Barwa Real Estate Group Q.P.S.C. announced that its subsidiary Barahat Al Janoub Real Estate Company signed a lease contract with the Supreme Committee for Delivery & Legacy, with a value of 141,523,200 Qatari Riyals, for the purpose of leasing all housing units in the "Barahat Al Janoub" project (which is currently being developed by Barahat Al Janoub Company in Al Wakra) for a period of 6 months starting from 1st August 2022. The project contains 1,404 fully furnished houses.
It is expected that this contract will contribute in increasing the Group's operating income during the lease term.
It is worthy to note that there is no conflict of interest between the contracting parties.