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Barwa to build Qatar Petroleum headquarters

Doha, March 31, 2011

Barwa Real Estate, the leading property development company, has signed a framework agreement to build Qatar Petroleum's (QP) headquarters.

Barwa Financial District (BFD) will develop its iconic project to become QP’s headquarter complex. Upon completion, BFD will transfer ownership to QP, which will own and occupy the development.

The framework agreement was signed by Ghanim bin Saad Al Saad, chairman and managing director, Barwa Group, and Dr Mohamad bin Saleh Al-Sada, the Minister of Energy & Industry, chairman & managing director of QP.
 
Barwa Financial District is conceptualised to create a central hub and meet the needs for both local and international businesses in Doha with grade-A office space, solid infrastructure, state-of-the-art technology, and parking facilities for more than five thousand vehicles.

The district in this group of 10 towers average 21 to 36 floors and will occupy a prominent position in Doha’s West Bay area. Crowning the Barwa Financial District is its 50 storey high tower which is well on its way to become one of Doha’s landmark sights and an icon of the city’s skyline. BFD will be among the first certified sustainably designed developments in the Middle East.

Barwa anticipates to complete the project under the existing construction and project management arrangements, and Qatar Petroleum is expected to commence occupation of the development by 2014.-TradeArabia News Service




Tags: property | Barwa Real Estate | Qatar Petroleum headquarters |

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