QNB forum targets resilience in Qatar’s energy sector

The QNB Group recently organized the second edition of its 'SME Local Business Boost' series, which brought together energy sector executives, suppliers, and small businesses in Qatar to tackle operational challenges and explore new opportunities in the country's energy market. The forum centered on practical strategies to enhance supply-chain efficiency and enhance financial readiness, equipping local firms with the essential tools to adapt to evolving industry conditions while capitalizing on the growth generated by Qatar's burgeoning energy sector.

This initiative further exemplifies QNB Group's unwavering dedication to nurturing Qatar's private sector through targeted programs that foster collaboration and knowledge exchange among local businesses.

The recent event built upon the success of its inaugural edition held in June, emphasizing the crucial role that local suppliers, service providers, and small and medium-sized enterprises (SMEs) play in sustaining the energy sector's value chain and bolstering its long-term competitiveness. The gathering underscores QNB Group's commitment to bolstering the resilience and capabilities of energy businesses, thereby contributing to the sustained development of the sector and Qatar's broader economic growth.

Additionally, the forum highlights the bank's role as a strategic ally to businesses across Qatar by offering a platform for the exchange of expertise, strengthening partnerships, and developing practical solutions to emerging challenges.

Discussions during the forum also highlighted the significance of closer coordination across the energy ecosystem in enabling companies to navigate challenges and seize opportunities stemming from sustainable sector growth. The forum featured a panel discussion with Nicolas Dean Stothard, general manager at Doha Petroleum Construction; Muhammad Farrukh, senior expert in Treasury and Corporate Finance at Nebras Energy; Karthik Ramaiah, chief operating officer at PETRO-Q; and Jad Chahine, senior vice president, QNB SME.

Networking sessions facilitated by the event allowed participants to delve into emerging industry trends, exchange viewpoints on key business obstacles, and engage directly with QNB relationship managers and industry specialists. This provided a valuable opportunity for participants to strengthen their connections, share expertise, and cultivate collaboration across the energy sector.