The major Qatari real estate company, Ezdan Holding Group announced the launch of a new company ‘Ezdan World’ that will focus and own projects in the recreation and tourism sector, The Peninsula reported.
The company is already managing operations of the first of its kind entertainment destination in Qatar, the ‘Magical Festival Village’ project in ‘Cultural Village Katara’.
The Village covers an area of 50,000m².
Ali Mohammed Al Obaidli, CEO, Ezdan Holding Group said in a press conference held at Ezdan Hotel, West Bay: “Our keenness to strongly participate in this project stems from a vision based on the integration of sectors in which the Group is pumping investments that target meeting individual needs and supporting domestic sectors that highlight the true picture of Qatar.”
He went on to outline the Group's strategy to serve the community and provide entertainment and shopping in a unique family setting.
He said: “Our participation in this sector is based on our unwavering commitment to our social responsibility to provide adequate and top notch entertainment and tourism hub for the public and honor the country’s social and cultural values.”
The village features a design in which the European countryside architecture is blended with the Qatari culture.