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QIB is continually seeking new branches in which to serve its clients and expand within the market. The industry and growth occurring in Ras Laffan Industrial City are key components of the economic boom Qatar is experiencing. The country's dynamic growth has resulted in a strong surge in the demand for Islamic Banking products & services, and QIB aims to satisfy that demand all over the country.
Customer service is a priority for QIB. The new branch in Ras Laffan Industrial City will serve Ras Laffan and the surrounding areas, which have a significant population and a variety of businesses. This expansion is backed by market necessity, as the Ras Laffan Industrial City and neighboring areas have experienced marked growth.
Explaining QIB's reasons for opening the new branch, Mr. Salah Jaidah said, "Qatar enjoys a fast-growing economy which will be bolstered by the fact that Qatar will be producing almost 33% of the world's natural gas by 2012.
He added
"This nation has experienced such energetic growth it has pushed the banking sector to evolve quickly to fulfill the strong demand for banking services in general and Islamic banking services, in particular. By expanding our branch network and continuing to seek and form partnerships within private and corporate communities, we are striving to encourage further evolution and development of the local economy."
Speaking of QIB's strategy of expansion and the increasing need for Sharia'a-compliant banking in a growing economy, Amer Al-Jabry, Executive Manager for Retail Banking, said, "The expansion of QIB's network and banking services is being carried out according to a well-researched plan, and our strategy is easily adaptable to the economic changes sweeping across the country. We will continue to seek out prospects through which we can provide a wide variety of state-of-the-art sharia'a compliant financial services and sterling customer service to our clients and the new opening in Ras Laffan Industrial City is an example of our commitment to that ambition."
The opening was attended by members of the QIB senior management and QIB distinguished guests from Ras Laffan in addition to several branch managers.
Posted by Ehab Al-Abbadi
