QDB PROJECT FUND­ING TOUCHES QR3.5 BIL­LION

Qatar Today - - BUSINESS -

Qatar De­vel­op­ment Bank (QDB) has funded projects worth QR3.5 bil­lion as part of its ef­forts to pro­mote eco­nomic di­ver­si­fi­ca­tion, ac­cord­ing to HE Sheikh Ab­dul­lah bin Saud Al Thani, Gov­er­nor of Qatar Cen­tral Bank (QCB).

Sheikh Ab­dul­lah, who is also chair­man of QDB, said this while ad­dress­ing a meet­ing at Qatar Business In­cu­ba­tion Cen­tre (QBIC). QDB's support for ex­port pro­mo­tion un­der Al Dhameen (an ex­port guar­an­tee pro­gramme) has reached QR500 mil­lion, while the fund­ing un­der the port­fo­lio pro­gramme for Small and Medium En­ter­prises (SMEs) has also reached about QR500 mil­lion.

He also high­lighted that QDB is pro­vid­ing all pos­si­ble as­sis­tance to small and medium-sized en­ter­prises, such as pro­vid­ing bas­kets of tools, fund­ing that is re­quired to es­tab­lish and sus­tain new projects, sim­i­lar to the way it did re­cently in the case of Al Fur­jan mar­kets (neigh­bour­hood re­tail shop­ping cen­tres be­ing de­vel­oped across the coun­try) by ex­tend­ing fi­nan­cial as­sis­tance of QR500 mil­lion.

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