Nov 03 2011 |
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Barwa and Dragon Mart sign Lease Agreement to open first Chinese Market in Qatar
Doha - Barwa Real Estate, one of Qatar's global leading investment and real estate companies, signed a lease agreement with the Chinese company Dragon Mart to open a market for Chinese products in Barwa 's Commercial Avenue project.
The lease agreement was signed by Abdulla Abdulaziz Al Subaie, CEO of Barwa and Dragon Mart representative, Feng Jiang at a ceremony at Barwa 's headquarters.
The Chinese Market is expected to be inaugurated on 1st March 2012 on Barwa 's Commercial Avenue and is estimated to cover an area measuring 20.965 square meters. Dragon Mart is considered the first of its kind in Qatar and is expected to feature a range of Chinese products, such as, electronics, building materials, sanitary ware and other household items.
Abdulla Abdulaziz Al Subaie, CEO of Barwa expressed his delight on the occasion of signing the lease agreement with the Dragon Mart company. He also stressed that Barwa Commercial Avenue will open a whole range of opportunities for companies, while offering a convenient shopping experience for tenants.
" Barwa Commercial Avenue meets the needs of the Qatari market. Barwa is committed to establishing partnerships with other parties and contribute to the construction boom witnesses by the country, with the aim of working towards achieving the Qatar National Vision 2030", he added.
Feng Jiang, Dragon Mart's representative commended the lease agreement with Barwa . "This step will strongly contribute towards providing the Qatari market with a variety of Chinese products, which is a promising and attractive offer for all", he added.
The Barwa Commercial Avenue project is a new mixed-use development that includes commercial units, retail spaces and residential units. The project expands along 8 square kilometers and is located on Doha's Al Montazah Street, between Mesaimeer Roundabout and the Industrial Area. The project features five major low-rise buildings; Jeerah, Safwa, Jood, Arkan and Sayer, which are expected to accommodate up to 23.981 residents.
Barwa Commercial Avenue covers a construction area of 0.5 square kilometer and 908.239 square meters, while providing 11.600 parking spaces, and 30 Landmarks and Plazas between each of its section.
Barwa Commercial Avenue is expected to be the most consumer-friendly center, enabling visitors to meet all their needs under one roof, while also fulfilling the needs of local, regional and international entrepreneurs and businesses.
-Ends-
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:
Ali Shahin Al Kuwari
Information Officer
Barwa
Real Estate
Phone: +974 44088747
Email: ali.alkuwari@barwa.com.qa
© Press Release 2011
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