Qatar's largest private commercial bank chooses Sydney
16 January 2015
Australia has the largest pool of funds under management in Asia. As the financial centre for Australia, Sydney was the clear choice for Doha Bank to establish its Representative Office.
The Doha Bank Australia Representative Office was established in Sydney in December 2012, to promote Australian business to its branches in Qatar, the UAE and Kuwait.
Doha Bank has become the first bank in the Gulf Cooperation Council (GCC) region in the Middle East to establish its presence in Australia.
Opportunities for NSW businesses
Trade relations between Australia and the GCC region are growing and the two regions continue to discover new avenues for partnership, particularly in industry and specialised services.
The Chief Representative of Doha Bank Australia, Hilton Wood, said the Middle East is home to a number of thriving economies with good opportunities for Australian companies.
The Representative Office also assists Australian companies that are doing business in the Middle East, including presenting investment opportunities.
Assisted by NSW Trade & Investment
The NSW Trade & Investment Commissioner in the Middle East provided in-market advice and assistance to Doha Bank before it established its presence in Sydney.
NSW Trade & Investment also introduced Doha Bank to NSW companies doing business in the Middle East, enabling the bank to offer its services.
The Middle East is one of 10 priority international markets for NSW. NSW Trade & Investment has an office in Abu Dhabi in the UAE.