Motivated by His Highness the Emir Sheikh Tamim bin Hamad Al-Thani’s latest address to the nation, Qatar Development Bank (QDB) organised the second edition of the Buy Local Products exhibition, as part of its renewed drive to support the development of indigenous industries, empower the private sector and diversify the economy.

The exhibition, which opened this Tuesday at the Al Dafna Hall of the Sheraton Grand Doha Resort & Convention Hotel, was designed to give small and medium-sized enterprises (SME)  an opportunity to showcase their products and complement the nation’s renewed objective to localise the country’s supply chain and increase self-reliance.

Following the success of the first edition of the exhibition, the second edition saw the participation of more than 150 companies from an even wider range of product sectors. The 2nd Buy Local Products exhibition saw the following items on display:

  • General Building Materials
  • Plastics, Aluminium and Copper
  • Steel and Iron
  • Wood
  • Paper
  • Glass Products
  • Detergents
  • Information Technology and Equipment
  • Marine Sector Services

To facilitate business transactions, the exhibition venue came equipped with different business-to-business (B2B) meeting halls that could be used by local suppliers and buyers to ink bilateral agreements and partnerships.

QDB CEO Abdulaziz bin Nasser Al-Khalifa said their team at QDB has developed core services and initiatives aimed at accelerating the development of Qatar’s private sector – particularly the industrial sector.

Today’s launch of the Buy Local Products exhibitions is yet another step and serves to augment our ongoing efforts to achieve self-sufficiency in the local market. By strengthening the ability of national suppliers to meet domestic demand, and linking local buyers and suppliers with each other, we seek to promote the microeconomics of a self-sustaining economy.’

Stressing upon the importance of a strong sense of community, Abdulaziz bin Nasser Al-Khalifa stressed that especially at these times, His Highness the Emir Sheikh Tamim bin Hamad Al-Thani reminds us of the paramount importance of maintaining self-respect and composure when making rational, far-sighted decisions.

In his last address, he laid unparalleled emphasis on the economic independence for our country. For us to maintain our economic sovereignty, our industries and industry-owners need to continue to play their respective critical roles. Qatari products have demonstrated a strong promise in the local market by helping to meet nearly all the needs of our nation’s consumers. Through strengthening the ability of Qatari suppliers to fulfill local demand, on the one hand, and matching local buyers with local suppliers, on the other, we holistically strengthen the interplay of our market actors and achieve new scales of competitiveness.

At present, one of our key priorities is ensuring that the Qatari wholesale suppliers, who may no longer order their merchandise from their traditional sources, are matched with new providers. This effort ensures that their business may continue to operate as normal and I am delighted to share with you that in this endeavor, we have met much success.’

On the sidelines of the forum, a memorandum of understanding (MoU) was signed between QDB and Public Works Authority Ashghal to launch the Taaheel programme for SME.

As an integral part of its growth and empowerment strategy for the local market, QDB regularly partners with other Qatari bodies to launch projects that grow the nation’s indigenous industries. Earlier this year, in partnership with the Ministry of Finance, QDB launched the 2nd Government Procurement and Contracting Conference and Exhibition – Moushtarayat 2017. Similarly, QDB cooperated with Qatar Chamber to launch the Made at Home exhibition, designed to strengthen home-based business industries in Qatar.

To promote the private sector, QDB also extends wide-ranging financial and non-financial support to entrepreneurs across a myriad of industries locally. The agency is supporting Qatar National Vision 2030 by strengthening the private sector through the provision of special advisory services, indirect loan facilities, seed investment programmes and matchmaking services so that local SMEs and entrepreneurs can play a greater economic role in Qatar.

To learn more about QDB, visit their website at qdb.qa.