Digital

QIB contributes to co-finance the Qatar Rail Red Line-North Underground project

QP

QIB Press

Digital Desk

Sep 30, 2013 | 8 Minutes

Image related to a metro or infrastructure project.

Qatar Islamic Bank (QIB) – the leading Islamic bank in Qatar – has contributed to co-finance the Qatar Rail – Red Line North Underground project as part of a consortium of Banks.

Mr. Bassel Gamal, QIB’s Group CEO, quoted: “QIB grants special attention to strategic projects in the State of Qatar, and accordingly directs large share of its financing operations to cater the increasing demand of Islamic finance to infrastructure projects. We take pride in co-financing these enormous transportation projects in Qatar.”

He also added: “We recently managed to co-finance a number of ventures along with other Qatari, regional and global banks. This anchors the cooperation efforts between various banking institutions to provide proper financing towards pioneering projects; heralding a new phase of Qatar’s journey towards economic growth.”

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