INVESTOR PRESENTATION December 2020 DISCLAIMER
The information contained herein has been prepared by Barwa Real Estate Company Q.P.S.C.(“Barwa”) relying on information obtained from sources believed to be reliable but Barwa does not guarantee the accuracy or completeness of such information.
Except for statements of historical facts, information herein may contain projections or other forward-looking statements regarding future events or future financial performance of Barwa. These forward-looking statements are not guarantees or promises of future performance. The inclusion of such forward-looking statements shall not be regarded as a representation by Barwa, its management or any other person that the objectives or plans of Barwa will be achieved. Actual results and future events could differ materially from those anticipated in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. Risks and uncertainties arise from time to-time, and it is impossible to predict these events or how they may affect Barwa or cause its actual results, performance or achievements to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Barwa undertakes no obligation to update or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise.
Figures are being rounded, and that rounding differences may appear throughout the presentation. DISCUSSION SUMMARY
Barwa At A Glance Investment Rationale Qatar Economy Financial Track Record Annexure BARWA AT A GLANCE
We are one of the leading real estate developers headquartered in Doha, Qatar. We develop and manage properties that reflect the changing needs of the people living, working and visiting the country.
Our Vision: To be a reliable Real Estate company, recognized for its strong values, excellence and sustainable returns to its stakeholders.
Our Mission: To create better places in an efficient manner for people to live, work and enjoy.
Our Values: • Entrepreneurship • Commitment • Reliability • Teamwork Our expertise in developing, leasing and managing our assets, • Integrity based on our understanding of the customer, drives incremental value for Barwa and our stakeholders MAJOR CONTRIBUTOR TO QATAR’S DEVELOPMENT
Completed 8,148 3.6 mn sq. m. built-up Leadership in affordable residential units and area under operations housing more than 37,300 labour rooms
Balanced product mix ~ 82% Op. Revenue2 is Positive Cash Profits1 resulting in stable rental recurring rentals since 2014 yield
Land Bank of 5.4 mn QAR 4.6 bn dividend sq. m. in Qatar, Net Debt : Equity of 46% distributed in last 5 years 80% owned
1Cash profits = PAT + Depreciation + Impairments - Share of associates - FV on Invst Properties - FV of an asset - Misc Income - Property Sales 2 Op. Revenue and operating Profit is excluding profit from Property sales 2018: QAR 373mn, 2019: QAR 3.3mn, 2020: QR 8.6mn INVESTMENT RATIONALE Investing In Barwa
1 PRESENCE ACROSS REAL ESTATE MOVING UP THE 6 ECOSYSTEM VALUE CHAIN
• Moving towards mid to high-mid residential • Affordable housing solution for families segment in newly developed Lusail city & blue-collared workers • Barwa selects its product offering in alignment • Commercial Properties including with tangible market demand offices, shops & warehouses to support • Developing according to the needs of the real industrial development of Qatar estate market and in partnership with the Proxy to government, through the projects offered by Qatar’s Real the Ashghal and MME. BALANCED PORTFOLIO MIX OF STRONG BALANCE 2 5 OPERATIONAL ASSETS Estate Market SHEET • 8,148 residential units; 37,340 labour rooms • Net Debt : Equity is 46% • 336,552 sq. m. of retail & offices • Recurring Cash flows • 445,779 sq. m. of workshops & • Distributed QAR 4.6 bn as warehouses dividend (2015-19) • 701 hotel keys
RECURRING REVENUES 3 INHERENT STRENGTH BUILT OVER TIME AND PROFITS 4 • 3.6 mn sq. m. built-up area under • Recurring Rental Revenue operations comprises ~82% of total • Land bank 7.8 mn sq. m. (Qatar 5.4 mn operating revenue sq. m.; 80% owned) • 97% of operating profits from • Strong brand recognition net recurring rental BARWA REAL ESTATE– PORTFOLIO OVERVIEW
