CB, QDB host workshop to empower Qatari exporters

Qatar Tribune

4 days ago

Tribune News Network
Doha
In a significant move to bolster the global footprint of Qatari businesses, Commercial Bank, a pioneer in digital and financial innovation, joined hands with Qatar Development Bank (QDB), through its export arm Qatar Exports, to host an exclusive workshop titled 'Contract Financing Workshop.' Held at Commercial Bank Plaza, the event brought together financial experts, exporters, and contractors to delve into the scope and opportunities presented by the Bank's overseas contract financing programme.
The workshop aimed to provide in-depth insights into how QDB's export-focused solutions and alternative financing channels can support Qatari contractors in participating in international projects, especially in infrastructure and development sectors. The sessions covered the strategic value of credit insurance, guarantee schemes, and customized financial products designed to de-risk cross-border operations and facilitate smoother access to foreign markets.
Representatives from both institutions shed light on the evolving needs of Qatari exporters and how public-private partnerships are crucial in empowering local enterprises to compete on a global stage. The discussions highlighted a shared vision: to ensure that Qatari companies, especially those in non-hydrocarbon sectors, have the tools, knowledge, and financial backing to succeed internationally.
Qatar Exports, established by QDB, serves as Qatar's official Export Development and Promotion Agency, dedicated to helping Qatari businesses expand internationally in line with the goals outlined in Qatar National Vision 2030. It provides a wide array of services such as export readiness programmes, international trade missions, guarantee and financing programmes, matchmaking events, market intelligence, and credit insurance. These tools are designed to make Qatari products and services more competitive abroad, especially in emerging and underserved markets.
Highlighting the importance of the initiative, Commercial Bank reaffirmed its strong commitment to national development and economic diversification. The Bank described the overseas contract financing programme as a catalyst for driving industrial growth, enhancing cash flow management for large-scale overseas projects, and promoting international partnerships.
Commercial Bank Executive General Manager and Chief Wholesale and International Banking Officer Fahad Badar emphasised the importance of collaboration in realising Qatar's export potential.
He said, 'At Commercial Bank, we are committed to empowering individuals and enterprises to achieve their professional and financial ambitions. This workshop, organised in collaboration with Qatar Development Bank, aligns with our strategic objective to support Qatari contractors in venturing into international markets.
'The contract financing programme presents a timely and secure opportunity for these contractors to expand their global footprint, supported by our expert financial solutions. Our partnership with QDB is a testament to our shared goal of enabling the growth and success of Qatari businesses.'
QDB Vice President of Enterprise Development and Executive Director of Qatar Exports Khalid Abdullah Al Mana echoed similar sentiments while stressing the importance of accessible and targeted support for exporters.
He said, 'At Qatar Exports, we are fully committed to providing comprehensive and tailored support to local exporters. Our mission is to ensure that Qatari businesses benefit from the full spectrum of resources and initiatives offered by QDB.
'Hosting such workshops in partnership with leading financial institutions like Commercial Bank allows us to increase awareness and accessibility of key programmes—especially the overseas contract financing programme, which is designed to meet the needs of all Qatari exporters. This initiative plays an essential role in achieving Qatar's vision of building a diversified and export-oriented economy.'
The workshop concluded with a Q&A session, providing attendees with an opportunity to explore real-world applications of the financing programme and how it could be leveraged to fuel their international ambitions.
By facilitating dialogue between financial institutions, development agencies, and the private sector, the workshop marked a pivotal step in creating a sustainable ecosystem for Qatari exporters. It also underscored the vital role of knowledge-sharing and capacity-building in helping Qatar transition toward a knowledge-based and globally connected economy.