Commercial Bank signs agreement with QDB to empower SMEs in Qatar
Doha
In a significant move aimed at strengthening Qatar's small and medium-sized enterprise (SME) sector, Commercial Bank has signed a strategic cooperation agreement with Qatar Development Bank (QDB) to deliver comprehensive support forlocal businesses.
Commercial Bank, known for its leadership in innovative digital banking solutions, will work closely with QDB to enhance the financial and advisory ecosystem available to SMEs across the country. The collaboration is designed to empower entrepreneurs by leveraging the combined resources, expertise, and networks ofboth institutions.
As part of this initiative, SMEs in Qatar will benefit from a wide array of value-added services, including advisory support in areas such as financial planning, marketing, succession planning, feasibility studies, restructuring, and risk management.
The partnership also includes a jointly developed calendar of workshops to be conducted throughout the year at either Commercial Bank or QDB premises, offering hands-on support and knowledge-sharing opportunities for business owners and aspiring entrepreneurs.
Commenting on the partnership, Commercial Bank EGM, Chief Wholesale and International Banking Officer Fahad Badar said, 'This collaboration with QDB reflects our shared vision to cultivate a thriving SME ecosystem in Qatar. Through comprehensive advisory services and knowledge-sharing sessions, we are not only investing in the future of businesses but contributing meaningfully to the development goals of Qatar's 2030 National Vision.'
Qatar Development Bank Executive Director of SME Development Dr Hamad Salem Mejegheer also highlighted the strategic importance of the agreement. 'Through this collaboration with our partners at Commercial Bank, we aim to harness our collective expertise to deliver greater impact in entrepreneurship, particularly in supporting SMEs, which form a cornerstone of Qatar's economicdevelopment.
This agreement represents a new step toward achieving our strategy to enhance and develop local enterprises, in alignment with the Third National Development Strategy of the State of Qatar (2024–2030),' he said.
The agreement underscores the critical role that SMEs play in Qatar's economic diversification efforts and national development priorities. By providing entrepreneurs with the right tools, knowledge, and financial guidance, the partnership is expected to create new opportunities for innovation, growth, and sustainable enterprise development in the country.
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