A newspaper report published by Al Eqtisadiah on 9 May 2010 documents a stage in the professional career of Engineer Mostafa Ragab, the current owner of Z Group. The report identifies him at the time as General Manager of the Engineering Company for Construction and Development.
A residential development in Al Khor, Qatar
The report covered an Istisna financing agreement worth approximately QAR 300 million between the bank referred to as Al Masraf and Al Khor and Dhakhira Projects and Services Company. The agreement concerned a residential complex for Hamad Medical Corporation employees in Al Khor, with construction assigned to the Engineering Company for Construction and Development.
The planned development occupied approximately 100,000 square metres and included 145 villas and 252 apartments in 18 residential buildings. The newspaper also listed a school, nursery, mosque, commercial complex and parking facilities. The announced construction period was 25 months; this was the timetable reported at the time, rather than confirmation of a completion date.
Mostafa Ragab’s role in the historical report
Ragab discussed the company’s participation in the construction agreement and its cooperation with the financing institution. His appearance in this coverage provides a documented reference to his earlier work in residential development.
This archive article presents part of the professional background of Z Group’s current owner. The historical project belonged to the organizations named in the original report and is not presented as a Z Group project.
Historical source: Al Eqtisadiah, 9 May 2010, page 6. The website article date is separate from the original news date. View the original newspaper scan.