Qatar-based developer Barwa Real Estate said it has signed a new facility agreement with Qatar International Islamic Bank (QIIB) worth $165m (QAR600m).
The move is aimed at securing finance for a part of its upcoming projects, said a statement from Barwa.
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, it added.
Trade Arabia
25 October
