Cyprus-Forum.com

by **CBBB** » Wed Nov 12, 2008 11:28 am

Qatari Diar Signs Memorandum of Understanding with Cypriot government

11 November 2008
Doha, Qatar: Qatari Diar Real Estate Investment CompanyQatari Diar Real Estate Investment CompanyQatari Diar Real Estate Investment Company, an international leader in sustainable real-estate development, and the Cypriot government signed yesterday a Memorandum of Understanding to conduct feasibility studies and land evaluation for a new project in Nicosia, Cyprus.

This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.

Upon completion, the project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.

Speaking at the signing, Ahmed Al-Mazrouei, DCEO of Qatari DiarQatari DiarQatari Diar Real Estate Investment Company said, "Qatari DiarQatari DiarQatari Diar Real Estate Investment Company
are delighted to have signed this Memorandum of Agreement. We believe that this project highlights the strong relationship between our two countries and we look forward to working in Cyprus on the development. This is another example of Qatari DiarQatari DiarQatari Diar Real Estate Investment Company's focus of creating long term sustainable projects."

http://www.zawya.com/Story.cfm/sidZAWYA ... government

by **DT.** » Wed Nov 12, 2008 11:47 am

CBBB wrote:Qatari Diar Signs Memorandum of Understanding with Cypriot government

11 November 2008
Doha, Qatar: Qatari Diar Real Estate Investment CompanyQatari Diar Real Estate Investment CompanyQatari Diar Real Estate Investment Company, an international leader in sustainable real-estate development, and the Cypriot government signed yesterday a Memorandum of Understanding to conduct feasibility studies and land evaluation for a new project in Nicosia, Cyprus.

This new project will be located on 25,000m2 of a prime site in Nicosia and will be a mixed use development.

Upon completion, the project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings. It is destined to become a major tourist destination, aimed at sophisticated investors and tourists from around the globe.

Speaking at the signing, Ahmed Al-Mazrouei, DCEO of Qatari DiarQatari DiarQatari Diar Real Estate Investment Company said, "Qatari DiarQatari DiarQatari Diar Real Estate Investment Company
are delighted to have signed this Memorandum of Agreement. We believe that this project highlights the strong relationship between our two countries and we look forward to working in Cyprus on the development. This is another example of Qatari DiarQatari DiarQatari Diar Real Estate Investment Company's focus of creating long term sustainable projects."

http://www.zawya.com/Story.cfm/sidZAWYA ... government

Its a good deal. We get gas they get land.

by **CBBB** » Wed Nov 12, 2008 11:53 am

Yes, but a tourist resort in Nicosia?

by **DT.** » Wed Nov 12, 2008 12:22 pm

CBBB wrote:Yes, but a tourist resort in Nicosia?

why the hell not! We city folk need a decent spa here as well.

by **oranos64** » Wed Nov 12, 2008 2:05 pm

D.T ... I WILL BE LOOKING TO COLLECT MY £££ how many things will i correctly predict ...housing slumps.world recession ...peace talk failures ... keep reading ....