GulfBase Live Support
13/07/2016 07:38 AST
Barwa Real Estate yesterday announced that the QR99.85m construction contracts for Phase I of Madinat Al Mawater project had been awarded to Doha-based INSHA Co. The works would be completed in 12 months.
The project is located at the intersection of Rawdat Rashed Road and Salwa Road. On completion, Phase I will serve as a hub offering services such as sale, purchase, and maintenance of used vehicles in the country.
Construction of Phase I will be on a 215,677 sqm plot. This will include 60 car showrooms with a total area of 18,506 sqm, 176 residential apartments with a total area of 14,191 sqm, and 10 commercial shops and workshops covering 806 sqm, a regulatory filing to Qatari bourse noted yesterday.
Infrastructure for the project will also comprise three electrical substations, internal roads, potable water, firefighting, irrigation, sewage, storm water and CCTV networks, and all related services such as pump rooms and tanks with total built-up area of 34,066 square metres. The project will also house a Woqod petrol station.
Operating in the building and infrastructure sectors, INSHA has developed high-end special projects in addition to constructing commercial and residential buildings, industrial buildings, school buildings, mosques, sports facilities and also does renovation work. The company is known for using its internal resources to handle all types of construction and known for its result-driven approach.
Phase I of Madinat Al Mawater project is among the many new projects planned by Barwa Real Estate in 2016. The company’s goals for 2016 included commencing development of several new projects, mainly Dara A project in Lusail, Phase I of Mustawdaat project and the extension of Barwa village project.
Other plans include completion of Al Khor residential project that consists of 300 residential apartments and 50 villas, and completion of Phase 2 of the Barwa Al Baraha workers’ accommodation, consisting of 16 residential buildings.The company has also plans to create Lusail Golf project’s master plan with a land space of 3.6 million sqm.
The Peninsula
28/02/2018
Qatar’s real estate market is heading to a ‘soft landing’ before taking a turnaround in post 2020, Barwa Real Estate Group CEO Salman bin Mohammed Al Mohannadi (pictured) has said.
Speaking
The Peninsula
11/02/2018
Barwa Real Estate Group has posted a 6% growth in net profit to reach QR1.7bn in 2017, it was announced. The group’s real estate portfolio has grown to include 6,639 housing units, 12,706 worker room
Gulf Times
05/02/2018
Qatar’s Barwa Real Estate and Industries Qatar (IQ) have emerged as top performers among GCC equities during the month of January 2018. Barwa outperformed GCC equities after surging 19 percent, accor
The Peninsula
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News