Doha – Qatar is reputed as one of the fastest growing economies on a global scale, boasting the highest GDP per capita in the world. Rich in energy resources, Qatar also has a growing interest in luxury products and lifestyle: the retail sector in Qatar was worth $12.4 billion in 2014, and is considered the most attractive market in the Middle East, ranking fourth globally. United Developers, an ambitious and forward-thinking real estate development company in Qatar, is now strengthening ties with leading brands in Europe to promote the retail market of Qatar and, in particular, its $1.25 billion development project to create a new, large luxury center called Place Vendome in Lusail, Qatar. The project is inspired by the famous Parisian street for luxury shopping, Rue de la Paix, which starts at Place Vendome. The opening is scheduled for the third quarter of 2017, and the project of 800,000 square meters will host two five-star luxury hotels, serviced apartments, a shopping center with 400 different stores and a central amphitheater that will host shows and events. Place Vendome will offer an experience unique in its kind in the Middle East in the fields of fashion, luxury, architecture and design. (9Colonne)
