Wires

Qatar's Barwa to sell $4.4 bln in assets to repay loans

DUBAI, Oct 7 (Reuters) - Barwa Real Estate plansto sell assets worth 16 billion riyals ($4.4 billion) in Qatarand Egypt to pay down loans, the Qatari property firm said onSunday.

The assets being sold include land in the Gulf Arab state aswell as Barwa New Cairo project in Egypt. The sale will bereflected in its fourth-quarter results, it said in a statement.

Barwa, Qatar's largest listed property developer, is45-percent-owned by Qatari Diar, the property arm of thecountry's acquisitive sovereign wealth fund, the QatarInvestment Authority.

(Writing by Amran Abocar; Editing by Dinesh Nair)

((amran.abocar@thomsonreuters.com)(+971 4 453 6467)(ReutersMessaging: amran.abocar@thomsonreuters.com))