Hussein Alfardan (third right) with Mohamed Kandeel, chief operating officer, Alfardan Group – Automotive Operations; Omar Alfardan; Brett Soso, regional director (Middle East, Africa and Latin America), Rolls-Royce Motor Cars; Müller-Ötvös; and Richard Carter, director (Global Communications) Rolls-Royce Motor Cars in Doha.

Rolls-Royce Motor Cars’ chief executive officer, Torsten Müller-Ötvös, visited Qatar recently to hold meetings with officials of Rolls-Royce Motor Cars Doha, part of Alfardan Group and the sole authorised dealer of the ultra-luxury marque in Qatar.

The visit marks strong recognition by the pinnacle brand for the dealer’s impressive performance in recent years, in particular for its consistent ranking among the top-five performing regional dealers in terms of sales.

“The excellent results achieved by Rolls-Royce Motor Cars Doha year-on-year have helped contribute significantly to the brand’s exceptional sales in the Middle East, which in turn has helped fuel our growth globally,” said Müller-Ötvös during his visit to Qatar.

“Qatar’s discerning customers, whose tastes and exacting requirements are met by our extraordinary cars, also demand a pinnacle dealership experience, which is perfectly delivered by Rolls-Royce Motor Cars Doha. I want to therefore take this opportunity to thank the team in Qatar for its unwavering pursuit of excellence and commitment to our brand.”  Qatar was the fastest-growing market for Rolls Royce Motor Cars in the Middle East last year, with its Doha dealer achieving a sales increase of 37% over 2012. This, coupled with the recent announcement of a further 37% surge for the third quarter of this year, clearly demonstrates the success of the company’s business strategies and increasing strength of the ultra-luxury car market in Qatar.

During the course of Müller-Ötvös’ visit, Omar Alfardan, president and CEO of Alfardan Group, discussed with the delegation the importance of Rolls-Royce Motor Cars Doha’s ongoing focus on exceptional customer service, its premium facilities to cater for the brand’s ongoing growth, and future plans to ensure continued success.

“Alfardan Group’s continuing pursuit of luxury, sophistication and excellence is clearly demonstrated in our partnership with Rolls-Royce; underlining the success of Rolls-Royce Motor Cars Doha as one of the region’s top-performing distributors of premium automobiles. We are pleased with the visit of Müller-Ötvös, which emphasises the strength of our partnership though our shared passion towards luxury and excellence. I believe that our distinct business culture and leadership status within niche luxury markets are important factors that have contributed in offering an ownership experience at every step of the Rolls-Royce journey; recognised in the pursuit of excellence and quality through every aspect of this iconic brand, by offering the very best in craftsmanship, engineering, driveability and exclusivity,” Alfardan said.

 

3rd annual Euromoney Qatar conference to focus on realty

The 3rd annual Euromoney Qatar conference that opens in Doha today is set to examine a full range of key topics impacting the national, regional and global economies, with the real estate sector set to be a particular area of focus.  The two-day conference based on the theme “Global finance: re-launched,” will be held at the Ritz-Carlton Doha.

Qatar’s fast-growing economy and rising population are creating significant opportunities for investors, as well as for local and international banks. Real estate prices hit record highs in June 2014, after rising 28.9% year-on-year, according to Qatar Central Bank’s Real Estate Price Index (REPI).

Increasing real estate activity has delivered a knock-on effect on bank lending levels.

According to Qatar Central Bank, loans to the real estate and contracting sectors were now worth more than 20% of all credit advanced by commercial banks in Qatar.

A special panel on “Building the future: opportunities in the Qatari real estate sector,” will be held on the second day of the Euromoney Qatar conference. Panel speakers will include Jeremy Scott, senior associate — real estate, Al Tamimi & Company and Peter Bibby, director and Qatar country manager, Colliers International.

Richard Banks, director, Euromoney Qatar Conference, said, “Population growth and increasing development are creating strong demand for housing and office space within Qatar, particularly as work on many of the country’s mega-projects picks up speed. This year’s Euromoney Qatar Conference will examine the changing regulatory climate that will make it easier for international financial organisations to play a bigger role in this dynamic and fast-changing market.”

The Euromoney Qatar Conference, which is co-hosted by Qatar Central Bank, has become a financial industry must-attend event. Prominent figures from Qatar who are scheduled to speak include Ooredoo chairman HE Sheikh Abdullah bin Mohamed bin Saud al-Thani, Amwal founder and chairperson Sheikha Hanadi Nasser bin Khaled al-Thani, and Aisha Mohammed Saad al-Nuaimi, investment director, General Retirement and Social Insurance Authority (GRSIA).

Other panels include “Changes in the global regulatory environment and their impact on the GCC Eurozone outlook for 2015”, “Trading and issuance implications of post-crisis debt market’s liquidity”, and “The world in 2015: the macroeconomic outlook”.

The Euromoney Qatar Conference 2013 brought together more than 600 people from 30 countries for a multiplatform — live and online — financial debate in Doha. This year’s Euromoney Qatar will bring together even more of the world’s leading players and thinkers in finance, with a cross section of Qatar’s financiers and international investors.

 

 

 

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