Dec 21 2011 |
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Qatar Petroleum pays Barwa Real Estate QAR11bn for new HQ
State-owned Qatar Petroleum ( QP ) has signed a contract with Barwa Real Estate Company to buy Barwa Financial District for QAR 11 billion (USD 3 billion), the companies announced on Wednesday.Qatar's Minister of Energy and Industry, Dr. Mohamed bin Saleh Al Sada, who is also the chairman of QP , and Barwa chairman Hitmi bin Ali Khalifa Al Hitmi, Barwa signed the contract, and said the Qatari government will fund the deal.
"The project design meets the aspirations for the future of Qatar Petroleum ," said Al Hitmi.
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