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|| Qatari Diar purchases marina in North Eastern Spain

qatari-diar.jpgQatar investment firm Diar Real Estate Investment has announced the purchase of the Port Tarraco Marina in North Eastern Spain.

The high-end Port Tarraco Marina is located in Tarragona, Spain, approximately 95km south of Barcelona, and will offer deep water berthing for large yachts. Qatari Diar is currently involved in more than 35 projects in 20 countries around the world.

Qatari Diar is listed in the Middle East Investors Directory with the code BFD107.

More details follows

QATARI DIAR Real Estate Investment Company, an international leader in sustainable development, announced today the purchase of the Port Tarraco Marina in North Eastern Spain through its subsidiary Qatari Diar Marina Tarragona (QDMT).

The high-end Port Tarraco Marina is located in Tarragona, Spain, approximately 95km south of Barcelona, and will be one of the few existing marinas of its kind in the western Mediterranean to offer deep water berthing for large, sophisticated super, mega and giga yachts.

"We are thrilled to be investing in the western Mediterranean's marina industry, one of the most mature in the world. With our international experience and the expertise of our world-class partners, MB92, we expect the Port Tarraco Marina to become one of the top year-round marina destinationsfor yachts in Europe and the Mediterranean," said Eng. Mohammed bin Ali AlHedfa, Group CEO of QATARI DIAR.

Located on Spain's Costa Dorada, or "Golden Coast," the marina offers visitors a chanceto explore the rich local Catalonian culture, visit the area's many beaches, or travel to nearby mountains for hiking or skiing. The marina is positioned in close proximity to a large capacity airfield and is centrally located for immediate access toall major cruising destinations in the Western Mediterranean. It is exclusively designed to provide large yachts with the best possible services and facilities, and boasts an array ofleading amenities and excellent accessibility.

QDMT is a joint venture between QATARI DIAR and MB92, a Barcelona-based operator of marinas, with 95% representation by QATARI DIAR and 5% by MB92. The purchase was made from vendor International Marina Tarragona S.L., a Spanish marina operator.

Wholly owned by the QatarInvestment Authority, QATARI DIAR Real Estate Investment Company was established in December 2005 to support Qatar's growing economy and to co-ordinate the country's real estate development priorities. QATARI DIAR is currently involved in more than 35 projects in more than 20 countries around the world.



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