Qatar's Barwa looks for real estate investment opportunities in Saudi Arabia

Posted on 4th August 2016

Qatar's Barwa Real Estate, one of the Gulf Arab state's largest listed developers, said on Monday it had bought a vacant plot of land in Riyadh, Saudi Arabia, for SR659.28 million ($175.8 million).

It did not give the name of the seller of the 2.22-million-sq-m plot, according to Tradearabia news report.

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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