01 September 2016

Qatar’s Barwa Real Estate, one of the Gulf Arab state’s largest listed developers, has bought a vacant plot of land in Riyadh for SR659.28 million ($175.8 million).

It did not give the name of the seller of the 2.22-million-sq-m plot.

It said the deal was part of Barwa’s plan to explore potential real estate investment opportunities in the kingdom and that the project would include residential and commercial components.  

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• Rules for real estate funds on way
• Update
• D’Appolonia designs Riyadh heritage hotel
• 3D printing for housing eyed
• HVAC expert offers ‘best solutions’
• Barwa buys $175m plot

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Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.