QNB’s new four-story building at MDD will provide retail services, asset and wealth management and international corporates and global transactions
Msheireb Properties has announced the opening of the first bank in its flagship development project, Msheireb Downtown Doha (MDD) by QNB.
QNB, the largest financial institutions in the Middle East and Africa, and one of MDD’s first commercial tenants, will occupy its building and provide a range of services to individual customers and businesses.
QNB’s building is a commercial property located in MDoha, the "2nd Smartest City District in the World" and one of the world’s "most Sustainable City Districts".
Located adjacent to MDD’s underpass to Souq Waqif, QNB’s new four-story building will provide retail services, asset and wealth management and international corporates and global transactions. Moreover, the building will host the headquarters of QNB Capital, the bank’s subsidiary that provides an array of investment banking services within Qatar and globally.
QNB’s new building was designed and constructed according to the LEED New Construction 2009 certification system and will be targeting LEED Gold status now that it is operational.
LEED, or Leadership in Energy and Environmental Design, is the most widely used green building rating system in the world and is a globally recognised symbol of sustainability achievement.
For his part, QNB Group Acting CEO, Abdulla Mubarak al-Khalifa, said, ‘’ We are pleased to be part of this huge project that demonstrates Qatar’s great achievements in the properties sector through establishing a world class city district that will host the country’s leading organisations and companies in one place. This aids in promoting sustainability which is a common core interest shared by QNB, as the biggest bank in Qatar and Musheireb properties’’.
Msheireb Properties acting CEO Ali al-Kuwari said, “We are honoured to welcome the QNB to our flagship development project, Msheireb Downtown Doha. We have transformed the centre of Doha by building the world’s first smart and sustainable downtown regeneration project.
“As the leading bank in Qatar and the region, we are delighted to have QNB locate within MDD and their commercial operations benefit from being in city district built according to the highest standards of sustainable practice.”
Overall energy savings for the QNB building is targeted to be 44.5%, with renewable energy generated by roof mounted solar thermal panels for domestic hot water generation. Some 20 roof mounted solar thermal panels provide 31% of the buildings domestic hot water generation.
The potable water saving is 24%, while the landscape water saving is 100%, with no potable water use. Efficient landscape water usage, utilising drip irrigation and selected plantings, reduces water consumption by 52% compared with conventional design.
The overall potable water saving for the building is 88% due to non?potable water use in the district cooling plant cooling towers, irrigation and flushing fixtures. Non?potable water is generated for QNB building through collection of air conditioning condensate, which is estimated to generate 143 cubic meters.
A comprehensive measurement and verification plan will be implemented for the building, ensuring all building energy is monitored through the building management system (BMS) to evaluate the energy performance of the building and compare predicted performance to actual performance.
Msheireb Downtown Doha is the first truly sustainable regeneration project from inception, to delivery and finally use, with all buildings guaranteeing optimal consumption of water and energy.
Through adopting the highest standards of sustainability practices, Msheireb Downtown Doha paves the way for other developers to follow suit and adhere to measures set by the Qatar Green Building Council.
“It is our goal to help Qatar realise its National Vision 2030, by taking great strides in sustainability practices within the real estate sector,” Msheireb Properties said.
