QATAR - Real Estate & Construction
CEO, Mazaya Qatar Real Estate Development
Hamad Bin Ali Al-Hedfa has been the CEO of Mazaya Qatar Real Estate Development since May of 2013. Previously, he had been Executive Director of The First Investor (TFI), leading sharia-compliant investment banking firms since early 2009. Currently, and along with his new position at Mazaya Qatar Real Estate Development, Hamad is Chairman and Board Member of several companies in Qatar, and worldwide. With extensive experience in the oil and gas industries, he was part of the $13 billion Qatar Gas 2 mega project, where he was responsible for the offshore project’s interface activities dealing with international organizations, governments, firms, and shareholders.
Mazaya Qatar Real Estate Development has always been a regional player in the real estate sector, having brought some of the most iconic projects in the region to Qatar. Soon, hopefully, we will become an international company too. We have investments in Qatar, the UAE, and Lebanon, and are also exploring other opportunities both regionally and internationally.
Mazaya Qatar Real Estate Development has identified the need for an area that Doha currently lacks, namely the construction and building materials market. With all the construction that is happening and will continue to happen in Qatar for FIFA World Cup 2022, and in order to realize the Vision 2030, we believe that a one-stop shop for all related materials is needed. We have studied the market and decided to construct a professional, well-planned shopping mall for the construction industry, with the possibility of residential and personal use, too. Since I came on board, we have decided to add another community-focused aspect to the project, with showrooms located downstairs, and architects, engineers, and design offices upstairs, as well as an area dedicated to students and locals without a platform to establish their own firms. I am working with both government agencies and universities to bring this about.
I am working very closely with the universities, and we plan to hold a competition to establish the logo for one of our projects, using the Qatar Foundation as a platform on which to do so. I am also talking to certain universities about students participating in our projects over the summer break.
Residential demand in Qatar is increasing. Actually, demand in Qatar has always been steady; it has not declined, and that is thanks again to the government’s vision. The government has managed the crisis and the supply and demand situation well. As the government expands its infrastructure and construction projects, there will be an increasing demand for residential units.
Actually, one of my mandates when I joined Mazaya Qatar Real Estate Development was to take it to another level and become an international player. My experience in international business tells me that Mazaya Qatar Real Estate Development can do well in that area. We are now studying opportunities in the region and further afield, and whether these projects come about or not will be a question of due diligence.
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