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#Qatar: Barwa signs $165m project finance agreement

Wed, 2016-10-26 11:14 — newsdesk

Qatar-based developer Barwa Real Estate has signed a new facility agreement with Qatar International Islamic Bank (QIIB) worth $165m (QAR600m). According to the official statement, the move is aimed at securing finance for a part of its upcoming projects. This agreement reinforces Barwa’s strategy of strengthening its financial position by funding the upcoming projects through credit facilities with favorable rates, terms and conditions.

Source: 

http://www.constructionweekonline.com/article-41379-qatar-barwa-signs-16...