Once completed, the project will include 1,165 residential units in addition to green spaces and a community club.
Qatar Islamic Bank acts as the Investment Agent for the facility and is joined as a participant by ABC Islamic Bank, Ahli United Bank, Arab Banking Corporation, First Gulf Bank, and National Bank of Abu Dhabi. QInvest acted as financial advisor to Mazaya Qatar and as sole bookrunner.
Joseph Al Hamod from Mazaya Qatar Real Estate Development Company, stated, "The Sidra Village Residential Project is a key project for us and K&L Gates played a critical role in enabling us to meet our objective in securing funding."
K&L Gates Doha counsels Kathleen Bradley and Kirk Durrant, Doha partner Amjad Hussain, and Dubai partner Natalie Boyd represented Mazaya in this transaction.
Kathleen Bradley commented, "We are delighted to have assisted Mazaya Qatar to close this transaction for the financing of one of their landmark projects in Qatar. We expect to see Mazaya Qatar playing an increasingly prominent role in the important Qatar real estate sector as Qatar reaches to meet its National Vision 2030 objectives."
Source: http://www.ameinfo.com/kl-gates-advises-mazaya-qatar-real-319857
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