Barwa Development Co. penetrates the Real Estate industry, the Qatari property developer of the Al Khor resort mega project yesterday unveiled plan to build a city in the Qatamiyah area in Egypt in cooperation with Egyptian and Gulf investors at a cost of 1.3 Billion $.
Speaking at a workshop held at Marriott Hotel yesterday to promote another project, the Al Khor resort, Ghanem Saad Al Saad, chairman and CEO of Barwa said the real estate company plans to purchase 2,000 acres of land at a cost of 0.9 Billion $ for the purpose. Al Ghanem also said that Barwa Real Estate Company has signed an agreement with a Croatian company to develop a tourist resort in Croatia that comprises a golf course, hotels and villas.
Meanwhile, the first phase of Al Khor resort project involving the construction of the necessary infrastructure will begin in the first quarter of next year, according to officials of Barwa Real Estate Company, the local property developers. Ghanem Saad Al Saad said the first phase of the project would be developed at a cost of 0.3 Billion $ while some 1 Billion $ will be spent for the preparation of the land and ready for construction.
Source: Aljazeera News
As the platform real estate investment search site, Lincom Real Estate Jsc. is a fully integrated real estate investment, recognized in Egypt by industry leaders as the leading real estate network in Egypt known for providing the fastest and best services for those who are interested in Real Estate investment projects and property services. Our extensive list of investment opportunities and properties including apartment, villa, plot of land, building, hotel or new development for sale enables you to search and browse unique properties from across Hurghada, El Gouna, Sahl Hasheesh, Marsa Alam, Sharm El Sheikh, Red Sea Coast and all over Egypt.
© 2005 - 2008 Lincom Real Estate Jsc. All rights reserved.
WARNING: Holding a registration no. 000709, all the information, materials, design and organization of LincomRealEstate.com as an asset of Lincom Real Estate JSC is protected by worldwide copyrights. It’s not allowed to copy, print, republish, modify or use otherwise a legal action will be taken.
"LincomRealEstate.com is designed and structured by Lincom Real Estate."
