Mar 30 2011 |
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Barwa Presents Commercial Avenue to Business Community
Doha, 30 March 2011: Barwa Real Estate hosted a dinner at the Four Seasons Hotel in Doha on 28 March to present the Barwa Commercial Avenue development to an invited audience of business owners, entrepreneurs and investors. All invited senior officials, investors and entrepreneurs attended the event. The Chairman of Barwa Real Estate , Mr Ghanem Bin Saad Al Saad, and a number of senior representatives of Barwa Real Estate and other group companies involved in the project headed the reception ceremony of guests.Mr Ghanem Bin Saad Al Saad said: "This extraordinary project was initiated back in 2008 as a direct response to Qatar's booming economy and since inception, and as adoption to a unique approach of horizontal urban development to establish new urban and developmental communities. Stretching over eight kilometers, extending over one half million of land and yielding over one million square meters of built-up area, Barwa Commercial Avenue is a record-breaking project in terms of being constructed by a single developer and it is undoubtedly a symbol of things to come in Qatar. Anyone who drives in the area surrounding Barwa Commercial Avenue would realize how this mixed use development transformed and shaped the entire landscape of Ain Khaled area into a new dynamic context and planted the seed of having a vibrant commercial and residential precinct served with world class infrastructure and accessible through a super roads network with more than 60% of completion."
He added: "As the largest listed real estate company in Qatar we also aim to deliver sustainable high returns to our shareholders over the long term. At the same time, Barwa aims to support the sustainable growth of Qatar and build its future by investing in businesses, services and expertise both locally and internationally. Both strategic goals are interwoven together in an integrated manner."
As a Barwa property it will benefit from the same level of maintenance and high quality construction and fit out that our other developments have become well known for. The 1st phase of Barwa Commercial Avenue is scheduled to be completed by mid-2012.
About Barwa Group:
BARWA is one of Qatar's leading real estate and investment companies, established in 2005 with the mission of contributing to the sustainable growth of Qatar by investing in businesses, services and expertise. With business interests in real-estate, infrastructure, business services and financial services, BARWA's drive and determination comes from working in tandem with the Qatari Government's overarching development plan, the Qatar Vision 2030, which stresses human, social, economic and environmental development.
BARWA aims to be one of the most successful real estate and investment companies in the world, with a home in Qatar and a business operating around the globe.
BARWA's flagship projects include: Barwa Financial District, Barwa Commercial Avenue, Barwa Al Sadd, Barwa Village, Barwa Al Khor, Masaken Al Sailiyah and Musaimeer. Supporting these projects are specialized centers of excellence providing project management, development management and asset management services.
www.barwa.com.qa
For further information, kindly contact:
Alaa Al-Assuity - Media Specialist - BARWA
Tel: +9744088897
Email: a.ibrahim@barwa.com.qa
© Press Release 2011
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