QDB dwells on SMEs role for economic growth

Qatar Development Bank (QDB) recently took part in the 11th annual international network of small and medium enterprises forum (INSME 2015) in Cape Town, South Africa.These meetings, which were hosted in South Africa for the first time, focused on the theme “Technology and Innovation for Inclusive Growth”, where they discussed ways to develop local institutions by highlighting the important role of technology and innovation in raising the level of competitiveness of these institutions and enable them to achieve growth. It also sought to explain best global practices in supporting the SME sector.

Abdulaziz bin Nasser al-Khalifa, chief executive of QDB, gave a keynote speech, where he introduced some of the key mechanisms by which QDB offers support to SMEs. His presentation highlighted how these channels enhance and support the Qatar National Vision 2030.

“Supporting SMEs to grow and strengthen their businesses is a central focus of QDB, which is why it is so important that we attend these international events to hear firsthand the experiences and best practice taking place in the field of global SMEs,” he said.

At the meetings, Ibrahim al-Mannai, training and development manager at QDB was elected to join the board of the INSME until 2017.

“We are confident that our considerable and valuable experience can benefit all SMEs and SME service providers. Our goal is to provide the most innovative solutions to meet the many challenges faced in the SME sector, and encourage creative thinking among entrepreneurs and investors,” al-Mannai said.