Msheireb: UBS Contracts New Office Space in Downtown Doha
Portfolio | Jan 21, 2025 | Zawya
UBS and Msheireb Properties have signed a contract for the establishment of UBS's new office in Msheireb Downtown Doha, aligning with Qatar's long-term vision for sustainable urban development. The partnership underscores UBS's ambition to expand its regional presence in Qatar by consolidating its wealth management business in this smart and ecologically sustainable district. The relocation to the new office space in the Doha Design District is expected by late 2025. This move highlights UBS's strategic growth and emphasizes Msheireb Downtown Doha’s appeal as a burgeoning hub for business excellence and innovation due to its sustainable and technologically advanced environment. Msheireb Properties, a subsidiary of Qatar Foundation, is committed to enhancing urban living through their cutting-edge development projects, while UBS leverages its global banking capabilities to provide bespoke financial services. Both organizations celebrate this expansion as a testament to Doha's prominent role in global business dynamics.
Sectors
- Real Estate Development
- Wealth Management
- Sustainable Urban Planning
Geography
- Qatar – The new office development is located in Msheireb Downtown Doha, Qatar.
- Switzerland – UBS, headquartered in Zurich, Switzerland, is expanding its operations in Qatar as part of its global strategy.
Industry
- Real Estate Development – Msheireb Properties is a leading sustainable property developer responsible for the urban development of Msheireb Downtown Doha.
- Wealth Management – UBS is enhancing its wealth management services in Qatar through this strategic office relocation.
- Sustainable Urban Planning – Msheireb Downtown Doha represents a shift towards innovative and sustainable urban living, crucial in the context of Qatar’s 2030 Vision.
Financials
- 6.2 trillion dollars – The amount of invested assets managed by UBS after its acquisition of Credit Suisse.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Msheireb Properties | Real Estate Developer | Company | A subsidiary of Qatar Foundation, leading sustainable property development in Qatar. |
| UBS | Wealth Management Firm | Company | A Swiss global wealth management and universal banking institution expanding in Qatar. |
| Qatar Foundation for Education, Sciences and Community Development | Stakeholder | Organization | The parent organization of Msheireb Properties, supporting sustainable development in Qatar. |