By Satish Kanady
DOHA: Barwa Real Estate has announced the purchase of a vacant land plot of 2,216,060sqm in Janadriyah area in the city of Riyadh of Saudi Arabia for a total value of over SR659m.
The deal is aligned with Barwa’s five-year plan, and lined with Barwa’s previous announcement for exploring the potential investment opportunities of real estate market in Saudi Arabia, that supports the Company’s land bank and increases the shareholders’ sustainable return, a regulatory filing to Qatar Exchange (QE) noted.
The master plan shall include full residential and commercial district. Barwa aims to construct the infrastructure works of Project’s Master Plan within the fourth quarter of 2018.
Barwa stated that there is no conflict of interest between the parties involved in this deal.
The Peninsula
By Satish Kanady
DOHA: Barwa Real Estate has announced the purchase of a vacant land plot of 2,216,060sqm in Janadriyah area in the city of Riyadh of Saudi Arabia for a total value of over SR659m.
The deal is aligned with Barwa’s five-year plan, and lined with Barwa’s previous announcement for exploring the potential investment opportunities of real estate market in Saudi Arabia, that supports the Company’s land bank and increases the shareholders’ sustainable return, a regulatory filing to Qatar Exchange (QE) noted.
The master plan shall include full residential and commercial district. Barwa aims to construct the infrastructure works of Project’s Master Plan within the fourth quarter of 2018.
Barwa stated that there is no conflict of interest between the parties involved in this deal.
The Peninsula
