QDB spearheads new initiatives for Qatari businesses in Russian market

13/05/21

Qatar Development Bank’s (QDB) investment arm has assisted nine Qatari enterprises to enter the Russian market most recently as part of the “soft landing” program in association with the Skolkovo Foundation.

The initiative is part of QDB’s strategy to create more opportunities and possibilities for small and medium enterprises (SMEs) in line with the Qatar National Vision (QNV) 2030.

The contribution of QDB is a recognition of the challenges of SMEs in attempting to enter new international markets. QDB assists this transition in collaboration and cooperation with international partners like the Skolkovo Foundation for Qatari enterprises to expand and to integrate.

Similarly, the Skolkovo Foundation assists entrepreneurs to enter the Russian market. It focuses on developing an innovation ecosystem with access to market intelligence and facilitating the association with partners in the country.

Thirty-three enterprises from fourteen countries were selected to participate in the most recent edition of the “soft landing” program. They were able to present their ideas, to attend conferences for networking and to discuss potential financing or funding from investors in Russia. Three Qatari enterprises - Sponix, Droobi and Subol - were ranked among the top five participants in the program.

In a demonstration of the close ties between Qatar and Russia, senior representatives of the two sides participated in the most recent online session of the Coordinating Council of the Russian-Arab Business Council. The council is considered an important economic, trade and investment platform for Arab-Russian cooperation.

Business Start Up Qatar is working with the most relevant stakeholders in the two countries to raise awareness of opportunities and possibilities in Qatar and Russia. Please click on the link and reach out to learn more about the initiatives as well as Business Start Up Qatar.

Other News

BSUQ News 111 - Thumb

LNG expansion will positively affect Qatar’s economic growth

Qatar’s plans to expand the Liquefied Natural Gas (LNG) capabilities and capacities promise a major boost to the growth of the national economy. The expansion results in a projected surplus between 2021...

Read more
BSUQ News 110 - Thumb

Qatar’s economic performance improved in first quarter

Qatar’s budget for the first quarter of this year was exceeded by QAR 200 million (USD 54.8 million). The surplus is partly related to the most recent increase in the oil prices, the level of budgetary...

Read more
BSUQ News 109 - Thumb

Investments in digital sector at all-time high in Qatar

Qatar has witnessed a lot of investment in the digital sector in line with the digital transformation of the country and the establishment of a knowledge-based economy as set out in the [Qatar National...

Read more
BSUQ News 108 - Thumb - Old

Qatar prepares for additional reforms to attract more FDI

With the world’s economy coming to a near standstill in 2020, economists from around the world have shared various analyses into how national economies will perform after this impasse related to the...

Read more
BSUQ News 107 - Thumb - Old

Qatar stakeholders continue to support SMBs and SMEs

The collaboration and cooperation of the public sector and the private sector will strengthen the position of the State of Qatar as a hub for business, trade and investment in the Middle East.

The...

Read more
BSUQ News 106 - Thumb - New

Qatar issues new travel and return policy

Qatar`s Ministry of Public Health has announced a new travel and return policy that waives hotel quarantine requirements...

Read more
BSUQ News 105 - Thumb - New

Qatar expands trade and investment relations with Russia

Qatar and Russia celebrated the St. Petersburg International Economic Forum (SPIEF 2021) in Russia in June, where the State of Qatar was represented as a “guest country”.

SPIEF...

Read more
BSUQ News 104 - Thumb

M7 and QSTP partner to target Qatar’s fashion and design sectors

M7 and Qatar Science & Technology Park (QSTP) have announced a partnership to strengthen Qatar`s entrepreneurship ecosystem.

The agreement provides for M7, an affiliate...

Read more

Page Break