Mubasher TV
Contact Us Advertising   العربية

Barwa to launch construction works of “Madinatna” & “Barahat al Janoub” and awards Ucc to implement project

Barwa BRES -1.97% 2.94 -0.06
Barwa Real Estate will launch the construction works for two new projects on two land plots in AlWakrah City rented from State Properties Department, The first is “Madinatna” project, which is a residential city for families, and the second project is “Barahat Al Janoub”, workers accommodation, the launch will take place during an official ceremony Today Sunday 25th Oct in the project site of “Madinatna”. 
During the launch ceremony, UrbaCon Trading and Contracting will be officially awarded the construction contract for developing both projects. 
Barwa upcoming projects aim to provide high standards of living to the different segments in the community, among modern integrated residential cities.
The contract value is 5,010,065,650 Qatari Riyals (Five Billion Ten Million and Sixty-Five Thousand, Six Hundred and Fifty Qatari Riyals), and the construction works for the two projects to be completed in May 2022. It is expected that the two new projects, upon their completion, will contribute to increasing the group’s operational revenue and promoting sustainable growth of shareholders’ returns. It should also be noted that there is no conflict of interest.
“Madinatna” project extends over an area of 1,141,689 square meters with capacity of approximately 27,000 people. The project will provide a hypermarket, retail stores, mosques and other public utility services, bringing the total built-up area to approximately 1,035,554 square meters.
While “Barahat Al Janoub” extends over a land of 773,457 square meters, with capacity of approximately 67,360 workers. The project provides a hypermarket, retail stores, mosques and other public services and facilities, bringing the total built-up area to approximately 750,742 square meters.

Comments