Mozoon Real Estate, a subsidiary of the Qatar General Insurance and Reinsurance Company, has completed the initial designs of the ‘Mozoon Towers’ project, according to a report.

The firm has appointed General Real Estate Company (GREC) to manage the project, which will be located in Al Dafna area and will comprise four hotels and apartment towers and quality retail space, said the Peninsula report.

Oberoi and Marriot will operate the hotels and serviced apartments in this complex, the firm was quoted as saying in a regulatory filing with Qatar Exchange (QE).

GREC recently awarded the enabling works package to ‘Bauer,’ which will commence the works this month, it added.