QFC in pact with IMAR as it moves to Lusail

The Qatar Financial Centre Authority (QFCA) has signed a pact with IMAR Trading and Contracting, one of the largest privately held construction companies in the region, ahead of its move to Lusail, the country’s burgeoning smart city.
The QFC is set to occupy a 6,200sq m office space in Lusail Boulevard in early 2025, joining major financial institutions that have chosen the prime location as their future headquarters. Under the memorandum of understanding (MoU), IMAR will handle the fit-out for the new QFC office.
The QFC and IMAR will collaborate to develop and expand the financial district and facilitate the relocation of financial institutions to Lusail Boulevard, the QFC’s new address.
By integrating advanced technology and innovation, both parties aim to improve efficiency and the overall quality of facilities and services within the district.
"Entering into a MoU with IMAR holds considerable importance to the QFC, particularly as we prepare for our transition to Lusail Boulevard. This partnership establishes a vital link between the financial sector and the construction industry, enabling us to contribute to the development of essential and sustainable infrastructure tailored to the needs of Qatar's financial institutions," QFCA chief executive officer Yousuf Mohamed al-Jaida said.
Mustafa Kassar, managing director, IMAR, said it is committed to delivering projects to the highest standards of workmanship.
"We are pleased to partner with the QFC and jointly embark on a journey to elevate standards, delivering turnkey solutions that define excellence in every aspect of project delivery," he added.
"Our partnership with IMAR symbolises a convergence of shared vision and mutual interests aimed at driving progress across our industries. Through this MoU, we will harness our collective expertise, resources, and capabilities to foster growth and innovation in Qatar," said Abdulla Mohamed al-Hajri, chief operating officer, QFC.