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FINANCIAL NEWS
Barwa, Pearl sign housing compound deal
30 Mar 2011
(MENAFN) An affiliate of Qatar’s Barwa Real Estate Co, Barwa Al-Khor, revealed signing a leasing agreement with Pearl GTL for a new residential housing compound that would be constructed in Qatar, reported Bloomberg.
Barwa stated that the compound would be used as residential units for the Pearl GTL plant’s employees.
Barwa added that the compound would be a part of the USD8.2 billion Urjuan waterfront development in Al-Khor.
It is worth noting that the Urjuan projecy was suspended back in August, but Barwa announced in January that it would resume works on it.
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