Doha: The Board of Directors of Barwa Real Estate Co, one of Qatar's largest listed real estate companies, has approved the organisation's new corporate strategy and growth plan, built on a platform of disciplined and sustainable growth, a release said yesterday.
The strategy was unveiled yesterday by Barwa Group CEO Abdulla Abdulaziz Al Subaie to Barwa corporate and subsidiary employees in a town hall meeting.
The new corporate strategy will focus on the planning and execution capabilities of the company's core business - real estate development, while optimising and leveraging synergistic businesses that have an appropriate strategic fit.
Barwa's new vision is to be a reliable real estate company recognised for its strong values, excellence and sustainable returns to its stakeholders.
Hitmi Al Hitmi, Chairman of Barwa Real Estate, said: "The vision emphasises our intention to broaden our investment options while maintaining competitiveness in our core businesses in real estate and related services. We will continue to ensure selective diversification in our target markets to accommodate for market volatility."
Over the past few years, Barwa has grown substantially from being a purely real estate-focused company into an international diversified business conglomerate with a multitude of investments in real-estate, infrastructure, business and financial services. "Now we are entering the next phase of growth it is extremely important to consolidate our portfolio and build up the discipline required to focus on sustainable value creation.
Barwa's track record as a successful developer is well established and we are well placed to capitalize on the exciting opportunities that are emerging locally and internationally," Al Hitmi said.
© The Peninsula 2011
