Qatari Diar, Qatar private equity and Real Estate firm, and the Cypriot government have agreed to set up a joint venture for the development of a leisure complex in Nicosia, Cyprus, with the initial investment more than $150 million - the Reuters is reporting.
The area for the complex is close to the commercial hub of the capital and is expected to cover 50,000 square meters of construction. The project will include a 5-Star hotel, luxury residential villas and apartments, retail space and office buildings.
Qatari Diar is listed in the Middle East Investors Directory with the code BFD107. The full Reuters story follows:
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