QDB launches 2024 SME Directory

Published: 21 August 2024

Qatar News Agency
Doha

Qatar Development Bank (QDB) continues its efforts to bolster the private sector and achieve economic diversification. One of QDB’s key initiatives in this endeavor is the “SME Directory” which aims to connect Qatari small and medium enterprises (SMEs) with local buyers to support the localization of supply chains.
QDB has recently expanded the directory to include service sector companies in addition to manufacturing sector, thereby contributing positively to supporting the national economy.

The directory now includes over 399 service sector companies alongside the 556 manufacturing companies already listed. Supporting the service sector is crucial as it plays a vital role in enhancing the competitiveness of Qatari companies both locally and internationally.

QDB views the support of local companies as a fundamental step towards realizing a circular economy. This support helps reduce reliance on imports, increases local employment opportunities, and enhances economic sustainability.

The directory plays a pivotal role in improving the efficiency of local business operations by providing comprehensive information about Qatari companies and their products and services.

QDB’s CEO Abdulrahman Heshem Al-Sowaidi emphasized the importance of this directory in the national entrepreneurship ecosystem.

The SME Directory serves as a unified platform that makes it easier for local buyers to access Qatari-made products. This enables Qatari companies to generate new business and expand into international markets, enhancing their competitiveness in terms of quality and cost.