Approved: Abdulla Bin Khalid Tower (38F, Commercial)

[Halawala]

http://img155.imageshack.us/img155/7485/burjdt5.jpg (http://imageshack.us)

Owner: Abdulla Bin Khalid Al-Thani
Cost: 316 million QR
Period of Construction: 24 months
Floors: 38
Building Type: Commercial

[Qatar Son 333]

nice looking good 24 months to finish !!!! so were in west bay is this city center road i guess

[qatari 4 ever]

Nice tower :banana:

[suzan]

Nice!!

[Massilia]

I like it!

[dave550]

This will look good when it's done, inshalla

[Qatar Son 333]

for some reson i cant see th pic

[Massilia]

QIB: 317 million-funding for Sheikh Abdullah B. Khalid's Tower

Qatar Islamic Bank signed recently an Istissna' Contract with H.E. Sheikh Abdullah Bin Khalid Al Thani, for the construction of an Office Tower at an aggregate cost of 317 million Riyals.

http://www.ameinfo.com/images/news/3/33173-Th.jpg

Mr. Mansour Al Muslih, QIB board member attended the signing of the contract.

In parallel, the bank signed a Construction Contract with "RAMCO" Trading & Contracting Co. and a third contract with SABENA Engineering Consultants for Supervision.

Mr. Abdullatif Al Meer, AGM-Business Group, and Mr. Adel Hassan, Executive Manager- Corporate Financing, signed the contracts on behalf of QIB along with Messrs. Anwar Al Qawasemi for the Contractor and and Ra'ed Salem for the Consultant respectively.

Mr. Al Meer stated on this occasion that the signature of this contract represents an asset to the bank's financing activities directed towards the national urban development projects and a new ceiling to the bank's Istissna Portfolio limit.

He confirmed further that QIB is well-known for its successful Islamic Funding Strategy vide Istissna Contracts, to the extent that its experience in that field has inspired other banks to follow its steps.

Stating that QIB is always developing its Islamic financial tools to cope with the fast-growing Islamic financing services industry, he mentioned the cases of transformation taking place with a number of financial establishments that have "Islamized" themselves or those which opened "Islamic Outlets/Windows" for that purpose.

Mr. Al Meer stated finally that QIB is currently working on a long-term strategy that would consolidate its pioneering role locally and abroad. It aims at enlarging the bank's retail & corporate service base and incorporating investment activities abroad. This would, in the long run, realize diversification of income resources through selective quality investment opportunities.

Other officials attended the signature ceremony namely, from QIB: Mr. Ala' Riyadh, Manager/ Corporate Financing and EngS.Mohamed Al Afifi, A Zahed Bachir, R-E Dept., in addition to Eng. Manal Al Remmawi, Contractor's Operation Manager, and Eng. Emad Al Azzi, Contractor's Project Manager.

[Qatar Son 333]

so its gonna be a bank or the bank will build the tower?

[suzan]

Might be offices for the bank admin section?

[Qatar Son 333]

??? maybe

[POWER OF QATAR]

did any one figure out where its going to be located at?..... OK Westbay!!!...... but were in Westbay....????

[4I.â.B4]

hieght?