ADMARES to Deliver 16 Solar-Powered Floating Hotels to Qatar

In preparations to host the 2022 FIFA World Cup, Qetaifan Projects, a Katara Hospitality owned company, entered into a memorandum of understanding (MoU) with ADMARES, an alternative real estate company, for sixteen solar powered floating hotels to serve its tourists and fans.

Qetaifan Projects continues its series of local and international partnerships that would add to Qetaifan Island North and serve the tourism, hospitality, and entertainment sectors in Qatar.

As per the MoU signed, ADMARES will construct and operate these hotels on the shores of Qetaifan Island North to provide accommodation for the masses within the fan villages during the 2022 World Cup.

On signing of the agreement, H.E Sheikh Nasser bin Abdulrahman Al-Thani, MD of Qetaifan Projects and VC of Katara Hospitality expressed his happiness in attracting investments in the country and said “we are pleased that there are investors who share our vision and see the development of Qetaifan Island North as a promising project that has a future as the first touristic destination in Qatar. This indicates the aspiration of investors in the returns due to the safe and secure climate achieved by the state to encourage and attract foreign investment and create new opportunities, which will reflect positively on the local market, encourage competition, and stimulate the state sectors in all fields, especially with the recent developments witnessed within these sectors.”

The signing of the MOU between the two companies will deliver sustainable solutions with minimum ecological impact as the hotels will be built according to the strictest energy standards – for instance the hotels will rely on solar energy.

“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,” said Mikael Hedberg, CEO of ADMARES.

Hedberg further added that “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.”