Barwa Al Khor launches US $10bn Qatar project

zoom

The Urjuan development in the Al Khor area of Qatar, is planned to accommodate more than 63,000 residents.

Developer Barwa Al Khor will launch its flagship project, Urjuan, a US $10 billion (QAR35 billion) integrated city development in Al Khor, the company announced this week in Doha, Qatar.

The developer, a subsidiary of Barwa Real Estate, will build the 5.5m2 million development to accommodate more than 63,000 residents. Completion is scheduled for 2013.

Ghanem bin Saad Al Saad, chairman and managing director of Barwa Real Estate, made the announcement with Youssef Ahmed Al Hammadi, CEO of Barwa Al Khor.

Named after an ancient dye-like substance, from which the colour royal purple is derived, and which is native to the Al Khor area, the Urjuan project represents Qatar's rapid economic growth and its efforts to preserve its cultural heritage, according to Al Saad.

Designed by Canada-based Cansult Maunsell, the development will have more than 24,500 housing units consisting of a beachfront luxury hotel and resort featuring private chalets, townhouses and terraced townhouses, and luxurious apartments.

Commercial businesses including shopping malls, souks, leisure facilities, open gardens and tourist attractions such as a business hotel and an 18-hole specialty golf course with private villa golf estates will also be part of the city development.

"Our interest and eventual venture into the Al Khor area has been born out of our vision to create a city development inspired by the heritage of a culturally-rich metropolis, which will offer investors unique investment opportunities and at the same time create an architectural marvel making Urjuan a top destination," Al Saad said.

The location of Urjuan and its close proximity to Ras Laffan and other prime areas around Qatar will provide residents and investors with a self-sustained, urban community.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM