8 Qatari companies participated in the construction sector in the Korean Building Week, which was held in the Korean capital, Seoul, from July 30 to August 2, and was received by wide international participation. Participation comes within the framework of Qatar Development Bank and Qatar’s exports to support national companies to reach new markets, enable their role in developing the national economy, and diversify its sources.
Mr. Faisal Al -Emadi, Director of Bilateral Carmentation and External offices in Qatar Exports, stressed the importance of participating in such exhibitions to support Qatari companies in the field of construction and construction, and to facilitate their entry into new markets, expressing the agency’s commitment to support the Qatari companies in their journey towards regional and global markets.
Al -Emadi also explained that this participation comes as a continuation of a series of successful trips that were taken to many countries in the hope of opening the door for the Qatari companies to enter the Korean and Asian market more broadly.
For their part, participants stressed that the Korean Building Week represents an opportunity to enhance the Qatari presence in international markets. It also enjoys diversity and represents a good entrance to expand towards the Asian markets.
In the context, Ambassador Khalid bin Ibrahim Al -Hamr, the Ambassador of the State of Qatar to the South Korean Republic, visited the Qatari pavilion at the Korean Building Week exhibition and reviewed the most prominent of the participants to visitors.
It is worth noting that the “Qatar Exports” of the Qatar Development Bank provides specialized initiatives and programs to enable Qatari exports in accordance with the goals of the national development strategy, and in order to provide the appropriate conditions for the development and prosperity of the national economy.
Within the framework of the support of Qatari companies, the Qatar Development Bank opened regional and international offices under the “Qatar Exports” brand in the Gulf Cooperation Council region, and then expanded to the world, to form a strategic starting point to expand the Qatari presence in regional and international markets, and to enhance commercial partnerships between the State of Qatar and neighboring countries and other important markets according to strategic export priorities. These offices aim to provide the necessary support to facilitate the entry of Qatari products and services to new markets, to facilitate coordination meetings between Qatari companies and international buyers, provide Qatari companies with the necessary information about the laws in force in the target market, regulations and regulations to be followed and open horizons for Qatari companies.
In addition to that, Qatar Development Bank launched a package of innovative and specialized services within the “going to the world” package designed to support the Qatari companies in expanding their business globally through direct and indirect financing solutions.
Qatar Development Bank revealed the “International Contracting Contracts Financing” program to provide indirect and designed financing for the support of Qatari contractors who work in international projects, where the product provides a guarantee of Qatari partner banks or international financial institutions that fund these projects, in a manner that ensures the provision of reliable and safe financing. The program covers the costs related to various types of international projects, including ready -made projects contracts, construction projects, technical and consulting contracts according to medium and long -term plans. This program is expected to support the international expansion of Qatari contractors, which enhances the growth of the export sector in the country.
Qatar Development Bank continues through this integrated support as a strategic partner for Qatari exporters, by working with all companies that are based in Qatar, and providing all services and products regardless of the ownership structure of each of them, and this commitment includes companies operating in the free, economic and industrial areas alike, believing in the importance of the diversity of the business scene in the State of Qatar.
In this context, he announced his first steps in this path, by signing an agreement with Qatar National Bank, as the beginning of a series of cooperative initiatives that support national exports, and this partnership represents an open invitation to the rest of the local and international banks to explore cooperation opportunities to activate security products to support international exporters and buyers.
