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.
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