Barwa Real Estate Company announced the signing of a contract to construct a new labor city with INSHA Co.-W.L.L. The contract value amounts to QR 1,295 million with a construction duration of 12 months.

The project comes as part of the Qatari government efforts to improve the housing standards of workers and meet the needs of the local market in line with the objectives of the Qatar National Vision 2030 and Qatar's preparations for hosting the 2022 World Cup.

Occupying an overall area of 994,567 square meters on Salwa Road, the project includes the construction of 3170 residential houses, each comprising of 8 rooms, 8 bathrooms, and a kitchen, in addition to retail shops and mosques with a total building area of 730,728 square meters. Moreover, the construction will include all the infrastructure works consisting of 25 power substations, internal roads, and potable water, fire, irrigation and sewage networks as well as surveillance cameras. An adjacent land plot of 183,538 square meters was allocated as parking lots for buses, in order to reduce traffic congestion within residential areas. 

It is worth mentioning that there is no conflict of interests between Barwa Real Estate and any other parties in this transaction.