The Qatar subsidiary of Arabian Construction Company (QACC) has received a letter of intent (LoI) worth $170 million to construct the residential components on two parcels of land directly owned by United Development Company (UDC), in Pearl-Qatar.

“QACC has been contracted by UDC, the promoters of Qatar’s largest freehold project, to build residential towers, townhouses and retail units in the Porto Arabia district,” says a spokesman for UDC.
The project involves the completion of a mixed-use development – totalling 186,000 sq m in built-up area – that will incorporate commercial and residential elements in the downtown of the Pearl-Qatar development. The construction will also include 26-storey residential towers with four-level townhouse and landscaping.
“Through QACC and our industry partners, we are also involved in several other projects in Qatar and we hope to increase our market share in the country,” Rasheed Mikati, director of ACC said.
Construction bids were invited by UDC last July. ACC was selected to receive the construction contract last month. The construction on the towers, which will begin this month, is expected to be completed in 20 months.
Calliston International/KEO International is the consultant while Dar Al Handasah (Shair and Partners) has been appointed the project manager.
The Pearl-Qatar is a $2.5 billion offshore, Riviera-style man-made island, covering 985 acres of reclaimed land and will create over 30 km of new coastline.
The four-phase development comprises 10 distinct districts to be developed over five years, with the first investors expected to take up residency in early 2007. The Riviera Arabia themed districts will house three luxury hotels, three marinas, with combined mooring for over 700 boats, and more than 1.6 million sq ft of luxury retail, recreation and restaurant space.
The Pearl-Qatar is being built 350 m offshore from the West Bay Lagoon area of the country’s capital, Doha. While offering an exclusive retreat, the island will also be closely integrated with, and have easy access to, the capital’s thriving community.