BARWA PLANS RES­I­DEN­TIAL UNITS

Qatar Today - - BUSINESS -

Over 12,000 hous­ing units, a mo­tor city, and com­ple­men­tary com­mer­cial and re­tail spa­ces will be the fo­cus of Barwa Real Es­tate Group over the next five years.

The com­pany said that it would in­vest over QR15 bil­lion in a phased man­ner. The projects re­lated to res­i­den­tial con­struc­tion would be aimed at ad­dress­ing the grow­ing de­mand for af­ford­able ac­com­mo­da­tion across the coun­try. “We are go­ing to sign agree­ments with Manateq (Eco­nomic Zones Com­pany) within two weeks to de­velop a ware­hous­ing com­plex spread over 250,000 square me­tres along with all the sup­port ser­vices, an­cil­lary build­ings and other com­ple­men­tary in­fra­struc­ture,” said Sal­man bin Mo­hammed Al Muhan­nadi, CEO, Barwa, dur­ing a press con­fer­ence ear­lier this month. Al Muhan­nadi also said that the se­quence of projects this year was quite heavy and that most of them would be re­lated to hous­ing fa­cil­i­ties. “Manateq will be fol­lowed by the im­ple­men­ta­tion of Mo­tor City (Mad­i­nat Al­mowatir), Dara-A (res­i­den­tial project in Lu­sail City), Barwa Vil­lage ex­pan­sion, and Barwa Al Doha projects,” added Al Muhan­nadi.

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