North Field expansion and many other economic diversification projects will drive the national economy beyond 2022, noted Commercial Bank Group CEO Joseph Abraham.
The North Field expansion, construction on both the offshore and the onshore components, will provide a boost to the economy, Abraham said in an interview with Gulf Times Monday.
He noted Google Cloud has opened its first data centre in the Middle East in Qatar.
“I think this shows the diversification of the economy and the continuing international links that Qatar will be expanding,” Abraham noted.
He also highlighted Qatar’s emergence as a major international sporting centre.
Qatar is hosting the world’s largest sporting event - the 2022 FIFA World Cup from November 20 to December 18.
The 2023 Asian Cup football tournament will be held in Qatar. Qatar has also signed a deal to host Formula One from 2023.
Asked whether the country’s real estate sector will be able to keep momentum, Abraham noted: “I think definitely. The country’s real estate sector has adjusted over the last few years. On residential, I think we are seeing an upside and many of the policy initiatives that the government has done like residency, will encourage further investments, particularly in the residential (segment).
On Commercial Bank’s new branch opening at Hamad Port, the CEO said: “This shows our commitment to support Qatar National Vision 2030 and the country’s trading partners.”
He said the Hamad Port branch will have the full capability to provide excellent service to all segments of Commercial Bank customers including retail.
“We are grateful for the support we have received from Mwani Qatar and its CEO Captain Abdulla al-Khanji.
“At Commercial Bank, our name says it all. We support trade, economic development. Hamad Port is the epitome of Qatar’s global linkages. Record volumes testify this. As Qatar is hosting the FIFA World Cup, we believe this is the opportune time to support Qatar National Vision 2030.”
Abraham also said Commercial Bank would continue to open more branches across Qatar.
“We are looking to open a branch in Lusail City next year,” he said.
The North Field expansion, construction on both the offshore and the onshore components, will provide a boost to the economy, Abraham said in an interview with Gulf Times Monday.
He noted Google Cloud has opened its first data centre in the Middle East in Qatar.
“I think this shows the diversification of the economy and the continuing international links that Qatar will be expanding,” Abraham noted.
He also highlighted Qatar’s emergence as a major international sporting centre.
Qatar is hosting the world’s largest sporting event - the 2022 FIFA World Cup from November 20 to December 18.
The 2023 Asian Cup football tournament will be held in Qatar. Qatar has also signed a deal to host Formula One from 2023.
Asked whether the country’s real estate sector will be able to keep momentum, Abraham noted: “I think definitely. The country’s real estate sector has adjusted over the last few years. On residential, I think we are seeing an upside and many of the policy initiatives that the government has done like residency, will encourage further investments, particularly in the residential (segment).
On Commercial Bank’s new branch opening at Hamad Port, the CEO said: “This shows our commitment to support Qatar National Vision 2030 and the country’s trading partners.”
He said the Hamad Port branch will have the full capability to provide excellent service to all segments of Commercial Bank customers including retail.
“We are grateful for the support we have received from Mwani Qatar and its CEO Captain Abdulla al-Khanji.
“At Commercial Bank, our name says it all. We support trade, economic development. Hamad Port is the epitome of Qatar’s global linkages. Record volumes testify this. As Qatar is hosting the FIFA World Cup, we believe this is the opportune time to support Qatar National Vision 2030.”
Abraham also said Commercial Bank would continue to open more branches across Qatar.
“We are looking to open a branch in Lusail City next year,” he said.
