QDB launches financing programme for healthcare sector
Qatar Development Bank (QDB) announced today the launch of a new financing product dedicated to the Qatari healthcare sector.
QDB will offer 70 percent of financing to healthcare construction projects, and 80 percent of financing to all types of specialised healthcare equipment. Applicants for the loan will have access to flexible loan repayment plans, which can go up to 12 years with 3 years payment holiday for new projects, and 10 years with 2 years payment holiday for existing projects.
The new product will allow QDB to provide comprehensive financing solutions to a wide range of healthcare projects in Qatar, such as the construction of diagnostics clinics, specialised medical centres and therapeutic centres. The bank will also provide finance for all types of specialised healthcare equipment, furniture and fixture, computers, vehicles and ambulances that are used for healthcare purposes.
“Qatar is committed to the development of its healthcare sector and establishing an international centre of excellence for healthcare services, as well as providing state-of-the-art medical services to all members of the local society,” said Abdul Aziz bin Nasser Al Khalifa, chief executive officer of QDB. “Developing the role of private sector in healthcare is a strategic move by the government of Qatar, and the provision of health insurance is the best example of the country’s successful approach, as it would have a positive impact on enhancing the private sector’s role in the development of the healthcare sector, as well as open new horizons for the industry,”