QDB launches ‘SME Ranking Programme’ to support economy

Qatar Development Bank (QDB) has launched an ‘SME Ranking Programme’, which will serve as an “important platform for small and medium enterprises and entrepreneurs to showcase their successes and excellence in running their businesses.”
The programme was launched at a press conference that was organised in association with the Qatar Chamber at the QDB headquarters in Doha yesterday. During the event the organisers shed light on Qatar’s SME Ranking Programme and the advantages it will provide to the private sector.
Qatar Development Bank CEO Abdulaziz bin Nasser al-Khalifa said: “QDB has always been at the forefront when creating new methods to provide support to the SME sector, a main component of diversifying the local economy. This is part of our realisation of Qatar’s National Vision 2030. At QDB, we aim through this programme to help young Qatari entrepreneurs make the most of this opportunity, and help them market their products in the local market.”
The programme will become a platform for SMEs to showcase their products and help entrepreneurs run their businesses. It will also recognise the best-performing SMEs based on clear and transparent criteria, and motivating those who can improve their productivity and performance.
Qatar’s SME Ranking Programme will also serve as a platform to exchange ideas and discuss best practices in the SME sector, providing a learning opportunity for all.
Qatar Chamber director-general Saleh al-Sharki said, “The main goal behind the launch of Qatar’s SME Ranking Programme is to motivate SMEs and unleash their hidden potential in order to maximise operational and financial performances. We also think that we will be able to enhance the quality of products and manufactured items to enable it to compete on local, regional, and international levels.
“It is very crucial to focus and support the SME sector in Qatar, for what it represents in the realisation of the Qatar National Vision 2030. Our vision has always been to support the interests of the private sector and create a network of communications with different private sector organisations, in addition to providing state-of-the-art services to create the sustainable development we seek.”
Al-Sharki concluded: “Qatar Chamber has always been a strategic partner to QDB throughout multiple initiatives. Our relationship with QDB and all government organisations is based on ‘integration’ with a view to serving the private sector, generally, and the SME sector in particular.”