Developer acquires 58,000m2 for Mushaireb mixed-use development in Khartoum
Qatari Diar has expanded the size of its $400m (£260m) Mushaireb development in the Sudanese capital, Khartoum.
The company behind the Shard at London Bridge announced that it had acquired a further 58,000m2 for the Khartoum project, taking it to 206,000m2 in total.
The Mushaireb development, which will have views along the Nile, will include a five-star hotel, residential and retail towers and office space.
Qatar’s state-owned developer is also the backer of the controversial Chelsea Barracks development in London, which led Prince Charles to write a letter of complaint to the Emir of Qatar.
Qatari Diar has developments in more than 20 countries world-wide has shown interest in smaller markets, including Vietnam and Tajikistan.
Mohammed bin Ali Al Hedfa, group CEO of Qatari Diar, said: “The expansion of our Mushaireb development in Sudan reflects Qatari Diar's deep commitment to establishing the best possible mixed-use real estate development, with an emphasis on sustainable development, for the people of Sudan.
We see strong potential for the country's long-term growth, and we are proud to be helping to improve the business, tourist, and residential opportunities and infrastructure in Sudan.”