Qatar Development Bank (QDB), the leading financial services provider, has launched a new trademark ‘Qatar Exports’, under its Tasdeer initiative.
The launch marks another key milestone in QDB’s efforts to streamline access to global markets and boost Qatar economy in line with the country’s Third National Development Strategy.
The initiative comes within the framework of QDB’s renewed export strategy, which seeks to modernize and enhance Qatar’s export landscape, aligning with the objectives of Qatar National Vision 2030. The vision focuses on minimizing the country’s reliance on the energy sector and to propel the national economy.
Abdulrahman Hesham Al Sowaidi CEO – QDB
“Over the years, Tasdeer has worked tirelessly to modernize its services and adapt to changing market dynamics. We have accompanied Qatari exporters throughout their entire journey, from securing their exports to providing tailored financing solutions for sustained growth. As a result, by the end of last year, Qatari products reached 98 international markets. Today, we reaffirm our dedication to strengthening Qatar’s global presence and supporting Qatari SMEs to export their products to new markets.”
QDB plans to launch ‘Qatar Exports’ offices across the Gulf Cooperation Council (GCC) region, with the aim to expand globally in future. These offices will act as strategic hubs to empower Qatari companies by offering valuable insights on local regulations, market opportunities, while facilitating matchmaking between Qatari exporters and international buyers.
During the launching event, QDB introduced the ‘Going Global’ initiative, a tailor-made package crafted for SMEs to achieve operational excellence and expand internationally through direct and indirect financing solutions.
Under Buyer’s Credit Program, QDB provides financial support to international buyers purchasing Qatari goods and services. The program offers Sharia-compliant, flexible, and long-term payment terms, ensuring that international clients of Qatari companies receive competitive financing solutions.
Through this program, QDB is extending loans, guarantees, and insurance for up to 20 years, enhancing the demand for Qatari products.
QDB has already concluded memoranda of understanding (MoU) with export credit agencies in key markets such as Italy, France, the UK, the US, Saudi Arabia, and Turkey. These partnerships make it easier for Qatari exporters to connect with contractors in these markets, thereby enhancing their global competitiveness.
In terms of financing, QDB supports companies through its Internationalization Financing program, which provides Sharia-compliant direct financing and guarantees to Qatari partner banks and international financial institutions.
Additionally, Qatari exporters can benefit from the Whole Turnover Insurance program, which protects against post-shipment risks in case overseas buyers fail to pay for exports. This flexible program is designed to protect companies from financial losses.
To support Qatari contractors with their international expansion plans, QDB introduced the Overseas Contract Financing Program to offer guarantees to banks and financial institutions, covering funding for international projects ranging from construction to technical consultancy.
