Mazaya Real Estate Development, Ariane Real Estate to form strategic partnership Aug 14, 2020 0 15900 12345 Tribune News NetworkDohaMazaya Real Estate Development is in an advanced state of forming a strategic partnership with Ariane Real Estate to develop a part of the Ariane City project in Mesaimeer, according to a press statement from Mazaya.The project is under implementation and its phase 1 is expected to be completed by the second half of 2021. Ariane City offers a harmonious mix of residential buildings and commercial spaces such as boulevard street, hospitality establishments and commercial spaces as well as retail and entertainment spaces.Eng Ibrahim Jaham Al Kuwari, managing director of Mazaya Real Estate Development, stated that the idea of a partnership in developing the project is a step in the right direction and in line with the directives of the chairman and members of the Board of Directors to invest shareholder funds in projects that guarantee the flow of remunerative liquidity to the company for the benefit of the shareholders. “This partnership is a new step to increase the company’s sources of income. Returns from these buildings is guaranteed according to the agreement to be entered in with Aryan Real Estate, as it will be leasing the buildings at a fixed return for a period of 5 years,” stated Eng Kuwari.Khalifa Jameel Al Majed, chief operating officer of Aryan Real Estate, welcomed the cooperation between the two Qatari companies and hoped that it would be the beginning of other new collaborations in future projects.Aryan Real Estate manages several large projects in different parts of the country and one of the most important of these projects is the Ariane City located in Mesaimeer on a total area of 1,236,552 square metres. It contains approximately 196 residential buildings in addition to a 1-km stretch dedicated to retail shops, boulevard and commercial street, hospitals and schools as well as the various other services that cover the needs of the residents of the city. Pages 12 RELATED ARTICLES International Youth Day: Ministry holds an array of events Aug 14, 2020 0 15218 24 Qatari students receive virology lessons at QU’s Empower Generation Consortium Aug 14, 2020 0 14757 QA leads recovery of global travel amid COVID-19 crisis Aug 14, 2020 0 7306 Qatar Airways Privilege Club announces flash offer of 75% more Qmiles for its members tribune news network doha QATAR Airways’ (QA) loyalty programme ‘Privilege Club’, has announced an exclusive flash offer, enabling members to earn 75 per cent more Qmiles if they buy, gift, or transfer them. This .. Qatari Forum for Authors launches ‘I Choose For You From QNL’ initiative QNA Doha The Qatari Forum for Authors broadcasts the first session of the “I Choose For You From Qatar National Library (QNL)” initiative, which was launched in cooperation with the library as part of its efforts to ..