Real Estate
Qatar Plans $5.5 Billion Development With Disney-Size Theme Park
- Simaisma project to span 3 square miles of beachfront land
- The project will be centered around a large amusement park
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Qatar is starting work on a new 20 billion riyal ($5.5 billion) tourism development that will be centered around a large amusement park that’s poised to be bigger than Walt Disney Co.’s iconic Magic Kingdom.
The Simaisma project will be located about 40 minutes north of the gas-rich nation’s capital Doha and ultimately span 8-million square meters (1,976 acres) along 7 kilometers of beachfront land. The development is also set to include an 18-hole golf course surrounded by 300 villas, luxury resorts, a marina and beach club as well as homes and shops.