Energy Minister QP involved in Funding Different Stages of Barwa Financial District

Doha, December 21 (QNA) - HE Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry and Chairman and Managing Director of Qatar Petroleum (QP), on Wednesday said that QP began several months ago the financing of Barwa Financial District and is involved in the funding of the project in all its construction stages, which its initial value is estimated at approximately QR 11 billion. Talking to reporters after the signing of sales completion agreement for the Barwa Financial District, HE Dr Al Sada said the purchase of the Barwa Financial District is consistent with QP's requirements. He pointed out that there were several options in front of QP, terming its selection for this project as a perfect decision in light of its location, size and architectural design. HE the Minister said the completion of this deal was important because the project would locate all QP departments in one place, especially knowing that QP buildings are currently located in various places inside and outside Doha. He pointed to negotiations between Qatar Petroleum and Barwa Real Estate in order to modify some of the project's specifications to meet QP's requirements. HE the Minister of Energy and Industry also lauded the cooperation between QP and Barwa as they are two major institutions, aspiring to have greater contribution to the development. (QNA)