Qatar Development Bank
Bankingad Dawḩah, Qatar501-1000 Employees
Qatar Development Bank (QDB) is a government-owned banking institution in Qatar that was established in 1997 as the Qatar Industrial Development Bank to support investments in local industries and promote private sector growth. Headquartered on Grand Hamad Street in Doha, Qatar, QDB employs between 501 and 1000 people. Its activities include providing access to capital for SMEs and the private sector, offering information, incubation, and capabilities to entrepreneurs, and delivering export insurance and funding services to support local and international market participation. QDB’s strategy aligns with the Qatar National Vision 2030 and aims to diversify the economy by fostering entrepreneurship and facilitating growth in key sectors. Recent initiatives include the Working Capital Stabilization Guarantee Program, the national financing platform Tamkeen, and a framework agreement to insure export credit with the Italian Export Credit Agency SACE, reflecting ongoing development activity.