Barwa Real Estate has signed an agreement with Arab Engineering Bureau for the second phase of expansion project for Barwa Village.
Barwa Real Estate acting CEO Ahmed Abdulla al-Abdulla and Arab Engineering Bureau CEO Ibrahim al-Jaidah signed the agreement.
Arab Engineering Bureau will provide design and consultancy services to the project. Work on the project will start in June and is expected to complete in December 2016. This is the second collaboration of Barwa with the Arab Engineering Bureau, after the Motor City project.
The decision of expanding Barwa Village comes in response to business owners and tenants’ desire for Barwa to make available more units with competitive rent value, especially after the rise in rents of both commercial and
residential units.
The expansion project will involve the development of an additional strip of land attached to the existing site with approximately 11,100sq m set to house mixed-use buildings with retail, showroom and residential facilities in addition to the development of some other vacant plots in Barwa Village into retail units and showrooms.
The expansion will include a strip building consisting of ground floor and mezzanine offering commercial units, and first and second floors for residential units. Two plaza buildings will also be constructed as well as a retail building and showrooms building, each of which will consist of a ground floor and a mezzanine. The overall commercial component will offer a total of 119 shops and the residential component will provide 88 residential units of varying sizes.
Ahmed Abdulla al-Abdulla and Ibrahim al-Jaidah shaking hands after signing the deal.