RESIDENTIAL COMMERCIAL INDUSTRIAL LABOUR ACCOM. LAND BANK
• 264,312 sq. m. retail (shopping & restaurant) • 8,148 residential • 68,973 sq. m. office • 445,779 sq. m. • 5.4 million sq. m. units & Villas • 701 hotel keys warehouses & • More then 37,300 domestic land • 3,267 sq. m. workshops labour rooms • 2.4 million sq. m. operating property international land in the UK BALANCED PORTFOLIO OF ASSETS
Barwa Outperformed Qatar Residential Rental Index over 2016-2019 110 10.0%
100
100 8.0%
7.8%
90 6.0%
#4.4%
80 4.0%
71.9 70 2.0%
*Yield on operating assets is 8.7% as of Q4 FY19
60 0.0% Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 2016 2016 2017 2017 2018 2018 2019 2019 KPMG Residential Rental Index Rental Yield Current Mix Forward Mix • Residential assets with labour rooms offers predictable • Foray into Education and Healthcare assets recurring revenue development, delinking from economic cycle • Mixed use property leverages both commercial and • Building affordable residential units residential units effectively. • Increasing development in freehold areas like Lusail • Warehouse segment complements government thrust on industrialization Way Forward is to continue to modulate products based on market & stakeholder demand
*Yield= Revenue/ Investment Properties (Operating Assets + Properties under development + Land bank) = at FV #Reduction in yield for FY19 is on account of significant increase in value of investment properties, majorly attributable to increase in value of land banks. However, the yield on operating assets is 8.7% as of Q4FY19. Inherent Strength built over time resulted in strong Brand Preference…
Timeliness Quality
• Proven developer and operator of a range of assets with • timely delivery Quality control is paramount despite tight cost measures • Routine quality checks at various stages of project life cycle • Barwa was able to conclude the construction of Madinat Al • Barwa ensures high quality of projects despite our Mawater phase 1 & phase 2 projects and Barwa Village keenness in controlling costs Extension projects two months ahead of schedule • Barwa continues to pursue high quality of construction in the future projects
Cost efficiency Local Expertise
• Private sector mindset- cost optimization, efficiency are the • Understanding of local preferences and effectively key focus areas built/enhanced private sector capabilities
• Barwa strives to ensure that all projects are completed at • Customised delivery model to support government vision, a competitive construction costs without compromising on preferred partner for government initiatives the quality. SIGNIFICANT RECURRING REVENUES & OPERATING PROFIT
RECURRING INCOME PROVIDES BETTER CASH FLOW VISIBILITY
QAR mn 1,600 97% 160% 94% 1,400 89% 140% 83% # 82% 3.6 million sq. m. BUA under 1,200 1,334 120% 1,244 1,271 1,180 operation 1,000 100% 1,076 1,044 800 930 80% 906 860 Rental assets spread across 782 600 53% 60% residential, commercial and 42% 45% 43% 42% 400 40% retail verticals 200 20% Operating margin on - 0% 2016 2017 2018 2019 2020 recurring revenue remains stable at 66% despite Recurring Rental Revenue Recurring Rental Op.Profit challenging macro scenario % of Revenue % of Operating Profit Consistent high occupancy in residential ~53% ~97% Stable Recurring of Total Revenues Operating Profit Rental Income are from recurring from net rentals* recurring rentals
*Revenue and operating Profit is excluding profit from Property sales 2018: QAR 373mn, 2019: QAR 3.3mn, 2020: QR 8.6mn # Built-Up Area PRUDENT GEARING, SUFFICIENT ROOM FOR LEVERAGED GROWTH
Balance Sheet Strength provides an Opportunity for Leveraged Growth *Recurring cash profits have been generated Timely sale of properties have adequately supported consistently, providing sufficient liquidity liquidity
