QIMC's iconic towers to be completed by 2020

20/10/2017 10:57 AST

Abraj Al Tahwiliya', Qatar Industrial Manufacturing Company's (QIMC) mixed-use development, is set to be a vibrant new addition to Doha's iconic Corniche skyline, which is expected to be completed by late 2020.

Currently in the construction phase, Abraj Al Tahwiliya is located in the West Bay business section of the Corniche and will breathe new life into the area with residential and retail activities in a space otherwise dominated by offices.

Abraj Al Tahwiliya consists of three towers joined at the base totalling almost 120,000 sqm, including underground parking. Each of the three towers will be of different size and different use. The exclusive 29-storey residential tower with terraces will offer sea-views of the Corniche to residents for the first time, and comes with a range of amenities including a spa, gym and swimming pool. The 23-story second tower consists of office spaces, and the third 38-story tower will comprise of 350 luxury hotel apartments.

Linking together at the base is a 5-storey podium designed for retail activities which will welcome the public to shop, dine and relax by the Corniche, and comes with ample parking. Abdul Rahman Al Ansari (pictured), CEO of QIMC, said: "QIMC was blessed with land on Doha's Corniche which we are making best use of by developing Abraj Al Tahwiliya in partnership with leading international and local consultants. This development will also include the home of QIMC's new headquarters, and our core business remains as it is"


The Peninsula

News

IQ net profit grows almost 12% to QR3.3bn

13/02/2018

Industries Qatar (IQ), one of the region's industrial giants with interests in the production of a wide range of petrochemical, fertilizer and steel products, reported a net profit of QR3.3bn and ear

The Peninsula

Qatar Industrial Manufacturing Company records QR206.1m net profit for 2017

12/02/2018

Qatar Industrial Manufacturing Company (QIMC) has posted a net profit of QR206.1m for the year ended December 31, 2017, up from QR193.8m reported a year ago. The total equity of the company's shareho

The Peninsula

QIMC acquires UDC stake in Gulf Formaldehyde

11/10/2017

Qatar Industrial Manufacturing Company (QIMC) yesterday announced its acquisition of United Development Company's (UDC) stake in Gulf Formaldehyde Company (GFC). As per the deal, the UDC will sell it

QNA

Most Viewed Companies

Ticker Price Volume
NAYIFAT 13.94 229,739
RIBL 24.84 6,676,931
ABC 0.35 370,000
DIC 2.07 2,049,713
ALRAJHI 85.00 7,711,297
A.OTHAIMMARKET 11.90 545,416
ZAINKSA 10.82 1,868,409

Valuation

QIMD Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ALPHADHABI 12.04 0.10 (0.83%)
IQCD 13.30 0.09 (0.68%)
ADNOCLS 5.40 0.01 (0.18%)
ADPORTS 5.04 -0.10 (-1.95%)
MPHC 1.63 0.00 (-0.13%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap