Real estate remains a resilient sector despite challenges

Doha, Qatar: Qatar has a unique opportunity to lead the use of artificial intelligence in urban planning and smart cities, enhancing the sustainabilit...

Doha, Qatar: Qatar has a unique opportunity to lead the use of artificial intelligence in urban planning and smart cities, enhancing the sustainability and accelerating its pace.

Speaking at panel discussion entitled ‘Global Real Estate Horizons: Navigating Growth & Demand’ during the Qatar Economic Forum, Minister of Municipality and Chairman of Qatari Diar Real Estate Investment Company, H E Abdullah bin Hamad bin Abdullah Al-Attiyah highlighted how the real estate remains among resilient economic sectors despite the challenges, considering that understanding local culture and consumer behavior is the basis for successful real estate investment.

As far as real estate Qatar, he pointed out that Qatar is the safest country in the world with best schools. “We are building on these values to provide a different and safer lifestyle, and this is what we are showcasing in our smart cities.”

Qatar National Vision 2030 was built on learning from others when it comes to the infrastructure. “We have the best infrastructure in the world. Our infrastructure is the most ready infrastructure to utilise AI because we have all the data. I believe that the Gulf as a whole has a unique opportunity to actually lead in smart cities and use of AI in our urban planning,” Minister Al-Attiyah said.

Replying to query about the US President’s visit in the region, the Minister said, it’s a historic visit; it’s the first time an official state visit of the US President to Qatar. We were very proud of this visit and this highlights the great relationship that we have with the United States and we will continue to have.”