Published: Sep 21, 2014
Source: Peninsula Qatar


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QIB is bank sponsor for forum of contractors

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, is to be the official bank sponsor of the Qatar Contractors Forum and the second Annual Qatar Contractors Awards, to be held on September 22 to 23 at in Qatar.

The event is bringing together decision makers who are involved with various major projects in Qatar, to discuss the emerging challenges faced by contractors in the country, together with their projects, objectives, financial requirements, procurement strategies, finding reliable partners, and analysing funding options that will facilitate greater profitability.

This important economic forum is taking place at a time when the Qatar is undergoing a large urban renaissance in preparation to host the 2022 World Cup, and following Qatar National Vision 2030.

Where massive investments in Qatar’s infrastructure include the construction of the recently inaugurated Hamad International Airport, the new Doha port project and the Qatar Railways project, for the design and construction of tunnels and stations for the initial phase of the Doha Metro. All of these and other related projects have multiple areas of construction contracts estimated to be worth up to $140bn over the next five years.

Bassel Gamal, QIB’s Group CEO, said there are reasons for QIB to take on the role of the Official Banking Partner of this event. “QIB is a leading Islamic financial institution in Qatar — and the region as a whole — to provide Islamic financial solutions for the implementation of large projects,” he said. The Peninsula

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