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Estate. Hochtief has played a key role in the billion<br />

dollar project from the very beginning. Ever since<br />

2008, the Germans have been involved in the planning.<br />

»The first sections of the city will be completed<br />

in the course of 2011«, reports Magdy Youssef, the<br />

project manager responsible for the work. Overall,<br />

however, construction work will proceed until 2020.<br />

In Frankfurt-Sachsenhausen, meanwhile, journalists<br />

are already sharpening their pencils. The architectural<br />

practice of Albert Speer & Partner will<br />

design eight of the twelve planned World Cup stadiums<br />

– but the »Lusail Iconic Stadium«, has nonetheless<br />

managed to land the design services of its highprofile<br />

competitor, Norman Foster. The property<br />

fund Qatari Diar, as the project principal and owner,<br />

will also be involved in building new stadiums, accommodation<br />

and training facilities for 2022, in conjunction<br />

with the Qatari Football Association. Despite<br />

all of this, Lusail does offer billions worth of<br />

business for German companies. The QIA is already<br />

promoting itself as having ICE fast trains in its glossy<br />

brochures – Lusail will one day be linked to the EUR<br />

17 billion railway network that German Rail (Deut-<br />

The Global Charter Broker<br />

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GCC REPORT<br />

sche Bahn) has been commissioned to Katie Holmes<br />

build on behalf of Qatari Diar.<br />

Unlike the prestige project of Masdar now acts<br />

City in Abu Dhabi, however, Qatar is not<br />

angling for world press coverage of its for the Qataris<br />

promised innovations. Though the aim is<br />

for Lusail to rely on an energy mix with a<br />

certain proportion of renewables, there are no exact<br />

figures for this yet. So far the energy concept seems<br />

much less green and ambitious than in the case of<br />

Masdar. And should something go wrong with the<br />

master plan of the QIA through to 2022, the Emirate<br />

still has Al Jazeera in its back pocket. The media mogul<br />

in Doha is also picking up market share outside the<br />

Arab world – with its English language service. The<br />

reporting principle is the same as ever: free and critical<br />

– with the exception of issues that affect Qatar. Whether<br />

these internal rules also apply to QIA projects is<br />

not yet clear. One thing is certain, however, that the<br />

funds company is not involved in the Qatar Media<br />

Corporation run by Al Jazeera. But Hamad bin Thamer<br />

al-Thani, CEO of the corporation, is not only the<br />

namesake of the Emir but also his blood relative.<br />

“Any time you need,<br />

we fly it.”<br />

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