- In preparations to host the 2022 World Cup, Qetaifan Projects, a Katara Hospitality owned company signed a memorandum of understanding with Admares;
- The Finnish company is world leader in alternative real estate with pioneering construction method;
- The Memorandum of Understanding includes the construction and operation of 16 floating hotels on the shores of Qetaifan Island North.
The hotels have a unique design, 72-meter-long and 16-meter-wide (236-feet-long and 52-feet-wide), each consisting of 101 guest rooms, a restaurant, and a lounge bar. All of the 16 four-story hotels will be identical, offering a total of 1616 floating hotel rooms.
“This is the first time ever that pure floating real estate has been used as a temporary solution for accommodation needs at this scale. These hotels do not require major ports and deep water as their draft is significantly less than large cruise ships,” says Mr. Mikael Hedberg, CEO of ADMARES.
He added “after the World Cup, the hotels can be placed at any coastal location where the water is at least 4 meters (13 feet) deep. We are excited to be part of the solution for the amount of accommodation needed for the FIFA World Cup 2022.”
Qetaifan Island North, located off Lusail City, spans approximately 1.3 million square meters (4.7 million square feet) with 830,000 square meters (2.7 million square feet) of attractions, featuring seven beaches; making it the city’s main waterfront destination.
What does Admares
Admares is a world leading alternative real estate company, providing pioneering construction methods that combine cutting-edge marine, offshore, land and modular construction techniques.
Their innovative floating, or pile-supported structures create new valuable real estate on water. In addition, company’s innovative approach extends to cutting-edge land construction solutions.
Whether for new construction or property extensions, the company turnkey modular construction and pre-assembly solutions allow the majority of the construction and outfitting to take place off-site. By minimizing disruption and greatly reducing on-site construction time frames, the company delivers powerful commercial advantages to clients.