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BARWA SIGNS LEASING CONTRACT OF TWO PLOTS OF LAND TO DEVELOP A LABOR CITY

Barwa BRES -0.72% 2.76 -0.02
Barwa Real Estate Company announced that it has signed a leasing contract with the Ministry of Municipality and Environment for the rental of two plots of land, with a total area of 1,179,114 square meters on Salwa Road for a lease term of 27 years. The land will be developed into a labor city, taking into account social, cultural and architectural standards that are consistent with the Qatar National Vision 2030. Gathering all the needed facilities, the city will aim to provide housing for workers of different nationalities and cultures, especially those living in slums.

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