Bahraini Spirit
December 23rd, 2004, 01:21 PM
Hi fellas, hope you're all cool. Sorry been away for a while, due to travelling and being busy with family and study. Well, I'll be taking pics of some buildings in bahrain later on maybe in the next week and a half and uploading them later. BTW, Merry Xmas to all who celebrate it. Anyways, here is good news for qatar, no rendering though, enjoy:
Qatar National Bank (QNB) has signed a $125m term loan facility deal to finance the construction of the tallest building in Qatar and a state-of-the-art gymnasium, said a report.
The 232-metre-high 'Doha High-rise Office Building', a 44-storey cylindrical complex, has been designed by French architect Jean Nouvel.
This project will be a new landmark for the city, said a top official.
The building, owned by Shaikh Saoud bin Mohamed Al Thani, is situated in the 'New Doha' area near the Sheraton Hotel, will have a unique architectural design and feature several panoramic lifts.
The building is expected to be completed in February 2007.
"Today's deal reflects QNB's ongoing strategy to invest in the country's growing property market," said Vince Cook, general manager corporate banking and capital markets, who signed the deal on behalf of QNB.
"QNB now holds Qatar's largest share in property financing with more than 70 per cent of the new projects being undertaken by Qatari private sector," he said in remarks published in the Peninsula newspaper.
Hamad Al Duhaimi signed the deal on behalf of Shaikh Saoud bin Mohamed Al Thani.
He said QNB's loan will be used to fund all construction phases.
"We noted that QNB was actively engaged in many projects that are changing Doha's skyline and this particular project will create an impressive new beacon heralding our rapid expansion.
"We consider QNB as a partner in this ambitious project and not just a financer.
"I'm sure that by the end of this decade, a new, dynamic image will have significantly evolved," he added.
Qatar National Bank (QNB) has signed a $125m term loan facility deal to finance the construction of the tallest building in Qatar and a state-of-the-art gymnasium, said a report.
The 232-metre-high 'Doha High-rise Office Building', a 44-storey cylindrical complex, has been designed by French architect Jean Nouvel.
This project will be a new landmark for the city, said a top official.
The building, owned by Shaikh Saoud bin Mohamed Al Thani, is situated in the 'New Doha' area near the Sheraton Hotel, will have a unique architectural design and feature several panoramic lifts.
The building is expected to be completed in February 2007.
"Today's deal reflects QNB's ongoing strategy to invest in the country's growing property market," said Vince Cook, general manager corporate banking and capital markets, who signed the deal on behalf of QNB.
"QNB now holds Qatar's largest share in property financing with more than 70 per cent of the new projects being undertaken by Qatari private sector," he said in remarks published in the Peninsula newspaper.
Hamad Al Duhaimi signed the deal on behalf of Shaikh Saoud bin Mohamed Al Thani.
He said QNB's loan will be used to fund all construction phases.
"We noted that QNB was actively engaged in many projects that are changing Doha's skyline and this particular project will create an impressive new beacon heralding our rapid expansion.
"We consider QNB as a partner in this ambitious project and not just a financer.
"I'm sure that by the end of this decade, a new, dynamic image will have significantly evolved," he added.