Barwa Real Estate has signed an QR2.54bn agreement with the government under which the latter purchased a plot of land in Lusail City from the company. The deal will “maximise the group’s profit and consequently shareholders returns”, Barwa Real Estate said yesterday. Barwa Real Estate has received QR1.04bn in cash part of the agreement, while the remainder (QR1.5bn) was settled against bank facilities. A release said the government, in consultation with “specialised bodies”, will later determine the “best use” of Lusail land.