Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Hitmi Al Hitmi

Hitmi Al Hitmi

Industry: Property

Company: Barwa Real Estate

Designation: Chairman

Country: Qatar

Since its formation, Barwa has shown itself to be a dynamic and powerful force for the development of Qatar.

With a shareholding of 45 percent held by Qatari Diar (a company owned by the Qatar Investment Authority) Barwa is the largest listed real estate company in Qatar in terms of real estate developments, and has  a total asset capitalisation of approximately QR74bn ($20.32bn) as of 31 December 2010.

Barwa has a market capitalisation of some QR11bn ($3.02bn). It employs over 600 staff, almost half of whom are Qatari nationals. While the group’s main activities are in Qatar, it also has investments and operations in thirteen other countries regionally and internationally.