Posted on February 10, 2019

Msheireb Properties, Qatar’s leading sustainable developer and a subsidiary of Qatar Foundation for Education, Sciences and Community Development, today announced the opening of the first bank in its flagship development project, Msheireb Downtown Doha (MDD). QNB, the largest financial institutions in the Middle East and Africa, and one of MDD’s first commercial tenants, will occupy its building and provide a range of services to individual customers and businesses.

QNB’s building is a commercial property located in MDoha, the 2nd Smartest City District in the World and one of the world’s most Sustainable City Districts. Located adjacent to MDD’s underpass to Souq Waqif, QNB’s new four-story building will   provide retail services, asset and wealth management and international corporates and global transactions. Moreover, the building will host the headquarters of QNB Capital, the Bank’s subsidiary that provides an array of investment banking services within Qatar and globally.

QNB’s new building was designed and constructed according to the LEED New Construction 2009 certification system and will be targeting LEED Gold status now that it is operational. LEED, or Leadership in Energy and Environmental Design, is the most widely used green building rating system in the world and is a globally recognized symbol of sustainability achievement. For his part, QNB Group Acting CEO, Mr. Abdulla Mubarak Al Khalifa, said: ‘’ We are pleased to be part of this huge project that demonstrates Qatar’s great achievements in the properties sector through establishing a world class city district that will host the country’s leading organizations and companies in one place.  This aids in promoting sustainability which is a common core interest shared by QNB, as the biggest Bank in Qatar and Musheireb properties’’.

Mr. Ali Al Kuwari, Acting CEO, Msheireb Properties, said: “We are honored to welcome the QNB to our flagship development project, Msheireb Downtown Doha. We have transformed the center of Doha by building the world’s first smart and sustainable downtown regeneration project. As the leading bank in Qatar and the region, we are delighted to have QNB locate within MDD and their commercial operations benefit from being in city district built according to the highest standards of sustainable practice.” Overall energy savings for the QNB Building is targeted to be 44.5%, with renewable energy generated by roof mounted solar thermal panels for domestic hot water generation. Twenty (20) roof mounted solar thermal panels provide 31% of the buildings domestic hot water generation.

The potable water saving is 24%, while the landscape water saving is 100%, with no potable water use. Efficient landscape water usage, utilising drip irrigation and selected plantings, reduces water consumption by 52% compared with conventional design. The overall potable water saving for the building is 88% due to non‐potable water use in the district cooling plant cooling towers, irrigation and flushing fixtures. Non‐potable water is generated for QNB Building through collection of air conditioning condensate, which is estimated to generate 143 cubic meters.

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A comprehensive Measurement and Verification Plan will be implemented for the building, ensuring all building energy is monitored through the building management system (BMS) to evaluate the energy performance of the building and compare predicted performance to actual performance.

Msheireb Downtown Doha is the first truly sustainable regeneration project from inception, to delivery and finally use, with all buildings guaranteeing optimal consumption of water and energy. Through adopting the highest standards of sustainability practices, Msheireb Downtown Doha paves the way for other developers to follow suit and adhere to measures set by the Qatar Green Building Council. It is our goal to help Qatar realise its National Vision 2030, by taking great strides in sustainability practices within the real estate sector.

About Msheireb Properties

Msheireb Properties is a real estate company and a subsidiary of Qatar Foundation. The company was established as a commercial venture to support the Foundation’s aims as well as the realisation of Qatar’s 2030 Vision.

Msheireb Properties’ mission is to change the way people think about urban living and improve their overall quality of life, through innovations that encourage social interaction, respect for culture, and greater care for the environment. Msheireb Properties spent three years researching Qatari architecture and numerous approaches to urban planning all over the world with the most respected experts in the industry – in order to realise an architectural language rooted in the best of the past that may be preserved for and by future generations.

The company’s name, Msheireb, means ‘a place to drink water’ and is the historical name of the downtown area of Doha. The company’s corporate identity depicts the mouth of a stone well, a feature of traditional Gulf societies, and its distinct ink effect evokes classical Arabic calligraphy. Msheireb Properties recently achieved ISO certification from the British Standards Institution for quality (ISO 9001:2015), environmental performance (ISO 14001:2015), and occupational health, safety (BS OHSAS 18001:2007) and international ISO 31000:2009 Risk Management Standard.

About Msheireb Downtown Doha

The Msheireb Downtown Doha (MDD) project aims to create a legacy for sustainable urban development in Qatar by reviving the old commercial district of Doha with a new architectural language that is modern, yet inspired by traditional Qatari heritage and design. The entire development is designed to consume fewer resources, generate less waste, lower costs and achieve a reduced carbon footprint. On completion, MDD will be the world’s largest certified sustainable community with over 100 commercial buildings, 900 residential units accommodating more than 2,600 residents and over 10,255 car parking spaces. The 310,000 square meter development can host over 60,000 visitors. All the planned buildings meet the LEED Gold standard for environment performance and some buildings will aim for a Platinum rating