Officials and participants attending the 'Contractors Financing Workshop'.
Doha, Qatar: Commercial Bank, a leader in digital innovative solutions, recently held a joint workshop with Qatar Development Bank (QDB) represented by ‘Qatar Exports’, titled ‘Contract Financing Workshop’ to showcase its Overseas Contract Financing Program in the Media Hall at Commercial Bank Plaza.
Throughout the workshop, Commercial Bank and QDB discussed how QDB’s solutions and alternative channels would support contractors to participate in overseas projects, the role of credit insurance, guarantee initiatives, and products in supporting exporters, and how Commercial Bank can further facilitate future projects.
Commercial Bank considers this program essential as it supports key industries, fosters growth, and ensures the completion of large-scale infrastructure projects. As a partner in this initiative, the Bank plays a pivotal role in offering tailored financial services, facilitating funding gaps, and offering expert advice and structure reinforcing cash flow needs of a project.
Fahad Badar, EGM, Chief Wholesale and International Banking Officer at Commercial Bank said: “We at Commercial Bank are committed to empowering individuals to achieve their professional and financial aspirations. Hosting this workshop with QDB aligns with our goals as we believe The Contract Financing Program presents an excellent opportunity for contractors to expand globally with secure financial support. Our involvement in this program reaffirms our dedication to enabling future projects and contributing to the growth and success of contractors.”
Khalid Abdullah Al-Mana, QDB’s Vice President of Enterprise Development and Executive Director of Qatar Exports, emphasised the importance of collaboration in conducting workshops to support the role of financing programs and facilitate their accessibility."
The workshop, held in partnership with Commercial Bank, focusing on the Overseas Contract Financing program, is part of this approach. The program addresses the needs of all Qatari exporters and contributes to achieving Qatar’s goals of building a diversified economy in which the export sector plays a fundamental and effective role.
