Barwa Real Estate announces launch of US$ 337 mn commercial development project at Doha
Posted on 3rd November 2014
Qatar based developer Barwa Real Estate has announced the launch of a QR 500 million (US$ 137 milion) commercial project in Doha. The scheme titled, Alaateda (mechanical machinery in English), is in response to a shortage of commercial units in the country caused by the demolition of old souqs and private ownership of their surrounding plots, according to a statement by the firm.
Acting Group CEO Eng. Ahmad Abdulla Al Abdulla and executive directors of Barwa, said it had appointed Promontorio as engineering consultant and expects to have a contractor on board during Q2 2015.The project on the A-Ring Road-Rawdat Al Khail is schedueld for completion in early 2017.
It consists of five connected buildings, G+1, each floor includes a mezzanine. Barwa said the buildings have been designed in a flexible way to adjust with any future plans of expansion. The commercial activity differs from one building to another, selling electronics, cars accessories, handcrafts, jewellery, furniture, textiles and fashion. While the last building is allocated for entertainment, video games, restaurants and a hypermarket.
The project has a 1,500 parking capacity. Units range in space between 70 to 80 square meter, and every commercial unit includes a multi-use mezzanine, covering 60% of the total space, to serve the needs of merchants.
Al Abdulla said: "Alaateda is a name which might not relate to the project for the first instance. The project name, however, is closely related to its location, which importance might be recognised by older Qataris who used to know the area and the kind of commercial activity which used to run there. The land plot, on which the project will be constructed, used to gather all the central workshops of mechanical machinery, which ownership belonged to the government at that time. Through its project 'Alaateda', Barwa aims to revive the spirit of the area, not only through its name, as the interiors of the project will also reflect the spirit of the old Alaateda."
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