Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Barwa plans new projects this year  Join our daily free Newsletter

MENAFN - The Peninsula - 09/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) Barwa Real Estate is planning to launch residential and commercial projects in the current year.



Speaking at company's Ordinary Annual General Meeting Salah bin Ghanim Al Ali, Chairman, Barwa Real Estate said Barwa has an exciting land bank of opportunities which are being assessed to identify the best use of the company's assets with the aim of maximising shareholder value. "As Barwa continues on the path to develop integrated communities, another project that will be launched soon is Fox Hills North located in the city of Lusail. This project once completed will have about 3,000 units," he said, adding that Phase I of this project is Dara, which will be offered to the public this year. "Construction works also expected to start on Barwa Al Doha, which will be developed as a strip retail catering to local merchant traders," he said



Barwa had acquired the strip of land on the eastern boundary of Barwa Village in December 2012, which has good road frontage with high passing traffic and it controls the arrival experience into Barw Village making the land attractive to retail tenants. "During 2014, we are planning to start development of the land as retail space," he said.




"The company is progressing with development of Barwa Al Baraha Phase-2, which is an extension of current Baraha Phase-1. Both phases together will accommodate 53,000 workers and is considered the largest workers accommodation in Qatar and the GCC," he said



He said Barwa Al Sadd Hotel tower, which was sold to Katara Hospitality, is almost complete and will start operations in the second quarter of 2014. Barwa Al Khor residential project consisting of 300 residential apartments and 50 villas for Qatar Shell staff is progressing well and is on target to achieve the contractual completion date of fourth quarter of 2014.



Shareholders discussed the Board of Directors' proposal for profit distribution which recommended a cash dividend of 20 percent from the outstanding share capital amounting to QR2 per share, for profit distribution of the year ended 2013, which was approved by all shareholders

 


The Peninsula




  MENA News Headlines
 Dec 8 2016 - Foreigner ISIS recruiter killed in East of AfghanistanThe Peninsula
(MENAFN - The Peninsula) Kabul: A foreigner militant recruiting for ISIS group was killed during an operation of the Afghan security forces in eastern Nangarhar province. According to the local ...

 Dec 8 2016 - Israeli Forces kill Palestinian in NablusEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Al Quds, 8th December, 2016 (WAM) -- The Palestinian Ministry of Health Thursday announced that Israeli forces have killed a young Palestinian man near ...

 Dec 8 2016 - UAE- ADNOC Distribution opens three new service stations in SharjahEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 8th December, 2016 (WAM) -- ADNOC Distribution has announced the opening of three new service stations in Sharjah, taking the total number of its ...

 Dec 8 2016 - UAE- DEWA launches Excellence Day initiativeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 8th December, 2016 (WAM) -- In compliance with the wise vision of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin ...

 Dec 8 2016 - UAE- MoF organises Fintech workshopEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 8th December, 2016 (WAM) -- The Ministry of Finance, MoF, in collaboration with the Arab Monetary Fund, AMF, has organised a workshop on the ...

 Dec 8 2016 - Dubai Culture discusses possible cooperation with National Library of KazakhstanEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 8th December, 2016 (WAM) -- Opportunities for joint cooperation between Dubai Public Library and the National Library of Kazakhstan were discussed ...

 Dec 8 2016 - UAE Ambassador and Armenian Minister discuss cooperationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) YEREVAN, Armenia, 8th December, 2016 (WAM) -- Dr. Jassim Mohammed Mubarak Al Qasimi, UAE Ambassador to Armenia, and Hranush Hakobyan, Armenian Minister of ...

 Dec 8 2016 - UAE participates in Bali Democracy ForumEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) BALI, Indonesia, 8th December, 2016 (WAM) -- The United Arab Emirates is participating in the Bali Democracy Forum on the 8th and 9th of December with a ...

 Dec 8 2016 - Emirates Soil Museum opens its doors in DubaiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 8th December, 2016 (WAM) -- The International Centre for Biosaline Agriculture, ICBA, and the Abu Dhabi Fund for Development, ADFD, inaugurated on ...

 Dec 8 2016 - UAE- Hedayah, UNDP co-host 3rd annual international CVE Research Conference in JakartaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) JAKARTA, 8th December, 2016 (WAM) -- Hedayah, the International Centre of Excellence for Countering Violent Extremism, and United Nations Development ...

more...


 





Google

PayExpo_MENA
 
 

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

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