With over QR15bn worth of investment opportunities available at Qetaifan Island North, the ambitious project is not only expected to put Qatar on the global tourism map, but it will also enhance the tourism activity in the country, a top official of Qetaifan Projects has said.
Speaking to Gulf Times during a site tour of the island Wednesday, Sheikh Nasser bin Abdulaziz al-Thani, head of Business Development at Qetaifan Projects, said he is “optimistic” that the company will meet its target completion dates for the island’s four operating assets, which consists of the beach club, linear park, hotel, and water park.
“We're very optimistic with reference to the progress of the construction work…moreover, other important packages consist of infrastructure, in addition to community facilities, such as the mosque; so all these seven packages are to be delivered before the World Cup.
“Hopefully by Q3 2022, we will have all of these facilities ready, subject to certain authority approvals, in addition to certain testing and commissioning protocols, and then we will be more than happy to welcome all our investors, clients, and residents,” explained Sheikh Nasser.
Sheikh Nasser, who was joined by Khalid al-Jassim, business development officer, and construction engineer Mustafa el-Cherkawi during the site tour, also said the island’s Icon Tower is vying for two Guinness world records – the world’s tallest water slide sitting over 85m high and a tower with the most slides.
“We’re very proud of these attractions and we’re hoping this would build on the success of Qatar, in general, whether it is catering to the hospitality sector or the real estate development and tourism sectors,” he emphasised.
On the island’s role in putting Qatar on the global tourism map, Sheikh Nasser said: “Though Qatar is seen as a business destination where an average visitor would stay around four days, we think that by offering these ‘second-to-none’ services, they would emphasise and also improve our tourism statistics both outbound and inbound.”
“Investment opportunities from the island is over QR15bn but the construction of the whole island is going to cost the company just over QR4bn. Once fully operational, the total capacity of the island at one time is 25,000 to 30,000 visitors.
“We believe the residents would be around 10,000 to 15,000, in addition to another 10,000 to 15,000 daily visitors. The water park’s capacity is around 6,000 to 6,500 at a given time,” he explained.
Sheikh Nasser added: “We’ve already sold the villa plots, all 107 in two phases. We’re currently in negotiations with certain real estate development players in both the local and regional, as well as international markets for the development of community facilities and certain residential components of the island.”