Barwa Real Estate Group announces being selected as Preferred Bidder for the “Qatar Schools PPP Development Program – Package 1” by the Public Works Authority “ASHGHAL”. Under this project, Barwa will be developing eight public schools across Qatar, for the Ministry of Education and Higher Education, as well as maintaining them for a period of 25 years in return of rental income.
This Public-Private Partnership endeavor is the first of its kind in the State of Qatar, and an investment opportunity which brings sustainable long term returns for the group and its shareholders.
Barwa Real Estate Group’s participation in the project remains subject to the finalization of the project agreements with ASHGHAL and the satisfaction of conditions precedent, including financial close.
The contract value and the financial impact will be announced after the commercial close and contract signing.