QDB has lent QAR 9 bn to SMEs

05/11/20

The portfolio of Qatar Development Bank (QDB) in terms of direct lending has reached QAR 9 bn. It has issued support guarantees to more than more than 3,500 companies as part of an program to balance the impact of Covid-19. QDB is committed to promote and support the start-ups and small/medium sized enterprises (SMEs).

It offers subsidised lending to businesses and projects in key sectors such as agriculture, fisheries and livestock. In addition to direct lending, QDB also engages and involves local banks to provide financing and funding.

The State of Qatar is an ideal destination for start-ups, scale-ups and SMEs considering the geographical location, a world-class infrastructure including airports and seaports, the low cost of utilities, a business-friendly environment and a high-speed internet.

One of the biggest issues for start-ups, scale-ups and SMEs in the Middle East is the accessibility of financing or funding through venture capital and private equity. It hinders the advancement or enhancement of the ecosystems.

QDB and other stakeholders in the public and private sector address the issue with new programs and in different ways.

Please click on the link and reach out to learn more about the new programs and the different ways of raising financing or funding in the State of Qatar and Business Start Up Qatar. It would be our pleasure to introduce you to initiators, promoters and supporters, partners and/or financiers and investors.

Other News

BSUQ News 6 - Thumb

QICDRC’s role in promoting Qatar as a hub for investment

The Qatar International Court and Dispute Resolution Centre (QICDRC) has celebrated the 10th anniversary. It has achieved a specialist reputation as an international court, while also promoting and supporting...

Read more
BSUQ News 5 -Thumb

QDB to hold a virtual Investment Forum in December

Qatar Development Bank (QDB) announced the first virtual edition of the Investment Forum to be held on Tuesday, 01/12/2020 under the theme ‘Business Transformation and Growth’....

Read more
News 4 - Thumb

Entrepreneurs pitch tech-ideas at QSTP’s virtual ‘Demo Day’

The local tech innovation community saw eleven groups of entrepreneurs pitch their ideas at the “Demo Day” of the 10th edition of the XLR8 programme of Qatar Science and Technology Park (QSTP).

Despite...

Read more
News 3 - Thumb

Manateq to invest in industrial zones

The Economic Zones Company – Manateq has announced to invest more than QAR 10 bn (USD 2.75 bn) as part of a five-year plan for new projects and to develop the infrastructure in the industrial zones of...

Read more
News 2 - Thumb

Qatar’s Attractive Investment Climate showcased

The benefits of Qatar`s free zones and the country’s attractive investment climate were recently showcased at a virtual event hosted by the Los Angeles World Affairs Council & Town Hall.

The State...

Read more
News 1 - Thumb

QDB concludes Rowad Qatar 2020 for entrepreneurship

The Qatar Entrepreneurship Conference - Rowad Qatar 2020 - recently concluded in Doha. The event was organised by the Qatar Development Bank (QDB) as part of the Global Entrepreneurship Network (GEN) movement....

Read more
Banking Guide  - Thumb

Banking in Qatar – A Guide

This helpful guide will explain all about banking in Qatar.

The country maintains a substantial network of national and international banks and banking in the country is easy. Qatar’s Wage Protection...

Read more
QBIC LMP - Thumb

QBIC launches second wave of Lean Manufacturing Program

Qatar Business Incubation Center (QBIC) recently launched the second wave of their Lean Manufacturing Program (LMP) for local entrepreneurs with the interest to learn more about...

Read more

Page Break