Built to inform

Sign up for the daily newsletters

No, Thank you

Barwa completes sell-off in construction firms

Company raises $18.9mn through sale in Qatari Diar-Saudi Binladin joint ventures

NEWS, Business, Barwa real estate, Doha metro, Joint venture, Qatari Diar, Saudi Binladin Group

Barwa Real Estate has announced that it has completed the sale of its shareholdings in a pair of Qatar-based joint ventures with Saudi Binladin Group.

The company has sold stakes in QD-SBG Construction - the Qatari Diar/Saudi Binladin contracting joint venture working on the Doha Metro Green Line - and in building products company QD-CPC Industries.

It had owned a 21.5% share in both companies alongside Saudi Binladin Group and Qatari Diar - the real estate arm of Qatar's sovereign wealth fund, Qatar Investment Authority.

It had a stake of 21.5% in both firms, which have been sold to Qatari Diar for $18.9mn (QR69mn).

Qatari Diar also owns a 45% stake in Barwa Real Estate.


Most popular


Go for gold at the 15th Construction Week Awards in December 2019!
Winners will be crowned under 14 categories at a gala ceremony in Dubai – are


Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power
Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy

Latest Issue

Construction Week - Issue 742
May 23, 2019