21 Hrs
Source:
وكالة الأنباء القطرية
Qatar Bank Boosts Factory Funding
Qatar Development Bank has increased the size of the "Logistics Support Fund" to 400 million Qatari Riyals to support domestic factories with non-repayable assistance. The goal is to cover up to 80% of the increased shipping costs for raw materials caused by logistical challenges and geopolitical disruptions. The fund provides support to local factories across all sectors, including coverage of air, sea, and land freight costs through a digital platform that simplifies the application and follow-up processes. To date, the bank has approved 436 requests from 154 factories, aiming to enable them to continue production and reduce the impact of rising import costs, with preparations in place to redirect the fund to support exports once supply costs stabilize.
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