Posted on September 17, 2019

Al Khaliji Commercial Bank P.Q.S.C. (al khaliji) , Qatar’s next generation bank, has announced another milestone development for its operations in Qatar. The group headquarters is now at Lusail, Qatar’s city of the future. The move comes under al khaliji’s ambitious plans, its central operations now at the heart of Qatar’s vision for a sustainable, interconnected and smart future.

Commenting on the move, HE Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman at al khaliji, said: “Our customers and our nation’s prosperous future form the driving force behind our evolution and investments. Today, this force is leading our center of excellence to the next chapter in our nation’s legacy: Lusail, the beacon of our Qatar’s sustainable development and multi-cultural fabric. It is not too ambitious to say that Lusail will play a central role Qatar’s transforming economic landscape, and more so under the Qatar National Vision 2030. As our role in this visionary transformation evolves, we are confident in that this move will unlock limitless growth for al khaliji’s next-generation promise in Qatar. We are excited to unfold the opportunities that it will bring for our group, our operations and our partners as our nation gears up for 2022 and beyond.”

Fahad Al Khalifa, Group GCEO at al khaliji, added: “Our journey begins and evolves with our commitment to serve our current and future customers wherever they are, and to always deliver on our uncompromising product and service excellence.  We continue to ramp up our operations, scale up our infrastructure and build up our human and technological capital to meet and exceed the evolving needs of our customers, the ambitions of our shareholders and the rapid progress of our market; nowhere more evidently than in this landmark move to the center of Qatar’s sustainable, tech-powered city of the future.

Lusail will not only draw in droves of SMEs, visitors and residents, but equally, create a wealth of  jobs in the real estate, hospitality, tourism and entertainment sectors, among others. For us, this makeup translates into ample opportunity for our group’s portfolio diversification and customer base growth.” The new al khaliji Tower headquarters is located at 69 Al Add Al Sharqi Street in  Lusail. Al khaliji is among the first banks to be shifting their headquarters to Lusail, with many governmental and private sector entities planning to follow suit in the future.

The vision for Lusail city was first incepted in 2005 and is today one of Qatar’s largest undertakings. The smart, green sustainable city stretches across more than 38 square kilometers in one of the country’s most vital locations. Lusail city is expected to be home to a population of over 450,000 – 200,000 residents and more than 80,000 visitors – four exclusive islands, and 19 residential, mixed-use, entertainment and commercial districts. The city, for which 80% of the infrastructure has already been completed, promises to be a boon for Qatari and international businesses.