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By David A. Clarke Jr.
Blame Washington's intelligence failure, not lack of police
Topic - Mohammed Al Saad
An investment arm of oil-rich Qatar is putting up the equity needed to fund the massive CityCenterDC project, officials said moments before breaking ground Monday at the site of the old downtown convention center six blocks from the White House.
Standing on the edge of the long-awaited CityCenterDC real estate project, D.C. Council member Jack Evans joked that he had met with George Washington and Pierre L'Enfant to "talk to them about how to get this done."
Its vice chairman and manager director, Mohammed Al Saad, said the investors were looking to enter the U.S. market and "zoomed in" on the District as a good place to start.
Its vice chairman and manager director, Mohammed Al Saad, said of the project: "Its ambition, scale and profile are commensurate with its status as Qatar's first major real estate investment in the U.S. , and one which I believe will mark the beginning of a long and successful U.S.-Qatari partnership in premium real estate investment and development."