HSBC has announced plans to move its Qatar Head Office to Msheireb Downtown Doha. The bank opened its first digitally focused branch in Msheireb in the Galleria Mall in 2020. 

 

With the move the bank plans to consolidate its operations in one of the most sought-after areas in the country.

 

In a statement about the move, Eng Ali Mohammed Al Kuwari, CEO of Msheireb Properties, said: “This move by HSBC is a clear indication of the growing importance of Msheireb Downtown Doha as a top destination for global businesses. We are proud to provide a location that caters to the needs of world-class institutions.

 

“HSBC’s decision to establish its headquarters in Msheireb Downtown is a strong endorsement of our vision for a sustainable and forward-thinking community. The district is not just a business hub but a place that reflects the future of urban development in Qatar,” Al Kuwari added.

 

Abdul Hakeem Mostafawi, Chief Executive of HSBC Qatar, also shared his thoughts on the decision: “Our relocation to Msheireb Downtown Doha, which is the heart of Qatar’s economic expansion, is in line with our business objectives and values to open up a world of opportunity for growth and enhancement of the banking experience for our customers. Msheireb Downtown Doha offers an ideal location within a modern, sustainable environment that supports our business objectives and values.”

 

Msheireb Downtown Doha continues to establish itself as a leading business district, attracting top multinational companies and institutions. The district’s prime location is complemented by its state-of-the-art infrastructure and commitment to sustainability. With this move, HSBC will join a growing list of major organisations setting up operations in the area.

 

The Qatar International Media Office recently announced its move to the downtown, emphasising its increasing prominence as a global hub for business and media. Additionally, Qatar Airways revealed plans to relocate its global headquarters to Msheireb Downtown Doha, also in 2025, further cementing the area’s reputation as a key international destination for major corporations.

 

Msheireb Downtown Doha remains at the forefront of growth in Qatar. With its combination of strategic location, modern infrastructure, and sustainable design, the area is poised to be a major player in shaping the future of Qatar’s business environment. -TradeArabia News Service