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| Commercialbank executive general manager (Government & International Banking) Fahad Badar addressing a session at Intercem Doha |
Commercialbank was a platinum sponsor at the recently held Intercem Doha, which is considered a key gathering of major economic and trade players from the international cement and construction sectors.
With its extensive experience in trade finance, Commercialbank provides various forms of support and services to finance and facilitate business, especially in the construction sector.
“The Qatari market projects a strong economic growth outlook, with various sporting developments and world-class infrastructure projects taking shape in the nation. With our domestic experience, our international alliances with key foreign banks and our regional footprint; we are well positioned to support any business and financial objectives as well as long-term growth of Qatari companies involved in construction and infrastructure development,” Commercialbank said.
“Being present at Intercem Doha allowed us to explore financing opportunities and have discussions with experts as well as business analysts on Qatar’s promising and vibrant business and industrial environment, which opens the avenue to many opportunities that offer high growth potential,” said Fahad Badar, Commercialbank executive general manager (Government & International Banking).
“The government is planning to invest $160bn in energy, tourism, airlines, utilities and other sectors over the next seven years. In addition to that, Qatar seeks to stimulate its private sector and we have witnessed a rapid growth in services, utilities and industrial sector. In line with Qatar’s national vision, Commercialbank is fully dedicated to supporting the Qatari economy and providing finance to infrastructure based businesses that will have a direct impact on our economy.”