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Business / Qatar Business

Barwa signs leasing contract with Ministry of Municipality and Environment

Published: 15 Dec 2017 - 06:51 pm | Last Updated: 09 Nov 2021 - 04:46 pm

The Peninsula

Barwa Real Estate Company, the leading real estate and investment company in Qatar and the region, yesterday announced that it has signed a leasing contract with the Ministry of Municipality and Environment for the rental of two plots of land, with a total area of 1.17 million square metres (to be exact 1,179,114sqm) on Salwa Road for a lease term of 27 years.

The land will be developed into a labour city, taking into account social, cultural and architectural standards that are consistent with the Qatar National Vision 2030.

Gathering all the needed facilities, the city will aim to provide housing for workers of different nationalities and cultures, especially those living in slums.