Cash Profits 35 1.0 0.9 30 0.8
25 0.7
0.6 20 21 20 0.5 20 15 0.5 826 841 18 19 0.4 0.4 0.3 0.3 566 10 0.3 493 0.3 433 0.2 5 9 8 0.1 5 5 7 - - 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020
Net debt Equity Net Debt: equity Note: * Recurring Cash profits = PAT+ Depreciation+ Amortization-Share of associates- FV on Invst Properties-FV of an asset- Misc Income- Property Sales COMFORTABLE LIQUIDITY POSITION, FOR PRUDENT CAPITAL ALLOCATION
Comfortable Debt Maturity Profile (QAR Mn) QAR Million Dec-20
Debt 10,083 2,500 2,254 2,162 Cash 746
1,615 1,616 1,618 1,575 1,351 1,324 1,383 1,383 1,384 Net Debt 9,337
Total Equity 20,513
Total Assets 33,155 2021 2022 2023 2024 2025 2026 & Beyond Before Refinance After Refinance*
Liquidity – QAR 2,480 mn (Dec 2020) Key Ratio Dec-20 QAR 416 mn QAR 1,440 mn QAR 624 mn Net Debt/ Equity 0.5
Net Debt/ Assets 0.3
Cash Equivalents Trading Properties Investments Liquidity 2,480
* After refinance represents the loans’ portfolio repayment schedule after including the impact of the refinance deal of QR 1,925mn concluded during 2020. Barwa is currently working to refinance other facilities that are due early 2021 to positively manage the cashflow position. OPTIMISING SHAREHOLDER VALUE
Consistency in Cash Profits, Low Leverage has given Consistent Shareholder Returns
QAR Mn 8% 61% 8% 57% 57% 973 973 973
7% 856 51% 50% 51% 778 778 778
6% 6% 6% 584 5% 5% 389
31% 31% 28% 3%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011 2012 2013 2014 2015 2016 2017 2018 2019 2011 2012 2013 2014 2015 2016 2017 2018 2019
QAR 6.3 Bn Cumulative dividends Attractive Dividend Yield Healthy Dividend Payout Ratio declared over 2011-19 ENHANCING ASSET PORTFOLIO
Well established Adding diversity
Residential & Labour Housing & Education Healthcare Commercial Logistics Sector Sector
. In-depth understanding . Strict implementation . Govt. allocated QAR . Govt. allocated QAR of the sector to gauge of law banning 19.2 bn in 2019 (9.3% 22.7 bn in 2019 (11% of tangible demand & unorganised labour of total budget) for total budget) for deliver assets housing, demand for education sector ; of Healthcare sector ; comprising of new better quality these QAR 6.8 bn to be These spends include residential units, retail labour homes is spent on building new commencing & 3-4 star hotels imminent schools over 5 years construction of 5 new health centres . Select product offering . Labour housing & . Partnership with Ashgal in alignment with logistics segments and MOEHE to . Active consideration of market dynamics (warehouses) in line construct eight schools opportunities to with the market around Doha on a PPP explore the healthcare requirements basis segment PREMIUMISATION TO DRIVE SUSTAINED GROWTH & BETTER PROFITABILITY
FREE HOLD ZONES EXPANSION 2004 (3 Zones) 2019 (10 Zones) HOW IT BENEFITS BARWA? District West Bay (Legtaifiya) Land bank The Pearl- Qatar 7.8 mn sq. m. 68% in Qatar Al Khor Resort 32% Abroad Rawdat Al Jahaniyah Qatar land bank Al Qassar 5.4 mn sq. m. Al Dafna 66% of domestic Onaiza land bank in Lusail land bank 3.7 Lusail. Lusail million sq. m. Al Khraij Jabal Theyleeb
• In 2004, Qatar ratified Law Till date there has been limited impact due to market It creates opportunity for: 17 allowing expats to conditions , The implementation of the 2-tier permanent Building more residential units like purchase property in residency system in Q3-2020 is expected to : Lusail Dara A which have mid to high Freehold areas, which gives mid residential units buyer the title to land as Create more incentives for investors and owner built to sale (BTS) model for the well as structure occupiers to purchase real estate in Qatar developed units Facilitate a more mature investment market, which will • By March 2019, the number of Outright sale of the land bank to free hold zones increased from evolve over time investors 3 to 10 Increase in the choice of product and price range available
Source: DTZ Research QATAR ECONOMY QATAR ECONOMY – AN OVERVIEW
