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Qatar's Barwa wins $206mn warehouse contract

Company secures 25-year agreement to build and operate low-cost warehouses

Barwa will build and operate low-cost warehouses. (Image used for illustrative purposes only)
Barwa will build and operate low-cost warehouses. (Image used for illustrative purposes only)

Company secures 25-year agreement to build and operate low-cost warehouses

Qatar's Barwa Real Estate has announced that it has won a $206mn (QAR750mn) contract from a state-owned company to build and operate low cost-warehouses.

The 25-year arrangement was awarded by Manateq, according to a statement to Doha's bourse.

No details on how many warehouses Barwa would build were provided but it did say the construction would take place within a two-year period.

Manateq develops and operates specialised economic zones in Qatar, with the aim of providing infrastructure to help the development of private sector business, according to its website.

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Construction Week - Issue 747
Aug 03, 2019