Ezdan building over 50,000 housing units

Monday, 27 May 2013 Sheikh Dr Khaled bin Thani bin Abdallah Al Thani and Ali Al Obaidili, CEO. DOHA: Ezdan Holding, one of Qatar’s leading real estate companies, is currently engaged in the construction of more than 50,000 housing units to serve the influx of guests for 2022 FIFA World Cup. The company has an overwhelming participation at ‘Cityscape 2013’ which is set to open today at the Doha Exhibition Centre, a press statement said yesterday. On the occasion of the company’s participation in ‘Cityscape 2013’, Sheikh Dr Khaled bin Thani bin Abdullah Al Thani, Chairman of Ezdan Holding Group, said: “Ezdan Group is continuing its plans, aimed at achieving the highest growth rate in the local market as interactive participants in the expansion of Qatar.” Sheikh Khaled added: “Our vision is to grab investment opportunities to achieve best returns for our shareholders and support development plans and social responsibility in Qatar.” Ezdan Holding has participated in countless key projects among which were the huge developments for the Asian Games in 2006. The company continues its participation in the nation’s expansion via the preparations being made to host the World Cup in 2022. Khaled said: “Ezdan increased its net profit from QR345m in 2011 to QR408m in 2012, which is equal to an 18 percent increase compared to 2011. In 2013, we had a strong start in the first quarter with a net profit of QR252m. That is an increase of 76 percent compared to last year’s first quarter.” The Chairman said that Ezdan Holding Group’s vision is built on being the pioneer in investment and asset development. It is this mindset that propels Ezdan forward with an unwavering commitment of implementing its successful strategy, which has two crucial points of focus; profit creation on behalf of shareholders accompanied by Qatar’s national vision and development strategy, devised under the wise leadership of the Emir H H Sheikh Hamad bin Khalifa Al Thani, and the Heir Apparent H H Sheikh Tamim bin Hamad Al Thani. “It is a well known fact that the development and sustainable growth that Ezdan Holding has achieved last year has come through investment diversification and the development of commercial malls following us becoming a holding company. This has positively profited the company’s shareholders and has proven that Ezdan’s current success is the outcome of a good strategy, which has harnessed the strength of Qatar’s boom.” Ali Al Obaidili, CEO, said: “Ezdan focuses on local investment to support the expansion that Qatar is undergoing through.” He confirmed that Ezdan has participated in an incredible amount of real estates development through the supply of thousands of accommodation units with rent rates fitting all average incomes. Ezdan is the main partner to the national real estates development through its proven development of housing units. The company also supplies accommodation unites at a luxury range which goes in line with Qatar national vision of 2030. The Peninsula