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Wednesday, March 11, 2009

Qatar- based Barwa Real Estate Moves into Libya

Barwa is moving further into Africa. It will be espcially especially intersting to see if an covetures ventures with Laaico emerge. The board members on these companies have some interesting affiliations....

-Shimron

Qatar-based real estate company follows Masraf Al Rayan in move into potentially lucrative North African country which is opening up to foreign investors.

Barwa Real Estate, through its international arm, Barwa International, said that that it is in the process of entering into investments and real estate projects in Libya.

The projects will include villas, residential compounds and offices, as well as four-star hotel covering an area of 3000 square meters.

  • Barwa already has interests in North Africa through Barwa Egypt Real Estate, Gulf Company for Urban Development, which it owns 100 per cent of, Gulf Construction Company in which it has an undisclosed share and Qatamiyah Residential City.
  • It was set up in 2005, has over 1100 staff and was created by Qatari Diar Real Estate Investment Company.
  • It also owns 20 per cent of the iconic Shard of Glass Tower in London, which is currently under construction,
  • The Langham Building in the US,
  • A tourist resort in Croatia
  • Monaco Project. Ghanim Bin Saad Al Saad is the chairman, chief executive and managing director.

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