DOHA.Diar Real Estate Investment Co. of Qatar has announced reaching an agreement with Bahrain’s Arcapita Bank to establish a joint venture company – Diar Infrastructure Services Co. (“Diar Infra”) – that will specialize in the provision and operation of utilities and infrastructure services. Diar Infra will be established as a Qatari company with an exclusive mandate to develop for all Diar owned, controlled or mandated real estate projects and utility services. These will include district cooling, sewerage treatment and waste management, water desalination and treatment solutions, power generation and energy management solutions, telecommunications, and other infrastructure or utility requirements. Diar Infra’s initial business and immediate focus will be to develop, own and operate the utility requirements of Lusail Real Estate Project and it will extend its offering to other real estate projects in Qatar as well as other countries where Diar owns or develops real estate projects. Arcapita is a leading international investment firm headquartered in Bahrain with offices in Atlanta, London and Singapore. It has so far completed 64 transactions with a total value exceeding $21 billion and has an equity capital base in excess of $950 million. Qatari Diar has invested in over 32 countries, with 60 projects totaling $40 billion, in collaboration with over 125 international companies and offices.

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