In a market rich with natural resources and citizens filled with entrepreneurial spirit, QDB encourages and supports the private sector to think big, go further and achieve more.
Unlike any other bank, QDB is not focused on profits, but rather on accelerating Qatar’s economic diversity and having a positive impact on Qatar’s GDP through building a knowledge based economy and helping the companies become more competitive and achieve their goals quicker.
That’s why at QDB, we welcome new ideas, we listen, advise and support, so that together we can ensure that tomorrow is brighter and more prosperous than today.
Our strategy is to stimulate a vibrant, robust and diversified private sector, in order to build a knowledge-based integrated economy, not completely dependent on the hydrocarbon industry, through the development and nurturing of Qatari entrepreneurs and SMEs and assisting them to overcome the obstacles they face based on the current economic situation, as the non-oil/gas private sector continues to grow, in terms of size and share of the Qatari economy. Qatar Development Bank has been and still is working to drive these trends forward. Shifting its focus from a purely industrial financing mandate to being a fully-fledged development bank resulted in the State of Qatar increasing the Bank’s capital from QAR 200 million to QAR 12 billion. We are now in a unique position that allows us to play a key role in the diversification of the national economy in line with the Qatar National Vision 2030.
QDB’s successes are not just about building up the private sector. We have also become a powerful catalyst for socio-economic development. We have helped empower the Qatari workforce, increase living standards and provide a bundle of exciting investment opportunities to Qatari businesses.