Officials of Alfardan and al khaliji after signing the agreement.
DOHA: Al Khalij Commercial Bank (al khaliji) QSC has inked a deal to finance the Alfardan Properties’ upcoming Kempinski Marsa Malaz Hotel Resort, costing about QR1bn, a press statement said yesterday.
Alfardan Properties, one of the companies under Alfardan umbrella group, is renowned for luxury turnkey residential and commercial developments in addition to five-star hospitality projects such as Kempinski Residences and Suites.
Commenting on the deal, Robin McCall, al khaliji’s Group CEO said: “As the country looks to the future, and continues with its economic growth, companies such as Al Fardan Group Holding will be at the forefront of Qatar’s development. We are therefore privileged to be associated with one of the most ambitious hospitality projects in Qatar – the Kempinski Marza Malaz Hotel Resort.”
Omar Hussain Alfardan, President and CEO of Alfardan Properties and Alfardan Group, added: “The Kempinski project clearly reflects our vision to provide iconic luxury developments focused on superlative hospitality service to Qatar and the region. This uniquely themed hotel resort which we foresee to become a popular destination for international guests visiting Qatar, will truly display the luxury, authenticity and excellence Alfardan Properties is known for.”
The Peninsula
