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Qatar’s Barwa Bank will purchase The First Investor, a Doha-based investment firm, in an all-stock deal. Barwa Bank said the deal, which already has the approval of Qatar’s central bank, would see the lender acquire the share capital of The First Investor in exchange for Barwa stock.

Qatar property firms to merge

Barwa Real Estate, Qatar’s second-largest developer, agreed to buy Qatar Real Estate Investment Co as the slump in real estate prices in the region quickens the pace of mergers in the industry. ‘This transaction will create a company with significant scale and depth across all real estate segments and which will continue to play a […]

French construction firm Bouygues Construction said on Monday it had won a 950-million-euro (1.4 billion-dollar) contract in the Gulf state of Qatar to build an office and shopping complex. It said its subsidiary Bouygues Batiment International would build nine 18-52-storey office towers, a five-star hotel, a shopping mall, a conference center, a mosque and parking […]

The Egyptian unit of Qatar’s Barwa Real Estate BRES.QA will begin building a $9 billion Cairo project in the first quarter of 2010 to tap strong demand for residential property in the north African country. Real estate and construction firms in the Gulf Arab region, especially in the United Arab Emirates, are increasingly looking at […]

$10bn Qatar project on track

Barwa Al Khor, a subsidiary of Barwa Real Estate and a leading Qatari developer, has expressed its confidence on the success of its QR35 billion ($10 billion) Urjuan development project. Ghanem bin Saad Al Saad, chairman and managing director of Barwa Real Estate, said: “The performance of Qatar in every aspect of development amidst the […]