QATAR ECONOMY IS EXPECTED TO CONTINUE THE GROWTH MOMENTUM
POISED FOR OVERALL AT A GLANCE DEMAND DRIVERS GROWTH
• Population – 2.78 million as • Qatar’s natural gas resources are the • Permanent Residency for of Jan 2020 (Source: Planning country’s main economic engine and expats by purchasing USD & Statistics Authority) contains approx. 14% of all known natural- 200,000 worth real estate gas reserves • GDP - USD 192 Billion in • FIFA 2022 is expected to 2018, a growth of 15% YoY • In recent years, Qatar has witnessed higher provide boost to the (Source: World Bank) contribution of non Oil & Gas sectors like economy in short to medium real estate, infrastructure, manufacturing & term • GDP/Capita – USD 72,677 financial services as a part of GDP (ranked 7th in the world) • National Vision 2030 lays the • IMF projects 2.7% CAGR growth in Qatar’s foundation to create an • Happiness Rank 29, GDP from 2018-2023 impetus for long-term all- improvement by 7 ranks since round development 2016 (Source: UN) • Population is expected to reach 2.83 million by 2022 as per IMF • Ease of Doing Business – 77 QATAR REAL ESTATE – AN OVERVIEW
Residential Sector QATAR REAL ESTATE INDEX • Recent law amendment of expanding freehold ownership in residential sector and subsequent introduction of the 2-tier residency system to provide further incentive to foreign owners to have outright owner 266.2 • Currently facing lower demand on account of rising supply in the market Retail Sector 225.8 • Currently witnessing a constant influx of both small and large malls in the country • Amid competition from newly opened super regional malls, oversupply has led to reduced rentals in the sector Commercial Sector
• Witnessing a significant expansion of Grade A commercial office space • Addition of new office space is expected for Qatar in the next decade, most notably in Lusail’s Marina District and Energy City, West Bay, and Msheireb Healthcare Sector Apartment • Major projects to improve Qatar healthcare services are underway Buy Apartment Price to Gross Mortgage (3 BHK) : Particulars Price/ Square Rent Rental Interest • Major expansion projects - Hamad Medical Corporation (HMC) facilities, primary Rent/Month healthcare centres, emergency hospital and the establishment of new health centres Meter (USD) Ratio Yield Rate (USD) over a period of five years Doha 2,997 4,537 13.1 7.7% 4.8% Education Sector • Spending on education sector is on the Government’s strategic agenda with a total Dubai 3,112 3,520 10.8 9.3% 4.4% outlay of QAR 19.2 billion in the budget 2019, 9.3% of the total expenditure Kuwait City 1,879 6,266 30.5 3.3% 5.6% • Major educational projects underway in the field of engineering, medicine, law, and Riyadh 790 1,322 13.7 7.3% 4.2% pharmacology of Qatar University. The fund also includes QAR 6.8 billion for launch of new schools over the next five years Muscat 1,220 2,739 18.9 5.3% 4.9% • Government is considering PPP model to build schools & is floating tenders for the Manama 1,708 2,913 14.4 7.0% 6.5% same (Source: Ministry of Finance, Qatar) (Source: Numbeo) DEMAND DRIVERS
Qatar’s successful bid for the World Cup has had a multi-fold positive impact on Qatar’s Economy by acting as a catalyst to Qatar National Vision 2030 accelerate various projects envisaged by the government in area of : 4 PILLARS OF DEVELOPMENT FIFA 2022 • Infrastructure and utilities segments Human Development: Development of all its • Real Estate people to enable them to sustain a prosperous • Tourism society • Hospitality Sector Social Development: Development of a just and caring society based on high moral standards, The “Host” Effect of World Cup and capable of playing a significant role in global partnerships for development AVERAGE GDP GROWTH IN WC Economic Development: Development of a HOST COUNTRY (1954-2014) competitive and diversified economy capable of meeting the needs of, and securing a high 3.70% standard of living for, all its people both for the 3.20% present and for the future 2.70% 2.60% 2.30% Environmental Development: Management of the environment such that there is harmony between economic growth, social development and environmental protection
