Real estate related news and press releases covering MENA region.
Barwa plans $550m residential community for workers
May 26, 2012
Qatarĺs second-largest property developer by market value, Barwa Real Estate Co plans to award contracts to build a QR2bn ($550m) residential community for labourers within two months, Bloomberg has reported. The community, to be built in an industrial area on the outskirts of the capital, will accommodate 50,000 workers and include residential units, catering facilities, recreational areas, Barwa CEO, Abdulla Al Subai, said. ôWe floated the tender now and we expect to award it in July,ö Al Subai said. The project will be completed ôin phases in the next two years,ö he added.