»»Qatar’s Msheireb Properties eyes new financing
Qatari developer, Msheireb Properties is considering seeking financing next year for part of the .5bn Msheireb Downtown development, The National has reported. “So far, cash is not an issue for us,” said Issa Al Mohannadi, the chief executive of Msheireb Properties. “But to be a sustainable developer, we are gearing up toward 2013 to be ready for any scenario.” Msheireb Downtown is a 31-hectare site in the downtown area of Doha that is designed around green and sustainable concepts. It is being built in four phases. Phase one is expected to be completed by the end of this year, with all four phases due for completion by 2016.
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