Qatar, one of the world’s smallest and richest countries, has rushed to the rescue of a planned, two-phased $700 million mixed-use project that has been languishing for the past 10 years in the heart of Washington, DC.

constructionweekonline.com

Qatari Diar Real Estate, the sovereign real estate developer, has agreed to help fund the project but the total amount of that help has not yet been formally disclosed.  The deal is the Arab country’s first foray into U.S. commercial real estate.

(via cesarberos)