Doha - The Qatar International Islamic Bank (QIIB) has leased from the Public Works Authority (Ashghal) a first section of the multi-storey car-park at Grand Hamad Street.
The twin-complex car-park which was built by Ashghal at a cost of QR 73m, consists of six floors each with a total capacity of 1,147 cars.
Dr Abdul Raouf Mohammed Al Rashid, Director of Evaluation and Engineering Affairs' Department at QIIB said that QIIB has signed an agreement with Ashghal for an annual leasing to operate the first section of the multi-storey car-park which has now been completed.
He added that QIIB has also signed up Qatar Islamic Bank (QIB), Commercialbank, Qatar National Bank (QNB) and HSBC for the use of the facilities.
Al Rashid pointed out that in cooperation with other banks to help streamline traffic congestion in this vital part of the capital, a decision has been made by the managements to allocate 65 per cent of the 655 parking lots to bank employees.
The committee formed by the banks to follow up the issue also resolved to allocate 35 per cent of the parking lots on the first two ground floors to the public. The services are to be provided at a QR 5 fee.
© The Peninsula 2006
