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Ministry of Business & Trade and Qatar Development Bank Launch Al Furjan Markets

Ministry of Business & Trade and Qatar Development Bank Launch Al Furjan Markets

30 May 2013

In a first of its kind, Qatar’s Ministry of Business & Trade launched commercial markets project, Al Furjan, in a bid to create viable retail hubs located within different domestic areas nationwide and aiming to serve the population of Qatar with a line-up of shops and arcades that cater to their household needs and demands. Al Furjan, a project which will be implemented with Qatar Development Bank, will be established on government property and will play a key role in alleviating congested traffic points in Doha due to massive influx of residents heading to the capital to run their daily errands.

Al Furjan project marketplaces will span lands of various municipalities including those for Doha, Al Rayyan and Al Daayen and will be split as follows: 4 lands in Al Thumama; 6 lands in Old Rawdat; 4 lands in Al Meerad; 4 lands in Ain Khaled; 7 lands in Al Quteifah; 3 lands in Hazm Al Markhiyah; 3 lands in Jaryan Nujeimah; 4 lands in Al Aab; and 9 lands in Rawdat Al Hamam.

Commenting on the launch, HE Sheikh Jassim Bin Abdulaziz Al Thani, Minister of Business and Trade said that the significant surge in Qatar’s total population in general and Doha’s residents in particular has had a pressurizing impact on all commercial points in the capital. It is to that effect that the Ministry, in close collaboration with its stakeholders, has allocated a considerable number of lands to provide adequate support to all residents in the country and, consequently, ease circulation and congestion in Doha in addition to the positive environmental effect stemming from a decrease in fuel consumption and CO2 emissions.

Mr. Mansour Bin Ibrahim Al Mahmoud, Chief Executive Officer of Qatar Development Bank said: “We would like to thank the Ministry of Business & Trade and HE Minister Sheikh Jassim Bin Abdulaziz Al Thani for entrusting QDB with the roll-out of this major project which strongly underlines our government’s continued concern to cater to both nationals and expatriates residing in remote areas in Qatar. Al Furjan is a highly strategic initiative with great potential for the economy owing to the considerable value it’ll bring to the local commercial industry and private sector. It is also perfectly in line with the national vision for 2030 underpinned by sustainability.”

The first phase of Al Furjan entailed a call for bidding in Qatar’s local newspapers and was followed with an agreement signed with a class-A Qatari contractor. Al Furjan will comprise three phases with the first one covering 12 pieces of land and 122 outlets across the country, spanning 2,500 square meters to 3,000 square meters. The second phase will cover 18 lands ranging between 700 to 2,000 square meters and boasting 176 stores. Al Furjan’s final phase will hold 14 lands with a space of 3,000 to 7,000 square meters and 290 commercial units. Each of these outlets will feature a variety of amenities, services and products such as bakeries, groceries, pharmacies and others. Al Furjan districts will also be equipped with ATMs and electronic billing and payment platforms.

Al Furjan’s design and architecture will strongly reflect Qatar’s tradition, heritage and culture. The bid for project’s second and third phases will be open in May 2013 with the entire project, covering a total of 44 lands, set for completion in mid-2014.