Qatar's Barwa Real Estate, one of the Gulf Arab state's largest listed developers, said on Monday it had bought a vacant plot of land in Riyadh, Saudi Arabia, for SR659.28 million ($175.8 million).

It did not give the name of the seller of the 2.22-million-sq-m plot.

It said the deal was part of Barwa's plan to explore potential real estate investment opportunities in the kingdom and that the project would include residential and commercial components.   -Reuters