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Barwa International commences investments in Sudan
- Qatar: Wednesday, May 07 - 2008 at 16:25
- PRESS RELEASE
Barwa International Company, the global arm of Barwa Real Estate Company, has bought a large land in Sudan for developing a commercial and residential project.
The plot admeasures 3m sqm and is located in Al Jazeerah state, one of the largest states in Sudan, on the main road leading to the centre of Khartoum. Besides, it is only 30 minutes drive from Khartoum international airport.
Mr. Ghassan Abdullah Albinali, chief executive officer of Barwa International, said the company had launched the Sudanese project after studying the local market and the need for integrated real estate projects in that country.
The company examined more than one plot but settled to choose this land in particular because of its numerous merits, some of which are being close to the capital, the international airport and being close to modern public compounds.
Mr. Albinali added: "The acquired land had all the necessary clearances for starting the project this is along to other economical advantages. In addition, the licenses given include establishing a hotel, hotel apartments, an international school and a university for post graduate studies. Also, there will be villas, residential complex, offices and a commercial complex."
Mr. Albinali clarified that the Company started setting up the general plan for the project with the assistance of companies with international experience. He added: "We expect the project's general plan will be licensed by the concerned entities before the end of this year. This shall be followed by starting with the project's infrastructure, building models of villas, and other buildings planned in the project."
Albinali also announced: "The Company established Sudan Barwa Company for the purpose of investing in Sudan. The company will also open an office in Khartoum."
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Notes and media contacts
Contact: Heba Al AyoubiDirect line: 04-3060419
About Barwa International:
Barwa International is the international arm of Barwa Real Estate, a leading real estate company in Qatar, which has executed many mega projects in Qatar, GCC and Egypt. Its lists of local projects include Barwa Al Khor, Barwa Housing Programme, Barwa Doha, Barwa Financial District, Barwa City, Barwa Al Qassar, Barwa Al Barah, Barwa Commercial Street and the Exhibition Centre. The company is currently building the tallest tower in Qatar. Barwa International's portfolio includes many European countries such as the UK, France, Germany and Switzerland in addition to other developments in other parts of the world. Also, the Barwa Real Estate Bank was recently established to help Barwa execute its huge real estate and construction projects and is considered to be Qatar's first bank dedicated to the real estate and construction industry.
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Posted by Lara Lynn Golden, News Editor