-2 -1 World Cup Year 1 2
Source: IMF, Credit Suisse estimates FINANCIAL TRACK RECORD FINANCIAL OVERVIEW (for the year ended 31 Dec)
In QAR Million TOTAL INCOME1 & OP. REVENUE2 OPERATING PROFIT3
2,980 1,139 2,762 2,778 1,080 2,583 2,501 939 965 970
1,754 1,522 1,609 1,536 1,637
2016 2017 2018 2019 2020
Operating Revenue Total Income 2016 2017 2018 2019 2020
EBITDA4 PAT
878 861
699 701 727 1,917 1,619 1,716 1,505 1,215
2016 2017 2018 2019 2020 2016 2017 2018 2019 2020
1). Total Income= Op. Revenue+Finance Lease Inc+ Property sales+ Share of results of Associates + FV gain/loss on Invst Properties + Gain/loss on FV of an asset + Misc. Income 2) Operating Income = Rental income + Income from consultancy and other services 3) Operating Profit = Operating Revenue – Operating Expenses 4) EBITDA= Operating profit - G&A Costs YTD 2020 KEY HIGHLIGHTS
82% op. revenue is from Operating Revenue QAR Operating Profit QAR recurring rentals 1,637 mn 1,080 mn
97% of Operating Profits Operating Margin 66% Net Debt at QAR 9.34 bn from net recurring rental
Distributed a 20% cash Leasing started at Al Khor dividend for 2019, Liquidity – QAR 2.48 bn Rec Ext achieving a 5.6% dividend yield YTD 2020 KEY HIGHLIGHTS
Key financial indicators 2020 2019 % Change
Operating Revenue 1,637 1,536 7%
Operating Profits 1,080 970 11%
Operating Profits Margin 66% 63% 4%
EBITDA 1,599 1,874 -15%
Depreciation & Amortization (57) (46) 19%
EBIT 1,542 1,828 -19%
Finance Cost (Net) (300) (308) 3%
PBT 1,242 1,520 -18%
PAT 1,215 1,505 -19% YTD 2020 vs 2019 KEY HIGHLIGHTS
Operating Revenues Operating Profits
Consultancy 11% Consultancy 3% Consultanc Consultanc y 18% y 23%
Rental 97% Rental Rental 89% Rental 82% 77%
2019 2020 2019 2020 BALANCE SHEET & CASH FLOW OVERVIEW As at 31 Dec 2020
BALANCE SHEET OVERVIEW CASH FLOW OVERVIEW
TOTAL QAR 33,155 mn
1.1% Investments 1.4% 1.1% in Associates Others 1.8% 0.4% Receivables & Prepayments 30.4% 4.3% Lease Intangible liabilities Assets 2.3% 5.5% Trading Properties 2.9% Obligations under Islamic Cash & bank 2.0% finance balances contracts
Others Payables & other 61.9% 84.9% liabilities Property, Plant & Equipment Equity Investment Properties ONGOING PROJECTS
PROJECT NAME TIMELINE 2017 2018 2019 2020 2021 2022
Start Finish Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1. Mukaynis Compound Dec-17 Jun-21
1.1 Zone 3 & additional works Dec-17 Jun-21
2. Madinat Al Mawater Phase 3 Aug-19 Dec-21
3. Schools Package 1 (PPP) Sep-20 Jun-22
4. BarahatAl janoub Aug-20 Apr-22
5. Madinatna Aug-20 Apr-22 UPCOMING PROJECT OPPORTUNITIES
Barwa Real Estate Group is conducting feasibility studies and design enhancements for several land banks in order to ensure their best use and derive attractive returns, including:
Lusail North land development Medical City Al Khor Community Energy City Barwa City Phase 3 Manateq Extension (Umm Shahrain Extension)
Barwa Real Estate Group is also evaluating and participating in several tenders offered by Public Works Authority ( PWA) for Public Private Partnership (PPP), including:
Car Park – Doha & West Bay Heavy Machinery Truck Park Schools Development program, Package 2 Schools Development program, Package 3 Schools Development program, Package 4 Public Health Care centers Hamad Medical Corporation Administration building PROJECT UNDER CONSTRUCTION
Barwa Real Estate Group has recently signed agreements and commenced construction on 2 new projects in Al Wakra in line with the Group’s initiative to achieve Qatar’s National Vision 2030 to improve the living conditions of all groups in society. These are the Barahat Al Janoub (labor accommodation) project, for around 67,000 workers, and the Madinatna (integrated families housing) project, which has more than 6,700 apartments.
