Prime Minister and Minister of Foreign Affairs launches Simaisma Project

27 June 2024

HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs, launched today the Simaisma Project, an initiative led by the Ministry of Municipality and developed by Qatari Diar Real Estate Investment Company.  Set to become a new cultural landmark, the project will span over 8 million square metres, featuring a 7 km waterfront that stretches over Qatar’s eastern coastline.  

Speaking at the event, HE Abdullah bin Hamad bin Abdullah Al Attiyah, Minister of Municipality, emphasised the importance of public and private sector partnerships in achieving Qatar’s development. He explained: “We are steadily advancing towards realising Qatar’s national vision 2030, building a more prosperous and stable future for coming generations across the economic, social and environmental domains. We are thrilled to contribute to the growth of the tourism and entertainment sector by spearheading innovative projects that meet the rising demand in this crucial industry.”

Eng Ali bin Mohammed Al Ali, Qatari Diar Real Estate Investment Company CEO, said: “We have meticulously planned this project under the guidance of the Ministry of Municipality and in alignment with Qatar’s trajectory of continuous growth. This project is poised to establish new benchmarks for tourism in the region and write a new, remarkable chapter in Qatar’s success story.”

The project opens diverse investment avenues for the private sector, with over 16 plots available for development. These include luxury resorts spread across four distinct areas, a theme park, a world-class 18-hole golf course, residential villas, a yacht club and a marina, as well as restaurants and shops.

In addition, the project will rely on sustainable construction and operation, incorporating cutting-edge smart systems and innovative technologies while prioritising the use of locally recycled materials.

By boosting non-oil sector contributions to Qatar’s economy, empowering the private sector and attracting foreign direct investment, the Simaisma Project marks a significant milestone towards achieving the Third National Development Strategy 2024-2030.