Barwa Signs a Memorandum of Understanding for the Lease and Operation of a School

Barwa Real Estate Company, as part of its commitment to supporting the education sector and contributing to the achievement of the objectives of Qatar National Vision 2030, announced the signing of a Memorandum of Understanding (MoU) with DPS Modern Indian School (DPS) for the lease and operation of one of its latest educational developments, a school currently under development in the Umm Besher area within Al Wakrah Municipality.

The parties are currently working on finalizing the negotiations and preparing the definitive agreements. Subject to the execution of the final agreements and the fulfillment of all relevant requirements, the total lease value is expected to amount to approximately QAR 280 million over a period of 20 years, in accordance with the terms and conditions to be agreed upon in the final contracts.

This project forms part of the Group’s strategy to diversify its real estate portfolio and strengthen its investments in the education sector, thereby contributing to meeting the growing demand for educational services in the State of Qatar.

The school is being developed on a plot of land measuring approximately 30,000 square meters, with a built-up area of approximately 22,000 square meters. The facility will comprise 110 classrooms, in addition to car and bus parking areas, multi-purpose sports fields, and integrated facilities designed to provide a modern and advanced educational environment.

It should also be noted that there is no conflict of interest between the parties to this agreement.