Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Barwa to Sell City Project to Qatari Diar Subsidiary for QR 7.57 Billion  Join our daily free Newsletter

MENAFN - Qatar News Agency - 07/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) r/>Doha May 07 - Doha May 07 - Barwa Real Estate Company has signed a deal worth QR 7.57 Billion (US 2.08 Billion) to sell Barwa City project to Labregah Real Estate Company a wholly-owned Qatari Diar Real Estate Investment Company subsidiary.

The transaction is subject conditions and the purchase price is subject to adjustment according to a statement published Wednesday by Qatar Exchange.

On Monday Qatar's largest listed real estate company said this month it is starting construction work for Package 2 of the second phase of Barwa Al Baraha project.

It is the largest development project for workers living in Qatar.

Package 2 comprises 32 buildings G 3 floors and each building will have 130 rooms that will accommodate 24000 workers. It will also have four dining halls two playgrounds two mosques as well as restaurants and utility shops.

"This is a commitment towards building a society where people from different social backgrounds live in harmony and raising living standards of those with little income" Barwa said.

Measuring approximately 1.8 million square meters Barwa Al Baraha development is designed to serve as an integrated workers' city that will accommodate 53000 workers and employees making it the GCC's largest workers' accommodation.

Barwa is developing the project in two phases.

Phase one focuses on establishing Qatar's largest truck and vehicle parking space while phase two will provide worker and staff accommodation pre-owned car show rooms auctions workshops and stores for truck and machinery maintenance services.

Facilities include a hotel entertainment centre mall laundry health centre mosque Islamic centre police station civil defence centre fire-control centre sports facilities shops restaurants and offices.


 


Qatar News Agency




  MENA News Headlines
 Apr 27 2015 - 10 civilians killed by Houthi shelling in Yemen's TaizzXThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Ten Yemeni civilians were killed and six others injured Sunday in random shelling by Shiite Houthi militants that hit residential areas in the central city of ...

 Apr 27 2015 - Israel foils bid to plant explosives in Golan: ArmyThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Israeli army on Sunday foiled a bid by some people to plant explosives in the occupied Golan Heights on the border with Syria, the army has said."An ...

 Apr 27 2015 - Saudi National Guard troops arrive in NajranThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Saudi National Guard troops have arrived in the southern Najran region to participate in an ongoing Saudi-led campaign in Yemen, Saudi media has reported.The ...

 Apr 27 2015 - National summit on mobile banking in IndiaKNN India
(MENAFN - KNN India) A national summit on mobile banking will be convened with an aim to build a model framework and suggest measures that can be taken to strengthen the technology banking in the ...

 Apr 27 2015 - Hundreds attend funeral of slain Palestinian teenThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Hundreds of Palestinians participated early Monday in a funeral procession of a teenager who was killed by Israeli police two days earlier in East ...

 Apr 27 2015 - Israel detains 10 Palestinians in W. Bank raidsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Israeli army forces have detained 10 Palestinians in overnight raids in several West Bank provinces, the military and eyewitnesses said Monday.The army said ...

 Apr 27 2015 - Israel to build 77 new settlement units in E. JerusalemThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Israeli government has issued tenders for 77 new Jewish-only settlement units in occupied East Jerusalem, an Israeli NGO said Monday.According to leftist ...

 Apr 27 2015 - UAE's wasl, Hilton Worldwide to build Hampton hotel in DubaiMENAFN
(MENAFN) Hilton Worldwide, the American global hospitality company, announced in a partnership with UAE's wasl hospitality and leisure to inaugurate Hampton hotel in Dubai, Arabian Business ...

 Apr 27 2015 - Israeli army mum about reported Syria airstrikesThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Israel's army has yet to comment on reports of its warplanes having carried out air raids on missile launch pads in the Qalamun region between the borders of ...

 Apr 27 2015 - Syria asked PLO to postpone visit over Yarmouk: OfficialThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) A planned visit by a delegation from the Palestine Liberation Organization (PLO) to Syria to discuss the situation of the Yarmouk refugee camp was postponed ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help