1. Local advantages: Project owners located in both UAE and Qatar generally only accept letter of guarantee from local banks under most conditions.
2. Local Laws: Having better understanding about the GCC law system (GCC countries including UAE, Qatar, Saudi Arabia, Bahrain, Oman, Kuwait)
3. Price advantage: Providing better offer in fee charges of letter of guarantee.
4. Currency diversity:
ICBC (Middle East) Ltd. could open letter of guarantee in US Dollar, Euro, and GCC local currencies accept Dirham;
ICBC Doha Branch and ICBC Abu Dhabi branch could open letter of guarantee in US Dollar, Euro, and GCC local currencies.