MANAMA: Arcapita Bank and Kuwait's Al Imtiaz Investment have formed a joint venture to develop a $3.5 billion residential project in Qatar.

The project will be named Al Sidra, within the Lusail project in Doha.

The joint venture will develop a world class golf residential community of up to 3,200 residential units centered around a Greg Norman Championship golf course, a Chris Evert Tennis Academy, as well as a range of other facilities and utilities consistent with the high standards laid down by Qatari Diar Real Estate Investment Company, the owner and master developer of Lusail Qatar, and its subsidiary Lusail Real Estate Development Company which is managing the project.

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Posted by boyang at November 24, 2008 7:28 AM