72. Barwa Real Estate Group
Sector: Real estate & Construction
Group CEO: Abdullah Jobara AlRomaihi
Market Value: $3.7 billion
Barwa operates 3.6 million square meters of total built space and a land bank of 5.5 million square meters. It also owns Waseef Asset Management Company, which provides asset, and property and facilities management services to Barwa’s projects. Barwa is 45% owned by Qatari Diar. In October 2021, Dar Al Eloum for Real Estate Development Company, a subsidiary of Barwa, announced a $176.2 million financing agreement with a local bank as part of its agreement with the Public Works Authority to develop eight schools. In the same month, Barwa’s Rawasi Real Estate Development Company signed a $59.8 million lease contract with the Supreme Committee for Delivery & Legacy for its “Madinatna” project.