Qatar Development Corporation launches 3 new consulting packages to support entrepreneurs

Mark
Written By Mark

Al Suwaidi: Providing consultations that help companies achieve success and growth

Mojigir: Developing and updating services to suit business developments

Facilitating customers’ access to the bank’s services and programs to suit their needs

Providing consultations on the use of technical solutions to increase efficiency and competitiveness

Providing practical models that help build an integrated business plan with the best practices and directives

Qatar Development Bank announced the launch of three new consulting packages designed to support entrepreneurs in private sector companies at various stages of their development. The new packages provide comprehensive support for startups at the beginning of their journey, and for small and medium-sized companies seeking expansion, or those that need to improve their performance. The packages include field consultations and comprehensive evaluations of the company’s operations, with the aim of developing detailed business plans and improving its overall performance, with a focus on providing consultations on the use of technical solutions to increase efficiency and competitiveness.

As part of the bank’s endeavor to support startups, a dedicated package has been allocated for them, which is the startup launch package, which is specially equipped to meet the needs of entrepreneurs and startup companies. This package includes a set of specialized consulting services that aim to provide strong foundations for the successful launch of the project. These services include detailed market reports, guidelines, and practical models that help build an integrated business plan that takes into account best practices and guidance based on real data. This package also provides direct consultations that contribute to directing companies towards the government procedures required to establish and manage their businesses, which contributes to facilitating the start of businesses and reducing the risks associated with them.

Business development
The second package is the business development package, which targets companies seeking to enhance their performance and expand the scope of their operations. This package provides comprehensive advisory support for companies that wish to grow and expand locally and internationally. Through this package, a careful analysis of the company’s current situation is conducted, including an assessment of the gaps in the administrative, technical, and financial processes. Based on this analysis, a comprehensive strategic plan is developed that aims to improve the company’s overall performance by developing internal operations, enhancing the quality of products and services, and improving capabilities. Competitiveness of companies in local and international markets. The package also helps companies prepare for the export phase by assessing export readiness and developing a strategic roadmap for success in global markets.

Improve performance
While the last package, which is the business performance improvement package, targets companies that face major challenges and need restructuring or a radical shift in their strategies. Through this package, Qatar Development Bank provides specialized consultations aimed at identifying the fundamental problems that these companies suffer from and developing practical solutions to restructure the business and achieve sustainability. This package includes support from specialized experts to conduct a comprehensive assessment of the company’s current situation and provide recommendations based on global best practices to return the company to the growth path. This package seeks to provide applicable implementation solutions that help companies restore their financial and administrative balance and return to achieving profits. This package also includes consultations on how to enhance the company’s market value and plan for a successful exit from the market if necessary.

Comprehensive support
On this occasion, Mr. Abdul Rahman Hisham Al Suwaidi, CEO of Qatar Development Bank, said: “By re-offering our consulting services in the form of specialized packages, we aim to build long-term relationships with our clients, as we believe that providing consulting services in this way will make it easier for clients to access services and programs.” Provided by the bank in accordance with their needs. The launch of these new packages reflects our firm commitment to providing comprehensive and specialized support to small and medium-sized companies in Qatar. We seek to enhance its ability to grow and expand, and help it face challenges and achieve sustainable success.”
He added: “These consulting packages also enhance Qatar Development Bank’s strategy, as they contribute to enhancing brand awareness and improving its perception among target customers. The packages also seek to build strong customer loyalty by providing advice that helps companies achieve success and growth, which prompts them to benefit from the rest of the financial products and services provided by the bank. These packages contribute to expanding the customer base by attracting companies looking for specialized consultations. These packages also provide the bank with access to a deeper understanding of the needs of customers and entrepreneurs, which helps the bank develop services and initiatives that will improve the growth of the private sector and the sustainability of its business.”

Developing and updating services
In this context, Dr. Hamad Salem Mujayir, Executive Director of Advisory Services and Business Incubators, explained during the launch event of the new advisory packages that the Qatar Development Bank team is constantly working to develop and modernize its services and programs in a way that is compatible with the nature of entrepreneurial work based on continuous change and development. He said: “Because we care about the sustainability of our programs.” We give all importance to the comfort of our customers and their maximum benefit. We decided to provide updated consulting services according to a new mechanism through which the goal is to provide comprehensive and integrated support to small and medium-sized companies and entrepreneurs at various stages of their development. We have designed these packages specifically to meet the needs of startups and companies seeking expansion, or facing major challenges.”

Guidelines
Regarding the most prominent services provided by the consulting packages, Dr. said: Mejigir It includes a wide range of services, and these services are divided into different packages. There is the startup launch package, which provides customized consulting services that provide strong foundations for a successful launch and include detailed reports on the markets, guidance guides, and practical models. As well as a business development package for companies seeking to enhance their performance and expand their operations. A careful analysis of the company is conducted and a comprehensive strategic plan is developed to improve overall performance by developing internal operations and then improving the competitive capabilities of companies in local and international markets. As for improving business performance, it is for companies that face major challenges and need to radically restructure solutions in their strategies. It aims to identify the fundamental problems that these companies suffer from and develop practical solutions to restructure the business and achieve sustainability.

Strengthening the position of Qatari companies
He also pointed out that the new consulting packages provide Qatari companies with support to improve their internal operations and increase their competitive capabilities on the one hand, and also support entrepreneurs aspiring to start their businesses and launch their emerging companies. This approach also includes supporting companies in preparing them for the export stage by assessing their readiness for global markets and developing strategies for their success at the international level. Thus enabling companies to grow locally and internationally and making them able to compete in global markets.

Target groups
The Executive Director of Advisory Services and Business Incubators at Qatar Development Bank explained that the target groups include entrepreneurs aspiring to launch startups, small and medium-sized companies seeking expansion, and companies that face major challenges and need to be restructured, pointing out that these packages are part of Qatar Development Bank’s new strategy. Through which it seeks to implement sustainable and innovative solutions, focused on fundamentally meeting customer needs. Therefore, these services revolve around the customer’s journey and accompany him from the beginning until the largest advanced stages, which contributes to improving the portfolio of Qatari companies, strengthens the national economy, and enhances our role in achieving the goals of the third national development strategy.