Qatar National Bank (QNB), the largest financial institution in the Middle East and Africa (MEA), has officially inaugurated its branch in Gujarat International Finance Tec-City (GIFT City), marking a significant milestone in its global expansion strategy and making it the first MEA-based bank to establish operations in India’s premier international financial hub.
The new branch will cater to Indian corporations and global clients seeking robust banking solutions, offering a wide range of services including credit facilities, foreign currency financing, and trade solutions. QNB’s entry into GIFT City aligns with India’s growing status as a global economic powerhouse and its rise as a critical player in international manufacturing and supply chains.
Commenting on the launch of the new branch, Abdullah Mubarak Al Khalifa, CEO of QNB Group, said: “India’s banking sector is poised for rapid growth on the strength of robust economic growth prospects, and banks have demonstrated strong operational performance along with improving asset quality. With the opening of the GIFT City branch, QNB is expanding its footprint at an opportune time when Indian corporates are seeking strong banking partners to support their growth plans. Combined with QNB’s global outreach and expertise, as well as its pioneering role in shaping the international financial landscape, India presents long-term growth opportunities for wholesale banking.”
