BARWA PLANS RESIDENTIAL UNITS
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.