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Doha - Qatar Development Bank announced today the launch ofthe International Tender Services, which aims at enhancingthe exports sector in Qatar and opening new markets for Qatari SMEs globally.
The new service has been launched in cooperation with French company"InfoTrade 2000," which is considered a global leader in this field.
The service aims atproviding SMEs in Qatar with information on international tenders via e-mail as well as the website.SMEs will also be able to get all the information they need to know about tenders around the world. The service reflects the Bank's efforts in supporting and developing local non-oil export sector, and underscores the importance of opening new markets for Qatari companies, through the export arm of the Bank "Tasdeer".
Abdul Aziz Bin Nasser Al Khalifa, CEO of Qatar Development Bank, said: "Qatar Development Bank is the only organization in the region that offers this type of service, which is also now available on the Bank's website for free to SMEs. Meanwhile, companies in different regions of the world are investing to acquire such information. Qatar Development Bank's strategy is to provide SMEs in Qatar with services that would help the development of the sector and the wider Qatari economy."
InfoTrade 2000 provides information on approximately twenty thousand tenders daily from all over the world.The company also provides information on previous tenders and tenders in the near future.
Qatar Development Bank, through (Tasdeer)program, provides export financing and insurance coverage for the Qatari exporters. In addition, the bank also provides appropriate counseling and participation in foreign international exhibitions.The bank regularly organizes specialized training workshops for exporting companies, to enhance its exportefficiency through promotion and export development.
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About Qatar Development Bank (QDB)
Qatar Development Bank (QDB) was established in 1997 as the Qatar Industrial Development Bank, a 100% government-owned developmental organization. Its primary aim was to develop investments within local industries, thereby accelerating growth and economic diversification in Qatar through support for private sector. Between 1997 and 2005, the bank expanded its portfolio, diversifying from its industrial base to include support and guidance for a range of non-industrial sectors identified as key to the development of Qatar. Shortly afterwardsin 2006, the bank revisited its mission statement to reflect the successful completion of its new strategic objective and changed its name to Qatar Development Bank. In 2008, The State of Qatar, QDB 's sole shareholder, increased the bank's capital from 200 million to 10 billion riyals in 2008. Since that time, and reflecting the expansion of its mission and financial assets, QDB has launched a considerable number of strategic initiatives and programs, all designed to directly contribute to the economic growth and development of Qatar.
QDB 's strategy is entirely in line with Qatar National Vision 2030. It is focused on promoting and facilitating the growth of the private sector in Qatar within key economic channels. In turn, this support will enable the development of long term, sustainable social and economic benefits across the economy.
Aside from offering financial support, Qatar Development Bank is tasked with promoting entrepreneurship in the private sector, facilitating the development of key economic sectors through the provision of capital and advisory services. QDB has also launched several initiatives, including Al Dhameen program, an indirect loan facility to guarantee commercial bank loans to private sector companies, in collaboration with other banks and financial institutions. QDB 's export arm "TASDEER" program was created to develop and promote exports from Qatar, providing export credit guarantees in addition to financial products and solutions designed to mitigate the risks imposed on local exporters. The bank also provides consulting services in business development to help entrepreneurs to prepare for business. This will include feasibility studies, the conduct of market research and the selection of appropriate techniques; fundamentally helping to develop the capabilities of SME owners to enhance and refine their skills in the market and establish strong ties with financial and non-financial support entities.
© Press Release 2015
