Barwa executives at the workshop
Barwa will continue to invest in local real estate in line with the corporate strategy to capitalise on Qatar’s infrastructure and growth plans.
This is highlighted in Barwa’s five-year business plan, which was issued after a three-day workshop attended by the company’s senior management and subsidiaries and associates in Qatar.
The business plan lays focus on boosting Barwa’s profitability and operating cash flow. It aims to reduce Barwa’s leverage ratio (total liabilities to net equity) from the current levels, which demonstrates the company’s “commitment to focus on improving the financial risk and the capital structure”.
Barwa’s five-year business plan up to 2016 has spotlight on the development of human capital and quality Qatarisation of jobs through performance-based career enhancement opportunities.
This is in line with Barwa’s commitment to serve Qatar’s future and be part of the Qatar National Vision 2030.
Under the business plan, Barwa’s administration, commercial and finance functions are being centralised for the local real estate projects and subsidiaries, which are in establishment stages.
The sessions were chaired by Barwa Group CEO Abdulla Abdulaziz al-Subaie.
Barwa recently announced its new corporate strategy and growth plans that are built on disciplined and sustainable growth. The five-year business plan has been shaped by this strategic direction and growth strategy and sets out the priorities and specific initiatives required for execution of the corporate strategy.
Al-Subaie said: “The 2012-2016 business planning process set the tone for various independent and collective strategic initiatives at the corporate and at the business unit levels to achieve Barwa’s strategic priorities and goals. The main objective of these workshops is to ensure that the plans of every entity in our portfolio align with the corporate strategy”.
“Driven by a set of investment and financial assumptions, which are guided by the market insights and challenges, the business plan describes the various strategies to deliver the priorities. It also established the corporate KPIs (Key Performance Indicators) and targets that will measure success in executing the corporate strategy,” Barwa said.
The business plan and budget reviews resulted in setting up number of action plans mainly aimed at “creating cross business synergies, cost efficiencies and achieving stable occupancies for the real estate projects.
During the workshops, al-Subaie also stressed the importance of enhancing the stakeholder communications and requested the management team to conduct regular team reviews of the business plans.
 The progress of the initiatives set out in the business plan will be assessed during the corporate performance reviews scheduled to take place every quarter as set in Barwa’s annual corporate calendar, an initiative under the new corporate strategy.
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