Qatari Diar, QNB Sign Deal to Finance Huzoom Lusail Purchase

Qatari Diar has signed a strategic agreement with Qatar National Bank (QNB) Group to offer land loans for Huzoom Lusail project purchasers. Under this agreement, investors and buyers will find flexible financing solutions to buy plots at one of the most ambitious projects in Lusail City- a strategic step intended for developing the partnership between Qatar's financial and real estate sectors and boosting support the urban renaissance projects. The Memorandum of Understanding was signed by Qatari Diar's Chief Development and Asset Management Officer, Eng. Fahad Abdullatif Al Jahrami, and Senior Vice President at QNB Group Retail Banking Division, Adel Ali Al Malki. The two parties voiced hopes the deal would beef up the real estate market and pave the way for further joint initiatives that meet the customers' needs. Al Jahrami said Qatari Diar was always keen to offer groundbreaking solutions that provide investors with distinctive opportunities to own land in one of the most promising locations in the co untry and contribute to driving the wheel of real estate development in Qatar. Al Malki said the partnership is part of QNB's strategy to provide innovative financing solutions that meet the needs of customers and contribute to enhancing their real estate investments. One of Lusail City's key real estate projects, Huzoom Lusail is one of the ambitious projects that reflect Qatar National Vision 2030, and it aims to diversify the economy and enhance investments in infrastructure and urban development. The project is distinguished by its strategic location in the north of Lusail City, largest sustainable city in Qatar and represents a symbol of the rapid urban development in the country. Source: Qatar News Agency