The Energy City Qatar (ECQ) project will be a mixed-use facility, after original plans were changed.
According to The Peninsula, some of the target companies reported lack of interest in dividing the corporate offices from their headquarters has forced ECQ to revise their vision.
There was also ‘huge demand’ from firms not active in the energy markets.
Talking to the paper, ECQ chief execuitive officer, Hesham Al Emadi said: “We are investors and we look for the value of projects and investments. We saw a huge demand from the construction sector and we reconsidered our decision to go for both business and energy sectors rather than solely going for the latter.”
“However, we will be hosting a few energy companies too.”
ECQ had wanted to establish the first energy business centre in the Middle East.
Reports now suggest that the occupants will be organisations primarily connected to the energy business, although it is likely that companies in a secondary or tertiary role will also have a presence at ECQ.
Al Emadi said that 15 real estate organisations will be headquartered at the project, alongside four leading information technology firms, while a number of leading bank branches and insurance firms will take up residence.
Despite the changes, work is still on track, with the project set to open on schedule.
“We have now finished the infrastructure phase and are focusing on the project development stage,” commented Al Emadi.
“We see a lot of development in the coming years. We have a target to complete the project in next five years and be operational by 2018.”