Qatar Development Bank (QDB), established in 1997, is a government-owned financial institution dedicated to diversifying Qatar’s economy by supporting the growth of the private sector. Initially known as Qatar Industrial Development Bank, QDB has expanded its focus to include various sectors such as industry, tourism, education, healthcare, agriculture, and fisheries.
Mission and Objectives
QDB’s mission is to develop and empower Qatari entrepreneurs and small and medium-sized enterprises (SMEs) to innovate and compete internationally, thereby contributing to Qatar’s economic diversification.
Key Services and Initiatives
- Financial Support: QDB offers a range of financial products, including direct loans and equity financing, tailored to meet the needs of startups and established businesses across various sectors.
- Advisory Services: The bank provides advisory services to help businesses develop effective strategies, improve operations, and enhance competitiveness.
- Qatar Business Incubation Center (QBIC): Established in collaboration with the Social Development Center in 2010, QBIC is one of the largest mixed-use business incubators in the Middle East. It aims to foster entrepreneurship by providing startups with office space, mentorship, and access to investment opportunities.
- Export Development: Through its export development agency, Tasdeer, QDB assists Qatari companies in expanding into international markets by offering financial support, market intelligence, and participation in global trade events.
- Educational Programs and Workshops: QDB organizes training sessions and workshops to equip entrepreneurs and SMEs with the necessary skills and knowledge to succeed in the competitive business environment.
By offering these services and initiatives, QDB plays a pivotal role in fostering a vibrant and diversified economy in Qatar.
