ansari, Chief Executive Officer of QIMC said: “QIMC Tower
enjoys a unique location on the Doha Corniche, and we are
seeking to take advantage of this premium location through the
development of such property in partnership with senior
international and local consultants. This building will be our
headquarters, while our core business will remain unchanged in
the field of industrial investment. It should be noted that QIMC
participates in 20 industrial projects at the moment, all of
which are in the production stages in various industrial sectors
including petrochemical, chemical, building, and food
industries, in addition to a number of new projects in the early
stage.
The State of
Qatar has given great importance to the involvement of the
private sector in the economic development process by investing
in small and medium industries. This trend is evident in the
establishment of the Qatar Industrial Manufacturing Company in
1990, shared by the state and the private sector at 20% - 80%.
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