Commercial Bank, QDB Host ‘Contractors Financing Workshop’

Commercial Bank recently held a joint workshop with Qatar Development Bank (QDB) represented by “Qatar Exports”, and titled ‘Contract Financing Workshop’ to showcase its Overseas Contract Financing Programme.

Throughout the workshop, which was held at the Commercial Bank Plaza, Commercial Bank and QDB discussed how QDB’s solutions and alternative channels would support contractors to participate in overseas projects, the role of credit insurance, guarantee initiatives, and products in supporting exporters, and how Commercial Bank can further facilitate future projects.

Qatar Exports, established by Qatar Development Bank (QDB), is Qatar’s Export Development and Promotion Agency dedicated to supporting Qatari businesses in expanding globally, especially in non-hydrocarbon sectors, in line with the Qatar National Vision 2030.

It offers a wide range of services including export readiness programmes, international trade missions, guarantee programmes, matchmaking events, export financing, credit insurance, and market intelligence.

Commercial Bank considers this programme essential as it supports key industries, fosters growth, and ensures the completion of large-scale infrastructure projects. As a partner in this initiative, the Bank plays a pivotal role in offering tailored financial services, facilitating funding gaps, and offering expert advice and structure reinforcing cash flow needs of a project.

Fahad Badar, Executive General Manager and Chief Wholesale and International Banking Officer at Commercial Bank said: “We at Commercial Bank are committed to empowering individuals to achieve their professional and financial aspirations. 

Hosting this workshop with QDB aligns with our goals as we believe The Contract Financing Program presents an excellent opportunity for contractors to expand globally with secure financial support. Our involvement in this programme reaffirms our dedication to enabling future projects and contributing to the growth and success of contractors.”

Khalid Abdullah al-Mana, QDB’s Vice-President of Enterprise Development and Executive Director of Qatar Exports, emphasised the importance of collaboration in conducting workshops to support the role of financing programs and facilitate their accessibility.

He stated: “At Qatar Exports, we are committed to providing tailored support to local exporters to enable them to benefit from the various programs and initiatives offered by Qatar Development Bank through all possible means, including organising workshops about our diverse solutions.

The workshop, held in partnership with Commercial Bank, focusing on the Overseas Contract Financing programme, is part of this approach. The programme addresses the needs of all Qatari exporters and contributes to achieving Qatar’s goals of building a diversified economy in which the export sector plays a fundamental and effective role.”