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Wed 30 Mar 2011 01:57 PM

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Qatar’s Barwa, Pearl ink leasing deal for staff housing

The housing compound will be part of Barwa’s $8.2bn Urjuan waterfront project

Qatar’s Barwa, Pearl ink leasing deal for staff housing
The housing compound will be part of Barwa’s $8.2bn Urjuan waterfront project

Barwa Al-Khor, an arm of Qatar’s Barwa Real Estate Co,
signed a leasing agreement with Pearl GTL for a new residential housing
compound to be built in the Gulf emirate.

The compound will provide housing for employees of the Pearl
GTL plant, Barwa said in a release posted on the Qatar Exchange today.

The housing compound will be part of Barwa’s QR30bn ($8.2bn)
Urjuan waterfront development in Al-Khor.

The Pearl plant, located 20km north of Al-Khor in the
industrial city Ras Laffan, will be the world’s largest plant producing liquid
fuels from gas when it becomes operational this year. The plant is being constructed
by Royal Dutch Shell.

Barwa said in January it was moving ahead with Urjuan after
saying in August that the project was put on hold.