Qatar’s Barwa Real Estate has won a QR750 million ($206 million) contract from a government firm to build and operate low cost-warehouses, Barwa said on Monday.
The 25-year arrangement was awarded by state-owned Manateq, according to a statement to Doha’s bourse. It did not state how many warehouses Barwa would build but did say the construction would take place within a two-year period. Manateq develops and operates specialised economic zones in Qatar.