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About us
Qatar Development Bank (QDB) was established in 1997 as the Qatar Industrial Development Bank, a 100% government-owned developmental organization. Its primary aim was to develop investments within local industries, thereby accelerating growth and economic diversification in Qatar through support for the private sector. QDB has achieved significant milestones in recent years, playing a chief role in growing Qatar’s private sector. QDB has also played an integral role in stimulating national economic and social development, through funding a variety of local projects and providing support to the private sector through a range of innovative services. By adopting this strategy, QDB has contributed to empowering Qatari entrepreneurs, improving the standard of living, as well as allowing Qatari entrepreneurs to benefit from a wide range of promising investment opportunities, and to develop their exporting potentials while supporting their entry to new international markets. QDB’s strategy is entirely in line with the Qatar National Vision 2030. It is focused on promoting and facilitating the growth of the private sector in key economic sectors, with the aim of building a diversified, sustainable economy. QDB aims to promote entrepreneurship spirit within the private sector in Qatar through providing the necessary services that shall ease the growth, development, and diversification of this sector. In doing so, QDB offers access to information, incubation, and capabilities to SMEs, in addition to access to capital through direct and indirect financial services, investment and access to local markets, and access to international markets for Qatari exporters though export insurance and funding services.
Vision:
Mission:
Our Strategy
In line with the Qatar National Vision and the latest developments and objectives outlined in the Third National Development Strategy, and the Third Financial Sector Strategic Plan, Qatar Development Bank has revamped its business strategy to foster the local entrepreneurship ecosystem. Our new strategy primarily draws on the objectives of the Third National Development Strategy and reassesses its implementation within the framework of our work by re-organizing our activities, initiatives and programs to focus on priority economic clusters.
Our new strategy builds on more than twenty-five years of economic development, a period which we take pride in based on Qatar’s growing entrepreneurial potential. Today, we pursue our journey to diversify the national economy, bolster development, and promote an entrepreneurial culture across Qatar.
Qatar Development Bank’s new strategy aims to support the private sector by empowering all stakeholders in the business ecosystem, by maintaining our financing, guidance and training services, and providing incubation and acceleration programs for startups and innovative ventures. Our strategy rests on three integrated pillars, namely promoting innovation by embracing and accelerating entrepreneurial ideas and investing in startups, developing local businesses by providing financial and advisory support, enabling the export ecosystem to bolster Qatari exports and raise the competitiveness of Qatari products in global markets. In addition to working on national initiatives in collaboration with partners from the governmental entities. Through these pillars, we aim to diversify our support mechanisms and leverage available resources to address new goals related to environmental, social and institutional governance, digital transformation, and enhancing innovation and creativity, with a focus on establishing impactful partnerships that contribute to advancing these objectives.
