Qatar: Barwa awards $31m contract for Phase 2 of Madinat Al Mawater
Barwa Real Estate has awarded a $31m contract for Phase 2 of its Madinat Al Mawater development in Qatar
Qatar's Barwa Real Estate has awarded a $31m (QAR113m) contract for Phase 2 of Madinat Al Mawater.
The latest contract has been awarded to Doha-headquartered Insha Contracting and Trading Co, which completed the project's initial phase.
With a total built-up area of 35,607m2, Madinat Al Mawater will comprise 59 used-car showrooms, 176 residential units, 10 shops, and five workshops.
Under the terms of the deal, Insha will complete its package of works for Phase 2 of the development within a 12-month period.
Commenting on the contract award, Salman Mohammed Al Mohannadi, group chief executive officer of Barwa Real Estate, said that all stakeholders are committed to completing the development in the shortest possible time.
He also revealed that his group is preparing a market survey to identify the needs of used-car dealers, and that its findings would be implemented during the next phases of the development.
Located on Salwa International Road at the intersection leading to Rawdat Rashid, Madinat Al Mawater is slated to become Qatar's largest hub for the sale, purchase, and maintenance of used cars and spare parts.
In addition to on-site residential units, the development will feature a petrol station, a vehicle inspection service facility (Fahes), mosques, healthcare amenities, and designated areas for auctions and traffic services.