QDB PROJECT FUNDING TOUCHES QR3.5 BILLION
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.