Friday / October 19.
HomeCompaniesSMEs to be Awarded with Contracts for Five Business Opportunities Offered by QDB and Qatar Shell

SMEs to be Awarded with Contracts for Five Business Opportunities Offered by QDB and Qatar Shell

Successful SMEs set to become part of the supply chain for Qatar Shell and Pearl GTL

03 December 2016

Doha: As part of a nationwide strategy to support Qatari small and medium-sized enterprises (SMEs), Qatar Development Bank (QDB) and Qatar Shell will award contracts for five business opportunities; four will be awarded at a special ceremony on 5th December, and a fifth contract will be signed and announced separately a few weeks later.  

The successful SMEs will become part of the supply chain for Pearl GTL, the world’s largest gas to liquids (GTL) plant, a joint development by Qatar Petroleum and Shell.

The awarding ceremony is the result of a process that began in May, when more than 250 Qatari SMEs attended the fourth annual ‘Qatari SME Business Opportunities’ workshop. More than 40 local SMEs expressed an interest to bid on the new business opportunities, and 26 were shortlisted and invited to participate in the Qatar Shell tender process.

Commenting on the upcoming awarding ceremony, Hamad Al-Kubaisi, Executive Director of Advisory Services at Qatar Development Bank, said: “QDB believes that local SMEs are the cornerstone for achieving a diverse and sustainable economy in Qatar. We are proud to work together with Qatar Shell to offer a number of opportunities to local SMEs to help increase entrepreneurship and innovation among Qatar’s small to medium sized organisations.”

Advertisement

Amro Ahmed, Commercial Excellence Manager and Local Content & SME Manager, Qatar Shell, added: “The tendering of the new business opportunities this year to Qatari SMEs is part of our ongoing commitment, alongside our valued partner QDB, to promote and accelerate the development of the private sector in Qatar as part of our continued support of the Economic Pillar of the Qatar National Vision 2030. We look forward to welcoming the successful Qatari SMEs as important new members of the Pearl GTL supply chain.”

Qatar Shell gives Qatari SMEs awarded contracts up to 18 months to build their capacity to be able to handle the contracts, catering to Pearl GTL’s standards. In addition, QDB provides them access to various support systems and programmes, including access to funding, business advisory support, and local regulatory and support institutions, as well as links to potential strategic partners.

For the fourth year in a row, shortlisted SMEs have tendered for the following business opportunities: co and industrial gases – manufacturing; plastic and glass sample bottles – manufacturing; white metal bearing refurbishment – services; active and healthy lifestyle, CSR program delivery; compressor dry gas seals refurbishment and testing services and translation services.

Since the Local Content/SME programme began in 2013, Qatar Shell has contracted with 14 Qatari SMEs to become part of Qatar Shell’s supply chain. Last year, seven new business opportunities with an estimated total value of QR15 million were presented to more than 150 local SMEs and entrepreneurs, with six contracts successfully awarded to Qatari businesses.

Speaking about the long-term impact of the program, Ahmed added: “Qatar Shell and QDB provide Qatari SMEs with invaluable knowledge and expertise, resources, networking capabilities, associations, mentoring, support and access to national and regional markets. This means that SMEs have the potential to grow beyond national success and repatriate profits back into the Qatari economy. To see the evolutionary process of SMEs flourishing with our help is something that is extremely rewarding.”

In 2015, Qatar Shell and QDB won the Social Development Center’s – Reyada ‘Outstanding Entrepreneurial Support’ Award for its role in developing Qatar entrepreneurs and SMEs. This is a clear demonstration of the success of this strategic partnership in developing Qatar’s economy and private sector, as well as delivering sustainable contributions to positively impact Qatar.

For further information about the workshop please visit:

https://smeopp.qdb.qa/

-Ends-

About Qatar Development Bank 

Qatar Development Bank (QDB) was established in 1997 as the Qatar Industrial Development Bank, a 100% government-owned developmental organization. Its primary aim was to develop investments within local industries, thereby accelerating growth and economic diversification in Qatar through support for private sector. Between 1997 and 2005, the bank expanded its portfolio, diversifying from its industrial base to include support and guidance for a range of non-industrial sectors identified as key to the development of Qatar. Shortly afterwards, the bank revisited its mission statement to reflect the successful completion of its new strategic objective and changed its name to Qatar Development Bank. The State of Qatar, QDB’s sole shareholder, increased the bank’s capital from 200 million to 10 billion riyals in 2008. Since that time, and reflecting the expansion of its mission and financial assets, QDB has launched a considerable number of strategic initiatives and programs, all designed to directly contribute to the economic growth and development of Qatar.

QDB’s strategy is entirely in line with Qatar National Vision 2030. It is focused on promoting and facilitating the growth of the private sector in Qatar within key economic channels. In turn, this support will enable the development of long term, sustainable social and economic benefits across the economy.

Aside from offering financial support, Qatar Development Bank is tasked with promoting entrepreneurship in the private sector, facilitating the development of key economic sectors through the provision of capital and advisory services. QDB has also launched several initiatives, including Al Dhameen program, an indirect loan facility to guarantee commercial bank loans to private sector companies, in collaboration with other banks and financial institutions.

QDB’s export arm “Tasdeer” program was created to develop and promote exports from Qatar, providing export credit guarantees in addition to financial products and solutions designed to mitigate the risks imposed on local exporters. The bank also provides consulting services in business development to help entrepreneurs to prepare for business. This will include feasibility studies, the conduct of market research and the selection of appropriate techniques; fundamentally helping to develop the capabilities of SME owners to enhance and refine their skills in the market and establish strong ties with financial and non-financial support entities.

About Qatar Shell

Shell is the largest international investor in Qatar having invested USD 21 billion over the past decade. Qatar Petroleum and Shell have jointly delivered two of the largest energy projects in the world in Ras Laffan Industrial City. Pearl Gas to Liquids (GTL) is the world’s largest GTL plant and cements Qatar’s position as the GTL capital of the world. At an investment of up to USD19 billion it represents the largest single investment in the Shell Group’s global portfolio.

The Qatargas 4 Liquefied Natural Gas project (QP (70%) and Shell (30%) combines Shell’s global leadership in LNG with Qatar’s position as the world’s largest LNG supplier.

Shell has established a world-class research and development facility and a learning center, the Qatar Shell Research & Technology Centre, at the Qatar Science & Technology Park. Shell has a financial commitment to invest up to USD100 million on programmes in support of energy and the environment at the Centre over a 10-year period.

Qatar Shell contributes to the objectives of the Qatar National Vision 2030 not only through our economic investments, but also through our investments in national talent and capability development, both internally through the professional development of our Qatari employees, and externally through our extensive Corporate Social Responsibility programme, positively impacting Qatar, in partnership with Qatari institutions.

For more information, please visit: www.shell.com.qa, and to learn how we #ImpactQatar please follow us on Twitter: @Shell_Qatar and Instagram: shellqatar

For Media Enquiries 

Ali Reyad Al-Ansari

Media Relations Manager

Qatar Shell

Telephone: +974 40219203

Email: [email protected]

© Press Release 2016

© Copyright Zawya. All Rights Reserved.

Via Zawya