QDB, Qatar Chamber review support mechanisms for industrialists, exporters
Qatar Development Bank (QDB) and Qatar Chamber reviewed mechanisms to support industrialists and exporters, as well as ways to enhance the competitiveness of national products. They also discussed the...
On a recent meeting, Qatar Development Bank (QDB) and Qatar Chamber discussed mechanisms to support industrialists, exporters, and enhance the competitiveness of national products. The two sides also examined the challenges facing the industrial sector and exporting companies. Industrialists, exporters, and representatives of Qatari industrial companies attended the periodic meeting.
Participants highlighted several challenges, primarily the high costs of raw materials and logistics. Qatar Chamber Chairman Sheikh Khalifa bin Jassim al-Thani emphasized the need for greater coordination among stakeholders during a critical and challenging time. Sheikh Khalifa praised QDB's vital role in supporting the Qatari economy through financing, innovation, business environment development, and enabling factories and enterprises to expand and improve competitiveness in global markets.
Sheikh Khalifa stressed the importance of cooperation with QDB to transform challenges into growth opportunities, improve efficiency, promote value-added industries, support the industrial sector, expand export bases, access regional and international markets, and facilitate new projects. QDB CEO Abdulrahman bin Hisham al-Suwaidi stated that the meeting aligns with QDB's commitment to understanding private-sector needs and gathering their views amidst current challenges.
He noted that QDB launched an integrated package of services to support supply chains and finance raw material inventories, provide financial grants for product imports, and offer working capital support programs, specialized advisory services, and credit facility rescheduling.
Al-Suwaidi highlighted that support provided since regional tensions began exceeded QR1.1bn, a 160% increase compared to the same period in 2025. Nearly half of this support was through QDB's Operations Room programmes. QDB also conducted an in-depth analysis of export sectors, which showed successful new market openings and rapid reshuffling of export routes despite challenges.
Abdulrahman Abdullah al-Ansari, a Qatar Chamber Board Member and Chairman of the Industry Committee, acknowledged the scale of challenges and the Chamber's significant role in addressing obstacles for companies and factories. He stressed the importance of supporting exports due to the high quality and strong competitiveness of Qatari products.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
