Doha, December 30 (QNA) - Qatar Chamber (QC) hosted a joint meeting between industrial exporters and Qatar Development Bank (QDB), during which attendees were briefed on the key products and services offered by the QDB. The meeting also reviewed the challenges facing exporting factories, discussed appropriate solutions, and explored avenues for cooperation to further support exporting industrialists.

In his remarks, QC First Vice-Chairman Mohamed bin Twar Al Kuwari stressed the importance of cooperation between the two entities to enhance industrial and economic development, address the challenges facing industrial investors, and contribute to enabling them to develop and grow their businesses, as well as expand into foreign markets. He highlighted the rapid developments witnessed by the industrial sector and its pivotal role in achieving the objectives of Qatar National Vision 2030, especially with regard to diversifying the economy, promoting reliance on local production, and increasing the contribution of industry to the gross domestic product.

He noted that QC is keen to strengthen cooperation and integration with QDB to address challenges facing the industrial sector, capitalise on promising opportunities, promote high value-added industries, and expand industrial exports.

For his part, QDB CEO Abdulrahman Hashem Al Suwaidi underscored the Bank's role as a key partner for manufacturers and exporters through the comprehensive advisory and financing services it provides to enable the private sector to fulfill its role in economic development.

He also stressed the importance of raising awareness of QDB's services and support mechanisms available to exporters, including export insurance policies, raw material financing, global business expansion financing, and buyer credit products. These services, he noted, play a vital role in enabling Qatari exports of goods and services to access global markets.

In turn, Abdulrahman bin Abdullah Al Ansari, QC Board Member and Chairman of the QC's Industry Committee, stated that the export guarantee services provided by the Bank will serve the interests of Qatari manufacturers. He called for greater private sector participation in selecting target countries and markets for promotion, emphasising the importance of leveraging the private sector's expertise in this area.

Mohamed bin Ahmed Al Obaidli, QC Board Member, highlighted the private sector's and Qatari manufacturers' strong interest in entering new markets and enhancing the competitiveness of Qatari products. He stressed the importance of supporting and protecting Qatari factories from the challenges they may face in these markets and emphasised the significance of the financing and non-financing services provided by the bank.

For his part, HE Eng. Ali bin Abdul Latif Al Misnad, Board Member of the QC, stressed the importance of holding joint meetings between QDB and Qatari manufacturers on a regular basis, to exchange ideas and visions for implementing a national strategy for Qatari industry.

The meeting also witnessed discussions and remarks by industrial exporters, which addressed a number of challenges facing the development of Qatari industry and industrial exports, and it was agreed to study and discuss all challenges and visions posed by industrialists and exporters. (QNA)