Arab Today, arab today qatar\s barwa sells financial district for 3bn
Last Updated : GMT 23:03:59
Arab Today, arab today
Arab Today, arab today

Qatar\'s Barwa sells Financial District for $3bn

Arab Today, arab today

Arab Today, arab today Qatar\'s Barwa sells Financial District for $3bn

Doha - Arabstoday

Barwa Real Estate, the Middle East’s biggest property company by assets, has sold the Barwa Financial District to Qatar Petroleum for QR11bn ($3bn), the developer said on Wednesday. Barwa plans to complete the project and hand it over to the state-owned energy company by 2015, Barwa said in a statement. Company chairman Hitmi Ali al-Hitmi later disclosed the sale price in comments to reporters in the Qatari capital, Doha, Bloomberg reported. The transaction comes amid a slump in the Gulf state’s property market. Rents were the only part of the emirate’s economy to show a price decrease in November, falling 5.7 percent from a year ago, the Qatar Statistics Agency said yesterday. The Barwa Financial District consists of 10 towers, which have an average of 21 to 36 floors and occupy a prominent position in Doha\'s West Bay area. Its centrepiece is its 50-storey high-rise tower, which is set to become one of Doha\'s landmarks as well as an icon of the city\'s skyline. The Barwa Financial District is also expected to be among the first to be certified as a sustainably designed development project in the Middle East. Barwa\'s other flagship projects include Barwa Commercial Avenue, Barwa Al Sadd, Barwa Village, Barwa Al Khor, Masaken Al Sailiyah and Musaimeer.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar\s barwa sells financial district for 3bn Arab Today, arab today qatar\s barwa sells financial district for 3bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar\s barwa sells financial district for 3bn Arab Today, arab today qatar\s barwa sells financial district for 3bn

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday