Qatar Development Bank announced the details of its new program, “The Partial Investment Security”, which it launched at the end of last year, with the aim of reducing financial risks to investors from individuals and investment groups, and to encourage them to invest in startups in the technology sector in Qatar, in support of bold investment in Qatar.
On the launch of the program, Mr. Abdel Rahman Hisham Al -Suwaidi, CEO of Qatar Development Bank, said: “The partial investment guarantee program is an embodiment of the Qatar Development Bank’s vision aimed at building a diverse economy, as we seek to achieve a balance between encouraging bold investments and alleviating the risks that may hinder investors from engaging in the bold investment sector in Qatar.”
He added: “This program comes in response to the aspirations of the private sector and to achieve the goals of the third national development strategy, in sustaining growth, developing technological sectors and advanced industries, and empowering the private sector at the same time.”
He said the program targets individual investors, groups, investment clubs and local investment funds that wish to participate in investing in Qatar startups. Qatar Development Bank, through its investment arm, will provide partial guarantees for investors who meet the conditions of the program, which gives investors to protect them to encourage them to expand their investment portfolios.
Specified eligibility standards
The guarantee will be provided in accordance with the specific criteria for companies and investors, as the company is required to be based in Qatar, to ensure the neutrality of the investment. Those wishing to apply for the program or know the details and conditions of application can visit the program page on the Bank of Development website.
It is worth noting that Qatar Development Bank aims to enhance the national business system, increase industrial development, and advance the economic diversification wheel of the private sector in Qatar.
During more than a quarter of a century of economic development, the bank has achieved a number of prominent successes to become a major body to support the national entrepreneurial and the private sector in the State of Qatar and enable its positive contribution to building a diverse and based economy.
Qatar Development Bank strategy is consistent with Qatar National Vision 2030 and the third national development strategy, and is based on its vision to build a promising future for the business system in Qatar, and its mission aims to support the national business system and enable it to lead a sustainable and prosperous future.
The support system provided by the Qatar Development Bank depends on four basic and integrated pillars, which includes support for innovation by embracing and accelerating entrepreneurial ideas and investing in startups, developing local business by providing financial and non -financial support, activating the export system for the development of Qatari exports and raising the competitiveness of the Qatari product in global markets, and supporting housing by providing financing and services that contribute to social development.
The pillars of the bank’s work aims to diversify the ways to support social and economic development, enhance the use of available resources to address the goals related to environmental, social and institutional governance, the goals of digital transformation and enhance innovation and creativity, with a focus on the importance of joint work and the establishment of the best enrichment partnerships locally and globally.