The company is also developing schemes in countries including Egypt and Vietnam. In London, it is developing East Village, built from the Olympic AthletesВ’ Village, in a 50:50 joint venture with the UKВ’s Delancey. Qatari Diar has expanded into several new markets, most notably with its estimated $700m investment in the CitењњenterDC project in Washington, its first major foray into the US property market, in 2011. The $5bn development of LondonВ’s former Chelsea Barracks is an example. In addition to its central role in QatarВ’s expanding property market, Qatari Diar has been raising its international profile in recent years by taking on several high-end real estate schemes in prime locations. Qatari Diar is also developing the Doha Convention Centre & Tower project, which consists of a 104-storey tower, a 100,000-square-metre convention centre and other amenities. These include the Lusail City scheme, which covers a total area of 35,000 square kilometres to the north of Doha and which will contain housing, tourist attractions and the main stadium for the 2022 World Cup. At home, the firm has acted as the master planner and developer on several major projects designed to increase the volume and variety of accommodation available and to raise the international profile of the country. Qatari Diar is best known for its luxury real estate schemes, both locally and internationally. Qatari Diar has been raising its international profile by taking on high-end real estate schemes in prime locations In 2013, the mining and quarrying sector, including oil and gas, contributed QR148.4bn ($40.8bn) to QatarВ’s GDP, according to the Ministry of Development Planning & Statistics. Due to its vast gas resources, the state enjoys enviable hydrocarbon revenues. Qatari DiarВ’s financial position is underpinned by its status as a government-backed company. Under QRDC, Qatar Railways Company ( Qatar Rail) is overseeing the development of QatarВ’s $35bnВ rail network. In 2009, Qatari Diar formed a joint venture withВ GermanyВ’s Deutsche Bahn to establish the Qatar Railways Development Committee (QRDC). One of its largest projects undertaken to date is the Barwa Financial District, located in the West Bay area of Doha and which it sold to Qatar Petroleum in the fourth quarter of 2011 for an estimated $3bn. BarwaВ’s core business activities include property development, brokerage, appraisal, property management and property investment. It signed agreements with GermanyВ’s Hochtief in 2008 and FranceВ’s Vinci Construction in 2010.ДЄn important local subsidiary is Barwa Real Estate Company, in which Qatari Diar holds a 45В per cent stake. Qatari Diar has formed several joint venture construction and facilities management firms. One of its biggest projects is the Lusail City development in Doha, which is designed to house up to 200,000 residents when completed. The firm has a portfolio of 50 projects in 29В countries and employs 350 people worldwide. Since its launch, Qatari Diar has built up assets worth more than $35bn through investments in the real estate and banking sectors, in part by taking strategic stakes in other real estate developers and facilities management companies. Its remit was to invest in and develop real estate schemes and social and community projects. Web: Qatari Diar Real Estate Development Company (Qatari Diar) was establishedВ in 2004 by sovereign wealth fundВ Qatar Investment Authority with a start-up capital of $1bn. Group chief executive officer: Khaled al-Sayed Main business sectors: Real estate andВ construction

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