The Group has also commenced construction on the Qatar Schools PPP Development program – Package 1, which comprises of 8 schools in different locations around Qatar. This Public Private Partnership endeavor is the first of its kind in the State of Qatar and an investment opportunity which brings sustainable long term returns for the Group and its shareholders.
The list of Projects currently under Construction is as follows:
Madinat Al Mawater – Phase 3 Mukaynis Compound – Affordable Housing Qatar Schools PPP Development program – Package 1 Barahat Al Janoub (labour accommodation) Madinatna (families housing) ANNEXURE GEOGRAPHICAL DISTRIBUTION OF PROJECTS
Geographical distribution of the projects In-Progress
Mukaynis Compound Al Huweila Land Madinat Al Mawater Phase 3 & 4 Ras Laffan West Side labor accommodation Al Khor Recreation Extension Qatar Schools Package I (Schools 1 to 8) Al Khor Recreation Al Khor Community Madinatna Lusail Golf Al Khor land Shell accommodation Project Barahat Al Janoub Al Khor Extension School site 4 Al Kharaej Residential Tower Dara A School site 3 Dara B-F Umm Shahrain LAND BANK Asas Marina Mix Extension School site 6 School site 2 Alaqaria Delta Center Al Wakra Residential Zekreet Plaza Mustawdaat Warehousing & Barwa Al Doha-A & B Souq Dukhan Alaqaria Logistics Dara B-F Dukhan DSSA Garden labor camp Lusail Golf Umm Shahrain Extension Asas Twin Towers Barwa City 3 Alaqaria Tower School site 8 Barwa Al Doha A & B Barwa Al Baraha Ph 3 Barwa Al Sadd Masaken Sailiya Barwa Cooling Assas Marina Mix Masaken Mesaimeer Al Kharaej Residential Tower Labor Camps 1, 2, 3 & 451 Ph. 2 Barwa City 3 Barwa Village Baraha Labor Alaqaria Delta Center Alaqaria Commercial Dunes mall Madinat Al Mawater & Extension Complex Ph. 1 & 2 Madinatna Al Khor land Souq Mesaieed Baraha Warehouses Madinat Al Mawater Al Khor Extension Al Baraha Ph. 3 Ph. 3 & 4 Mukaynis School site 5&7 Al Huwaila land Compound School site 1 OPERATIONAL Al Wakra Residential Barahat al Janoub RESIDENTIAL PORTFOLIO
Name of Project Residential (Units) Nature of Project
Al Khor Community 3,171 Residen al
LaborCamp 3* 982 Labor accommoda on
Ras Laffan Accommodation-West Side* 688 Labor accommoda on
Labor Camp 2* 662 Labor accommoda on
Porta cabins 451 Phase 2* 493 Labor accommoda on
Labor Camp 1* 329 Labor accommoda on
AsasTowers 320 Residen al
Dukhan DSSA Labor Camp* 250 Labor accommoda on
AlaqariaGarden -Dukhan 48 Residen al
Dara A 271 Residen al
* Labour Rooms MIXED USE PORTFOLIO (1/2)
Residential/Labour Retail Office Hotel Warehouse Name of Project Nature of Project (Units) (‘000 sq. m.) (‘000 sq. m.) (Keys) (‘000 sq. m.)
