QDB and Shell sign SME agreement
Qatar Shell has partnered with Qatar Development Bank to assist in the development of local small and medium enterprises (SMEs) to supply contracts for Shell businesses in Qatar.
This partnership will provide local companies and manufacturers access to business opportunities as well as help them raise their operating standards.
“We are passionately committed to SME and local content development,” said Wael Sawan, managing director and chairman of Qatar Shell Companies. “Not merely as an aspect of corporate social responsibility, but because it makes good business sense for us to do so.”
“We believe this to be an essential partnership for SMEs in Qatar to be on par with global competitors and suppliers,” said Mansour bin Ibrahim Al Mahmoud, chief executive officer of Qatar Development Bank.
“QDB will not only provide access to funding but also access to business advisory support, links to potential strategic partners as well as facilitate access to local regulatory and support institutions,” added Al Mahmoud
SMEs listed with QDB and other institutions and/or incubators will have access through the agreement to Shell’s tenders to supply various materials and services required by the company.
A recent example of Shell awarding a contract to a local company was the signing late last year of an agreement between Qatar Shell and Venture Gulf Engineering to include Qatar Vinyl Company Ltd. as an approved local manufacturer of Hydrochloric Acid.