QIB to construct new branch on C Ring Road in Doha

The Bank also signed a contract with Arab Engineering Bureau (AEB) for the design and engineering supervision of the new branch.

The new branch, which will be completed in 15 months, will consist of a basement for car parking, a ground floor and two other floors and will occupy an area of 10,659 sq.m. The unique design of the building is a true reflection of the new identity of the Bank, which was launched in June this year. The design of the interiors take into account the expanding service portfolio of the Bank and hence gives sufficient attention to precise space allocation.

The new branch will be established on a prime location on C Ring Road and will serve the banking needs of the dense population of Doha as well as the huge number of public and private sector companies located in the area. The establishment of the new branch is a direct outcome of the Bank's present strategy to increase its number of branches to 21 and ensure an optimum geographical distribution of the branch network.

QIB presently has 16 branches and offices situated at strategic locations in Qatar. Branch networks are considered to be the basic window through which a bank provides its services to its individual and corporate clients. Hence, QIB is keen to further develop its branch network and equip them with the most advanced banking technologies and experienced and skilled personnel.

AEB, which was established in 1966, has a strong presence in Qatar. It has also designed and supervised many projects financed by QIB.

The agreement was signed, on behalf of QIB, by Mr. Ahmed Karrar, GM, Operating & IT and Mr. Murtada Khidir, GM, Financial Group. Eng. Mohd. Idris, Managing Director of Al Khayareen Trading & Contracting Group (AKG) signed the agreement on behalf of the contractor and Mr. Ibrahim Al Jaidah, Managing Director of AEB signed the agreement on behalf of AEB.