📋 Tender Overview
Scope of Work:
To Develop Simaisma Project.
Description:
Qatar is building a 20 billion riyal ($5.5 billion) entertainment district, dubbed the Simaisma Project, with a major theme park, resorts, and retail and dining. The Simaisma Project is led by the country’s Ministry of Municipality and developed by Qatari Diar Real Estate Investment Company, a unit of the Qatar‘s sovereign wealth fund. Billed as a new cultural landmark, the project will cover more than 8 million square metres along 7 kilometres of beachfront land.
The project offers investment opportunities for the private sector, with more than 16 plots available for development. These include luxury resorts, a theme park, an 18-hole golf course, residential villas, a yacht club and marina, and restaurants and shops. Qatari Diar is in talks with several international park operators to manage the theme park. At 650,000 square metres, the park would be bigger than Magic Kingdom at Walt Disney World. The project will be built and operated using sustainable methods, cutting-edge smart systems and innovative technologies. The Simaisma Project is part of Qatar’s plans to diversify the economy, enhance the private sector and attract foreign investment.
