Al-Suwaidi: 17b riyals for SMEs
Mr. Abdulrahman bin Hisham Al Suwaidi, CEO of Qatar Development Bank, stated that the amount of funding provided to small and medium-sized enterprises in Qatar is approximately 17 billion Qatari riyals, which is less than 3% of the total private sector financing. The goal is to increase this share to 7% in the coming years. He also confirmed that Qatar has made progress in its global ranking for entrepreneurship, moving from eleventh to sixth place between 2024 and 2025. The bank offers comprehensive services including financing, investment, and technical support, alongside supporting initiatives such as the Startup Qatar program, which invests around $40 million and serves 40 startup companies.
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