Barwa Real Estate to Sell $7.1 Billion in Assets
Qatari Diar, a sovereign wealth enterprise of the Qatar Investment Authority, is looking to purchase 26 billion Qatari riyals (US$ 7.1 billion) worth of assets from Barwa Real Estate. Established on November 15, 2005, Qatari Diar owns 45% of Barwa Real Estate. In terms of real estate development, Barwa Real Estate is the biggest listed real estate company in Qatar.
Barwa Real Estate is looking to reduce debt, some of the assets to be sold include:
Asset sales will be finalized by the end of 2013.
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