Opening of applications for the “Land and industrial loan” initiative

Qatar Development Bank (QDB) has announced the start of receiving applications for its “Land and Industrial Loan” initiative, a joint effort with the Ministry of Commerce and Industry (MoCI).
QDB said in a statement yesterday that the initiative contributes to continuous improvement efforts to make it easier to do business and create a nurturing environment for entrepreneurs and small and medium-sized business owners.
The initiative helps entrepreneurs in the industrial sector in all fields to overcome the challenges they may face in their journey to develop their businesses, as a new mechanism to submit an integrated application via a one-stop shop for industrial projects has been spear.
Deputy Undersecretary for Industrial Affairs at the Ministry of Commerce and Industry, Mohammed Hassan al-Malki, said the series of improvements to the “Land and Industrial Loan” initiative, which the ministry has been working on in cooperation with the Qatar Development Bank, complements the ministry’s efforts to support entrepreneurs and help smooth the process and facilitate the delivery of services to them.
QDB Acting CEO Abdulrahman bin Hisham al-Suwaidi hailed the initiative and what it will bring to entrepreneurs, highlighting the joint cooperation with the Ministry of Trade and Industry and the qualitative leap it will bring to the “Land and Industrial Lending” initiative at several levels, including the procedural level.

Last update: August 13, 2022 10:26 p.m.

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