Barwa Group Explained

Barwa
Type:Public
Foundation:2005
Location City:Doha
Location Country:Qatar
Industry:real estate
Services:financial services
Assets:QAR 66 billion (Dec 2011)
Parent:Qatar Investment Authority (45%)
Homepage:www.barwa.com.qa

Barwa Group is a real estate company based in Doha, Qatar. Established in 2005, it is listed on the Qatar Exchange, with 45% of its shares held by the Qatar Investment Authority, via its Qatari Diar subsidiary.[1] It is primarily active in real estate development and related financial services. It is Qatar's largest real estate group.[2] It is chaired by Salah bin Ghanim Al Ali.[3]

Projects

Mesaieed

In 2012, Barwa Group launched a construction project in the southern zone of Mesaieed to establish a large tourist resort over an area of .[4]

Mesaimeer

In February 2009, a development project was launched in Mesaimeer, a district of Al Rayyan by Barwa Group.[5] [6] Entailed in the project are 1,000-capacity residential housing units, a supermarket, a nursery, and a mosque; all within a gated compound.[7]

Barwa Al Baraha

See main article: Barwa Al Baraha. Barwa Group launched a project to construct Barwa Al Baraha, a city designed for laborers, in the Al Wakrah (municipality) at a budget of around $1.1 billion.[8] The project was completed in 2010.[9]

Madinat Al Mawater

The Madinat Al Mawater project is located close to Rawdat Rashid area and Salwa Road. The project holds built-up area of around 167,072 square meters, which includes apartments, used-car lots, shops and workshops. The completion of phase one of the project was announced in March 2017.[10]

Other

Barwa has been a sponsor of the Spanish motorsport Addax Team.[11]

Notes and References

  1. Barwa Group, Our Beginning
  2. arabianbusiness.com, 2 June 2013, Qatar's Barwa eyes expansion in US, UK, Turkey
  3. Web site: Barwa - Exchange Profile . Qatar Stock Exchange.
  4. Web site: Barwa to build sea tourist resort in Mesaieed Industrial City. The Peninsula Qatar. 22 March 2012. 16 August 2015. dead. https://web.archive.org/web/20150904002303/http://thepeninsulaqatar.com/business/business-news/188087/barwa-to-build-sea-tourist-resort-in-mesaieed-industrial-city. 4 September 2015.
  5. Web site: Masaken Mesaimeer & Masaken Al Sailiya. Barwa Group. 20 August 2015. https://archive.today/20160505163145/http://www.barwa.com.qa/sites/English/BusinessSegments/QatarRealEstateInvestments/MasakenBarwa/SitePages/Home.aspx. 2016-05-05. dead.
  6. Web site: Residents of Barwa Masaken are all praise. Gulf Base. 25 December 2010. 20 August 2015.
  7. Web site: Masaken Mesaimeer. Waseef. 20 August 2015. 2 December 2020. https://web.archive.org/web/20201202144816/https://www.waseef.qa/en/projects/masaken-mesaimeer/. dead.
  8. Web site: Qatar to build $1.1bn labourer city. Arabian Business. 2 March 2008. 16 August 2015.
  9. Web site: Barwa Village. Barwa. 6 August 2015. https://web.archive.org/web/20151019070541/http://www.barwa.com.qa/sites/English/BusinessSegments/QatarRealEstateInvestments/BarwaVillage/SitePages/Home.aspx. 19 October 2015. dead.
  10. Web site: Phase 1 of Madinat Al Mawater project ready. Qatar-Tribune. en-US. 2019-10-23.
  11. Web site: Abu Dhabi: Barwa Addax team say farewell to GP2 after great work from all team . 2022-05-18 . www.motorsport.com . en.