Qatari Diar signs lease agreement with QFCA to relocate headquarter to Lusail Boulevard

February 2, 2023

Doha: Qatari Diar Real Estate Investment Co. and the Qatar Financial Centre Authority (QFCA) have signed a lease agreement for the relocation of the QFCA’s headquarters to Lusail Boulevard. The agreement includes the lease of around 6,200 square meters of office space in one of the state-of-the-art buildings located in Lusail Boulevard and the actual relocation of the QFCA to its new state-of-the-art premises is expected to take place during the first half of 2024.

The agreement was signed by Eng. Abdullah bin Hamad Al Attiyah, CEO Qatari Diar Real Estate Investment Co., and Yousuf Mohamed Al Jaida, Chief Executive Officer and Board Member, QFCA.

Commenting on the signing of the agreement, Eng. Abdullah bin Hamad Al Attiyah, CEO of Qatari Diar, said: “We are delighted to sign this agreement today with QFCA, one of the key drivers of Qatar’s economic growth. We are also pleased that QFCA has selected Lusail City, and Lusail Boulevard in particular, as the new location for its headquarters, joining a highly distinguished group of governmental institutions and bodies. This will truly enhance the overall competitive advantage of the city as an ideal destination for businesses in Qatar”.

He added: “Selecting Lusail Boulevard, which has become one of the most attractive destinations in the State of Qatar, for QFCA’s headquarters promotes Lusail City as a prime destination for businesses and financial services. It’s also a significant step that adds a strong advantage and increases the value of the numerous investment opportunities within the city. Furthermore, moving to the new headquarters will allow QFCA to be close to major financial institutions such as Qatar Central Bank (QCB), Qatar Investment Authority (QIA) and Qatar National Bank (QNB), in addition to other financial institutions and entities that have recently relocated to the area”.


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