A large marina mall project, being developed in the new Lusail city 23 km north of Doha, Qatar is expected to cost 20 per cent less than the previous estimate of QR1 billion ($274 million), said a report.

Mazaya Qatar Real Estate Development Company, which owns the project, is conducting a new study to determine costs of the planned mall in Lusail, reported Arabic newspaper Sharq.

“There is a new study for the project costs, which are expected to be below previous estimates by around 20 per cent,” the paper said, quoting the company chairman Rashid Al Nuaimi.

Engineering studies will soon be completed and the project will get launched shortly afterwards, it stated.

He said designs for the 57,000-sq-m project had been completed and that it had already been awarded, adding that the contract would be signed shortly.

The project is due to be completed within the next three years, it added.