HSBC is the first bank to establish a presence in Qatar Free Zones

HSBC is the first bank to establish a presence in Qatar Free Zones

Abdul Hakeem Mostafawi, CEO of HSBC Qatar, and Lim Meng Hui, CEO of Qatar Free Zones Authority (QFZA), officially opened the first ATM in Qatar Free Zones (QFZ) on Sunday. HSBC is the first bank to establish a presence in QFZ, offering an ATM as well as visiting relationship managers to support retail and corporate customers. The initial ATM is located in Ras Bufontas Free Zone, with plans to open additional ATMs in the future.

“We are very proud to be the first bank in Qatar Free Zones, to support customers with our advanced digital services available on the ATM. Qatar Free Zones are one of the most important developments in Qatar to support economic transformation and open up opportunities for new companies to establish in Qatar. HSBC is best placed to help these customers with their banking needs in Qatar and abroad,” said Abdul Hakeem Mostafawi, CEO of HSBC in Qatar.

“We are pleased to welcome HSBC to Qatar Free Zones as our first banking partner. HSBC will provide valuable services to our 200+ investors in the free zones, and we look forward to working closely with them on various financial and sustainability initiatives,” said Lim Meng Hui, CEO