Wednesday 21 December 2011

Qatar's Barwa sells Financial District project for $3bn - Real Estate - ArabianBusiness.com

Barwa Real Estate, the Middle East’s biggest property company by assets, has sold the Barwa Financial District to Qatar Petroleum for QR11bn ($3bn), the developer said on Wednesday.
Barwa plans to complete the project and hand it over to the state-owned energy company by 2015, Barwa said in a statement.
Company chairman Hitmi Ali al-Hitmi later disclosed the sale price in comments to reporters in the Qatari capital, Doha, Bloomberg reported.

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