Qatar's Barwa eyes Sudan expansion

by Reuters Sunday, 17 June 2007

Qatar's Barwa Real Estate Co. said it was considering investing in Sudan as part of a strategy to expand outside its home country.

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Talks in Sudan with unidentified people were "constructive and informative," Barwa said in a statement on the Qatari bourse Web site on Sunday.
Qatar's al-Sharq newspaper reported on Sunday the company was planning to invest $500 million in the African state. Barwa did not comment directly on the report.

"The visit to Sudan was part of a new investment exploration of opportunities outside the state of Qatar, and the visit is just a new investment discovery which requires additional study and research," the company said. It did not give details.

Shares of Barwa closed 1.73 % down on Sunday. They are up 57.39 % this year to Thursday's close.



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