In a significant development for Qatar’s real estate sector, Qatari Diar, a leading real estate company, has announced a partnership with Qatar National Bank (QNB) Group to provide financial support for buyers of the Huzoom Lusail project. This collaboration aims to facilitate flexible financing solutions, enhancing accessibility for investors interested in acquiring plots within one of Lusail City’s most ambitious developments.
The Memorandum of Understanding (MoU) was formally signed by Eng. Fahad Abdullatif Al Jahrami, Chief Development and Asset Management Officer at Qatari Diar, and Adel Ali Al Malki, Senior Vice President of QNB Group’s Retail Banking Division. This strategic alliance seeks to bridge the gap between Qatar’s financial and real estate sectors, fostering growth in urban renaissance initiatives throughout the nation.
Al Jahrami emphasized Qatari Diar’s commitment to providing innovative solutions that offer distinctive opportunities for investors. He noted that the Huzoom Lusail project represents one of the most promising locations in Qatar, poised to drive growth in the real estate market.
Al Malki echoed these sentiments, highlighting that this partnership aligns with QNB’s strategy to deliver innovative financing options tailored to customer needs, thereby enhancing their real estate investments.
Huzoom Lusail is a landmark project within Lusail City, which is celebrated as Qatar’s largest sustainable city. This initiative is designed to align with the objectives of Qatar National Vision 2030, aiming to stimulate economic growth and boost investments in both infrastructure and urban development. Strategically situated in the northern part of Lusail City, Huzoom Lusail serves as a testament to the nation’s rapid urban development and its commitment to creating a vibrant and sustainable future.
The agreement marks a significant step forward in enhancing Qatar’s real estate market and paves the way for further collaborative efforts to meet customer demands in this dynamic sector.
