QDB’s investments in small and medium enterprises exceed QR 100 million

Direct investments supervised by Qatar Development Bank (QDB) in small and medium enterprises exceeded QR 100 million for the first time, bringing the total amount of direct and indirect investments in its portfolio to QR 220 million, supporting nearly 100 companies offering highly qualified and innovative jobs. services for various entities and companies in Qatar.
Acting CEO of QDB, Abdulrahman Hesham al-Sowaidi, said that the bank will continue to advance the level of progress in the venture capital sector in Qatar and will intensify its efforts in this aspect through investment products for develop and support a greater number of innovative companies in order to strengthen their capacity to develop regionally and globally.
He added that the bank is aware of the importance of this type of investment for its role in achieving economic growth and creating high-skilled jobs in the private sector that support the goals of the Qatar National Vision 2030. in building a knowledge-based economy.
The year 2021 saw an 11% growth compared to the previous year in the capital invested by QDB in small and medium enterprises where the Bank organized the 4th edition of the Investment Forum (during which it launched the first investment platform of its kind in Qatar), during which 10 start-ups presented their projects to investors, bringing the total of initial transactions during the forum to QR8mn.
The Bank is also keen to inform investors and small and medium-sized enterprises, since the second edition of the investment report was published in partnership with the research platform MAGNiTT, following the success of the first edition of the report in 2021, who said that the growth of investments in small and medium enterprises in 2021 was 92% for the year 2020.
The QDB also provides support in the preparation of the conclusion of investment agreements between companies and investors, as it plays a role in opening up cooperation opportunities with investment funds from all over the world by organizing sessions investment, special forums and advisory services, having concluded a number of investment transactions to help a number of companies to develop their activities at the regional level.
As part of its efforts to strengthen its integrated project to support the financial services sector, the bank wanted to provide a specialized investment portfolio from the main portfolio to support fintech projects worth QR 12 million.
Fintech ranks third among the most invested sectors with a score of 18%, after sports technology in first place with 24%, and Internet of Things projects in second place with 21% of QDB’s total investments.