The group's name derives from an important principle in Qatar's commercial heritage - the concept of a reliable and trustworthy agreement or contract. These values form the core of our corporate personality. A few years before our establishment, Qatar had embarked upon an ambitious and progressive growth strategy based on its wealth of natural, energy-based resources. By 2005 it had achieved unprecedented growth in its economy, indeed a leader in terms of economic growth among countries around the world, and was beginning to be recognized as a key player both as a global energy provider, and as an engine of growth in the Gulf region. Barwa's creation was a demonstration of the vision of the country led by His Highness the Emir and the government of the State of Qatar to build a modern country with a diversified economy for the benefit of future generations. We seek to contribute to the government's over-arching development plan for Qatar as set out in the Qatar National Vision 2030. Since its formation, Barwa has proven to be a dynamic and powerful contributor towards the development of Qatar. Qatari Diar, a company owned by the Qatar Investment Authority holds a 45% share in Barwa, which is the largest listed real estate company in Qatar in terms of real estate developments, and has a total asset capitalization of approximately QR 66 billion as of 31 December 2011.