In a collaboration with Qatar Development Bank to help bolster Qatar’s private sector, Qatar Shell officially signed today three more local companies to its supply chain for Qatar Shell and their partner Qatar Petroleum at the Pearl Gas to Liquids (GTL) plant.

The landmark signing ceremony comes less than a year after Qatar Development Bank partnered with Qatar Shell to provide local companies and manufacturers access to specific new business opportunities.

Chief Executive Officer of Qatar Development Bank, Abdulaziz bin Nasser Al Khalifa, said:

Qatar Development Bank plays a vital role in encouraging the private sector companies, especially Small and Medium Enterprises, through providing financial aid, support and opportunities. Thus, QDB launched this joint initiative as a clear example of what can be done to enhance opportunities for the SME sector, in coordination with leading international companies, such as Qatar Shell, to enable the private sector to capitalize on available opportunities, which will benefit all stakeholders.’

‘SMEs grow and flourish through acquiring such contracts. Similarly, global companies and customers get the services they need from a local source, which means quality can controlled and assured, and QDB can achieve its goal in developing the private sector.’

The Manufacturing of Personal Protective Equipment contract was awarded to Qatari Industrial Equipment WLL, represented by their Chairman Nasser Sulaiman Al Haider; the Heat Exchanger Re-Tubing contract was awarded to GEA Batignolles Technologies Thermiques Qatar WLL represented by Tariq Al Mana; and the Translation Services contract was awarded to Snow Comms Conceptual Communications & Events represented by their Managing Partner, Mohammed Al Mannai.

Wael Sawan, Chairman and Managing Director of Qatar Shell Companies signed the contracts with the three local companies. The signing was witnessed by Abdulaziz Bin Nasser Al Khalifa, Chief Executive Officer of Qatar Development Bank. Sawan said:

We are very proud that our partnership with QDB has resulted in the successful award of contracts to three SMEs to be the supplier of choice to Qatar Shell and the Pearl GTL plant. The companies joining us today have been shortlisted from 26 local SMEs who registered their interest. Besides their commercial viability, the three winners were selected based on their ability to adhere to Shell’s technical standards and global tendering process, which have been developed over years of dedicated work on the world’s largest energy projects.’

In May 2013, QDB and Qatar Shell held a workshop where over 100 local Qatari SMEs were presented with four specific business opportunities that would allow them to become the supplier of choice for the Pearl GTL plant. Qatar Shell is still in the negotiation stage for the fourth business opportunity which is the manufacturing of stud bolts.

SMEs and entrepreneurs that participated in the May workshop were also briefed on the financial support options made available to them by QDB through their variety of finance products and solutions, Qatar Shell’s tendering process as well as the challenges and opportunities in the SME sector. As the leading development bank in Qatar with mandate to support Qatari SMEs, QDB worked with their wide network of local partner banks to attract the attending Qatari companies.

Following the announcement of the business opportunities, a total of 26 local companies registered their interest in May. Seventeen passed the pre-qualification stage, 12 submitted their bids, and three were finally selected based on their commercial bids and technical capability. All registered companies are added to a database where they will receive invitations to future workshops and business opportunities.

Qatar Petroleum and Qatar Shell have delivered Pearl GTL, the world’s largest Gas To Liquids plant in Ras Laffan Industrial City. Pearl GTL cements Qatar’s position as the GTL capital of the world.

As a partner of Qatar Petroleum in helping monetize Qatar’s gas resources, Qatar Shell is committed to SME and local development – not merely as an aspect of social responsibility but because it makes good business sense.