Qatar Development Bank

Bank of Qatar

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Qatar Development Bank

Company type| Public
Industry| Bank and Finance
Founded| 1997
Headquarters| Grand Hamad Street
P.O.Box: 22789
Doha, Qatar

Key people

| Abdulaziz Bin Nasser Al-Khalifa, CEO
HE Ali Ahmad Al-Kuwari, Chairman
Website| www.qdb.qa

Qatar Development Bank (QDB), previously known as Qatar Industrial Development Bank, is a bank in Qatar offering financial services, banking and loans to the development of the industrial, tourism, educational, health care, agricultural, animal resources and fisheries sectors of the Qatari economy. It was created in 1997 by Emiri Decree No. 14 with the objective of diversifying Qatar's economy by promoting developmental projects.[1]

## Qatar Business Incubation Center

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The Qatar Business Incubation Center (QBIC) was established in a joint venture by QDB and the Social Development Center in 2010, and officially started operating in March 2014. As the most extensive mixed-use incubator facility in the Middle East, its aim is to promote companies and finance business ideas. All the center's facilities are split up into stages and spread across 20,000 sq meters.[2]

The center has signed many agreements with global companies to promote investments and swap knowledge; for example, in 2015, the center signed a memorandum of understanding (MOU) with Microsoft Qatar in order to encourage entrepreneurial ventures in Qatar's technology industry.[3]

## See also

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* List of national development banks

## References

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1. ^ "Annual Report 2009" (PDF). Qatar Development Bank. 2009. p. 14\. Archived from the original (PDF) on 23 September 2017. Retrieved 22 September 2017.
2. ^ "Qatar supports entrepreneurs and start-ups". Oxford Business Group. Retrieved 22 September 2017.
3. ^ "Q Magazine US (issue 3)" (PDF). gco.gov.qa. June 2017. p. 14. Retrieved 22 September 2017.

## External links

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* Official website

* Banks portal

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