Ahlibank and the General Authority for the Regulation of the Real Estate Sector Sign Strategic MOU to Enhance Investor Protection in Real Estate Projects
7 May 2025
Doha, 7 May 2025 - In a significant step toward strengthening the real estate sector in the State of Qatar, Ahli Bank (Q.P.S.C.) and the General Authority for the Regulation of the Real Estate Sector (Aqarat) have signed a strategic Memorandum of Understanding (MOU) aimed at activating escrow account procedures for real estate development projects under construction, to protect the rights of all stakeholders.
The MOU was signed in the presence of H.E. Eng. Khalid bin Ahmed Al Obaidli, Chairman of the General Authority for the Regulation of the Real Estate Sector, and Mr. Hassan Ahmed AlEfrangi, CEO of Ahli Bank.
In an official statement, Mr. Hassan Ahmed AlEfrangi, CEO of Ahli Bank, said: “Ahli Bank is proud to be one of the first financial institutions to sign an MOU with the General Authority for the Regulation of the Real Estate Sector – Aqarat, reaffirming our commitment to supporting Qatar’s economic progress. The implementation of escrow accounts for real estate projects under construction is a strategic step toward strengthening investor protection, reinforcing transparency, and enhancing regulatory excellence. This agreement contributes to boosting confidence in Qatar’s real estate market and reinforces Ahli Bank’s position as a forward-thinking financial partner committed to delivering innovative banking solutions that empower real estate developers and support the sustainable growth of Qatar’s economy, in line with its future vision.”