Barwa Al-Sadd, a top-end commercial and residential development, is expected to be completed on June 18, ahead of schedule, the company said yesterday.
To assess the progress made by the project, Barwa chairman Hitmi bin Ali al-Hitmi, accompanied by Abdulla Abdulaziz al-Subaie and Khalid Mubarak al-Dulaimi, board members and some senior management executives visited the project yesterday.
Barwa Al-Sadd covers an area of 27,654 sq m, being developed on the Suheim bin Hamad Street (C Ring Road) in Doha. The project consists of three office towers - two of 21 floors and the other of 18, and a five-star hotel with 238 rooms and suites.
All of these surround a four-level podium, two floors of which are dedicated to retail shops and the remainder being for office space.
The project also includes three 10-storey apartment buildings, a three-storey recreational building, three level basements, a five-storey car park that will accommodate a total of 1,736 cars and a utility building.
Al-Hitmi said: “I am keeping an eye on our projects progress through the periodic reports and updates, but site visit is important to see the works completed. I am really proud of the project, the project team and other Barwa projects teams.”
Barwa is set to move its headquarters to the new complex in the first quarter of 2012.
The company said its other projects are progressing well. Barwa City is now 78% complete, built on a sprawling 2.7mn sq m plot in Mesaimeer and being developed in two phases.
The first phase costing of over QR7.1bn is expected to be completed by the end of 2011. This phase of the development includes the construction of 128 residential buildings that will offer 6,000 apartments to accommodate up to 25,000 people.
Ready for occupancy by the middle of 2011, this will also include schools, kindergartens, mosques, a bank, a health club, food and sports courts, a shopping mall and multipurpose hall and other amenities.
The development will also include district cooling for cold water and climate control and LPG for cooking. The second phase will include major additional projects including more schools, a 250-bed hospital, kindergartens, residential and commercial complexes, and a hotel.
Barwa Commercial Avenue, which is 65% complete is a ground-breaking 8km-long mixed use development close to Qatar’s industrial area that will offer 547 retail spaces and 460 residential units and offices with a total built-up area of 1mn sq m. Spacious public areas will have food courts, groceries, pharmacies, restaurants, shopping malls, and other amenities. Set to be completed in the second quarter of 2012, the QR7.1bn Commercial Avenue has targeted Qatar’s young entrepreneurs and investors with its modern and flexible design.
Barwa Real Estate recently inked a framework agreement with Qatar Petroleum (QP). The Barwa Financial District (BFD) Company will develop its iconic project to become QP’s headquarter complex. Upon completion, BFD will transfer ownership to QP, who will own and occupy the development. The deal will see Barwa Real Estate delivering a turnkey scheme for Qatar Petroleum, enabling QP to commence operations with effect from the first day of delivery.
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