Mohammed Bin Ali Al Hedfa
Mohammed Ali Al Hedfa is at the tiller of Qatari Diar, the property investment arm of the country’s sovereign wealth fund estimated to hold in excess of $60 billion of assets. As Qatari Diar marks its sixth anniversary, the company is also celebrating the progress being made in infrastructure works at Lusail City, the company’s 38km2 development to the north of Doha.
In June 2013 Qatari contractor MIDMAC, and Turkey’s Yüksel İnşaat, received the $460m in funds from Al Khaliji Commercial Bank necessary for work on Lusail’s 5.2km-long CP4 road development project, set for completion by January 2015.
Hedfa’s mandate is clearly to increase business, as Qatari Diar invests beyond Qatar and the GCC in projects and properties across Europe and the Middle East. Infrastructure works have also recently started, for example, on Qatari Diar’s first project in Central Asia: Diar Dushanbe, a development on the banks of the Gissar Canal, Tajkistan.