Baraha Warehouses Industrial - - - - 184.8 and Workshop Barwa Al Sadd Mix Use 261 4.2 41.8 232 - Barwa Village Mix Use 457 106.2 - - -
MasakenMeaismeer Mix Use 992 2.0 - - -
Masaken Al Sailiya Mix Use 992 2.2 - - - Barwa Al Baraha* Mix Use 8,576 3.3 - - - Al Khor Shell Mix Use 350 1.4 - - - Madinat Al Mawater Mix Use 176 40.4 - - - (Phase 1)
Madinat Al Mawater Mix Use 176 40.4 - - 1.5 (Phase 2)
Manateq Um Mix Use 72 1.7 0.5 - 259.5 Shahrain Warhouses
* Labour Rooms MIXED USE PORTFOLIO (2/2)
Office Name of Project Nature of Project Residential (Units) Retail (‘000 sq. m.) (‘000 sq. m.) Barwa Village Expansion Mix Use 177 10.7 -
(Mukaynis Compound) * Mix Use 25,360 13.3 5.4 Salwa Affordable Housing Development
Souq Mesaieed Mix Use 138 12.3 7.1 Old Salata Building Mix Use - 0.9 11.6 Dukhan Commercial Complex Mix Use 31 1.7 0.2 Souq Dukhan Mix Use - 3.7 1.0
Mesaeed Commercial Center Mix Use - 7.7 1.4
Al Khor Recreation Retail - 1.4 - ASAS : Commercial Units Retail - 1.1 - Alaqaria Commercial Complex Retail - 1.3 - Al Khor Recreation Extension Mix Use 516 7.9 -
* Labour Rooms INTERNATIONAL PORTFOLIO
Office Name of Project Nature of Project (‘000 sq. m.)
Cavendish Office 1.0
North Row Office 2.2 PROJECT STATUS (1/2)
MADINAT AL MAWATER – PHASE 3 MUKAYNIS COMPOUND – SALWA SCHOOLS PACKAGE 1 (PPP) (8 schools)
Land Area (sq. m.) 339,716 Land Area (sq. m.) 1,179,114 Total land area for 8 schools (sq. m.) 228,349 BUA (sq. m.) 165,631 BUA (sq. m.) 735,091 Total BUA for 8 schools (sq. m.) 106,999 Construction Start Date Aug - 19 Construction Start Date Dec-17 Construction Start Date Sep-20 Construction End Date Dec-21 Construction End Date Jun-21 Construction End Date Jun-22 PROJECT STATUS (2/2)
BARAHAT AL JANOUB MADINATNA
Land Area (sq. m.) 773,457 Land Area (sq. m.) 1,141,689 BUA (sq. m.) 754,673 BUA (sq. m.) 1,035,555 Construction Start Date Aug-20 Construction Start Date Aug-20 Construction End Date Apr-22 Construction End Date Apr-22 DOMESTIC LAND BANK
Owned Area (‘000 sq. m.)
Lusail (Golf) 3,476 Baraha3 523 Dara B-F 130 Al Khor Zone 7 54 Barwa Al Doha 48 AlaqariaDelta Center 38 Lehwaila Beach Club 28 AsasMarina Tower 28 Alaqaria South Gate 28 Al-Kharaej Residential Tower 4 QPM land 4
Leased Area (‘000 sq. m.) Barwa City Phase 3 330 Mawater Phase 4 266 Al-Khor Zone 405 UmmShahrainExtension 59 INTERNATIONAL LAND BANK
Land* Area (‘000 sq. m.) Country
Bahrain Bay 12.5 Bahrain
Cyprus Land 54.7 Cyprus
Marrakech* 9.6 Morocco
Fez * 3.1 Morocco
Astrakhan - Russia 150.0 Russia
Riyadh Land Development 2,216.1 Saudi Arabia
Total 2,446
*Includes pre-existing structures Investor Relation Team Contact : +974 44088785 Email : [email protected]