Built to inform

Sign up for the daily newsletters

No, Thank you

Qatar: Barwa signs $165m project finance agreement

The move is aimed at securing finance for a part of its upcoming projects, said a statement from Barwa

This image is used for representational purpose only.
This image is used for representational purpose only.

Qatar-based developer Barwa Real Estate said it has signed a new facility agreement with Qatar International Islamic Bank (QIIB) worth $165m (QAR600m).

The move is aimed at securing finance for a part of its upcoming projects, said a statement from Barwa.

This agreement reinforces Barwa’s strategy of strengthening its financial position by funding the upcoming projects through credit facilities with favorable rates, terms and conditions, it added. 

Most popular

Awards

Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to

Conferences

Leaders UAE 2019: ALEC, CSCEC ME, Arada bosses on diversification
EXCLUSIVE: Kez Taylor, Sachin Kerur, Elie Mrad, and Grigoris Christofides share insights at Leaders UAE
Leaders UAE 2019: Awareness, intent key to cutting contract costs
EXCLUSIVE: Sachin Kerur, Talal Al Gaddah, Walid Soliman, and Rajesh Kumar Krishna share views at

Latest Issue

Construction Week - Issue 749
Sep 15, 2019