Qatar Petroleum (QP) has signed a sales completion agreement with the local Barwa Real Estate Company to buy the Barwa Financial District in Doha.

QP is planning to re-locate its headquarters and various business entities to the Barwa Financial District, upon completion of the development. QP and Barwa had signed a sales framework agreement for the financial district in March 2011.

The Barwa Financial district, located in Doha’s West Bay area, will cover a total area of 696,000 square metres when completed. The district will consist of 10 towers, which will have an average of 21 to 36 floors. The largest property will be a 50-storey tower.