Qatar Industrial Development Bank (presently known as Qatar Development Bank ) was established by the Emiri Decree No.14 of 1997 to promote and encourage economic and industrial development in the country.

The success that the bank accomplished in developing the industrial sector led to the bank changing its name to ‘Qatar Development Bank’ by changing its articles of association in 2006 .The new articles of association has broadened the scope of activities of the bank ,enabling it to contribute to the development of the industrial, tourism, educational, health care, agricultural, animal resources and fisheries sectors of the Qatari economy.

The State of Qatar, which owns all the shares in the Bank, has increased its capital from QR 200 million to QR 10 billion.

 

SERVICES

Providing or guaranteeing long and medium term loans for industrial projects

Providing export and import credit facilities to local industries

Assisting industrial projects in obtaining loans from other local, regional or international sources

Identifying good profitability investment opportunities

Providing consultancy services relating to all industrial sectors and activities

Evaluating industrial projects and monitoring their implementation, production and marketing

 

The Bank has contacts with GCC, Arab and International institutions specialized in industrial financing and the guarantee of credit facilities to help the domestic private sector industrialists increase their investments in industry and give them access to the best financial services.

The Bank also looks to identify profitable and high value-added investment opportunities may derive from basic industries already established in the country, such as chemicals and petrochemicals, food industries and metals.

In addition, the Bank provides technical advice to investors and is presently undertaking preparatory studies to promote a number of viable projects to private sector.

Other related activities of the Bank include the development of a fully integrated industrial information system. The Bank is presently developing various data-bases for industrial studies and consultancy services.

The Bank also organize meetings between Qatari investors and companies from industrial countries for the development of sound investment opportunities in Qatar.