Diar Dushanbe Wins Award on Architectural Project in Tajikistan

Doha, February 05 (QNA) - Qatari Diar Real Estate Investment Company, an international leader in sustainable development, has won an award on its Diar Dushanbe mixed-use development this month. The Diar Dushanbe project was named "best decorative" architectural project in Tajikistan for 2011 and will provide a range of residential, commercial and entertainment opportunities in the country's capital, Dushanbe. The award honored Qatari Diar's "Diar Dushanbe" project for excellence in architectural decoration, and was presented by the Tajik government's Agency of Construction and Architecture and the Association of Builders of Tajikistan, according to a press release issued by Qatari Diar. "We are honored to receive this recognition from the Tajik government and the Association of Builders in Tajikistan. Diar Dushanbe has been carefully designed to bring together the best of modern architecture with the beauty of traditional patterns and design in a contemporary urban setting," Group CEO of Qatari Diar Eng. Mohammed bin Ali Al Hedfa said. "Residents of Diar Dushanbe will enjoy an affordable and high-quality lifestyle, complete with world-class residential services, at the heart of the Tajik capital," added Al Hedfa. In late August of this year, the State of Qatar and the Republic of Tajikistan signed an agreement permitting Qatari Diar to begin work on Diar Dushanbe. After an extensive study and rigorous design and planning process, the company has wasted no time in starting work on the 68,000 square-meter Diar Dushanbe development. "We are eager to start work on our first project in Central Asia and we are proud to be bringing local contractors on board to do so. Through Diar Dushanbe, Qatari Diar is not only signaling our support for Tajikistan's economy and our confidence in the country's real estate market -We are providing jobs and a new urban lifestyle for Tajik nationals and residents," said Al Hedfa. This month, the company began tendering for the first phase of construction on the project, which will include a 67-units residential tower, an office building, the central plaza. Qatari Diar has appointed five local Tajik contractors to start site preparation and earthworks, utilities replacement, site fencing, and construction of the Diar Dushanbe sales center. The company has also invited international consultants to tender for detail design services for the development's second and third phases, which includes residential and commercial buildings with extensive retail and office space. Qatari Diar also plays an active role in supporting various aspects of the local business sector in Tajikistan. Recently, the company sponsored the Second National Tourism Conference in Tajikistan in a gesture of support for the country's tourism sector. Diar Dushanbe will create an integrated community development on the idyllic waterfront of the Gissar Canal overlooking the Kuli Javonon Lake. Diar Dushanbe will also provide a variety of leisure facilities, a shopping center, and a waterfront promenade surrounded by ample green spaces and landscaped gardens. Diar Dushanbe will provide 1,500 jobs during project implementation and 400 jobs for the ongoing operation of the hospitality component, stores, restaurants and other facilities included in the development. The first phase of construction is expected to commence in early 2012. Wholly owned by the Qatar Investment Authority, Qatari Diar Real Estate Investment Company was established in 2005 to support Qatar's growing economy and to co-ordinate the country's real estate development priorities. Qatari Diar is currently involved in more than 35 signature projects in more than 20 countries around the world. (QNA)