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Business and Finance

QDB Investments in SMEs Top QR100mn

24 Apr, 2022 10:19 AMGulf TimesIntended Audience
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News Details

The direct investments supervised by Qatar Development Bank (QDB) in small and medium-sized enterprises (SMEs) exceeded QR100 million for the first time, bringing the total amount of direct and indirect investments in its portfolio to QR220 million, supporting nearly 100 companies operating and providing highly skilled jobs and innovative services to various entities and companies in Qatar.

Mr Abdul Rahman bin Hisham Al Suwaidi, Acting CEO of QDB, said that QDB will continue to advance the level of progress in the strong investment sector in Qatar, and will also strengthen its efforts in this aspect through investment products to develop and support a larger number of innovative companies with the aim of enhancing their ability to expand regionally and globally.

He added that QDB is aware of the importance of this type of investment for its role in achieving economic growth and providing high-skilled jobs in the private sector that support the goals of the Qatar National Vision 2030 in building a knowledge-based economy.

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