QIIB, Qatari Diar sign MoU financing customers’ purchase Huzoom Lusail Plots

Doha, Qatar: QIIB and Qatari Diar Real Estate Investment Company have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in the...

Doha, Qatar: QIIB and Qatari Diar Real Estate Investment Company have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in the field of real estate development and financing, by enabling the bank to provide financing for the purchase of plots in the Huzoom Lusail project (a key real estate development in Lusail City wholly-owned by Qatari Diar), in line with the financing terms and conditions approved by the bank.

The MoU was signed by Dr. Abdulbasit Ahmad Al Shaibei, QIIB Chief Executive Officer and Eng. Ali Mohamed Al Ali, Chief Executive Officer of Qatari Diar, in the presence of senior officials from both sides.

This agreement represents an important step in supporting the significant urban development taking place in Lusail City, which has become one of the most prominent residential, commercial, and investment destinations in Qatar, attracting increasing interest from both individuals and companies.

Huzoom Lusail project, is part of Lusail City, and is one of the ambitious developments that aligns with Qatar’s Vision 2030, and which aims to diversify the economy and boost investments in infrastructure and urban development.