The Bank has contacts with GCC, Arab and International institutions specialized in industrial financing and the guarantee of credit facilities to help the domestic private sector industrialists increase their investments in industry and give them access to the best financial services.
The Bank also looks to identify profitable and high value-added investment opportunities may derive from basic industries already established in the country, such as chemicals and petrochemicals, food industries and metals.
In addition, the Bank provides technical advice to investors and is presently undertaking preparatory studies to promote a number of viable projects to private sector.
Other related activities of the Bank include the development of a fully integrated industrial information system. The Bank is presently developing various data-bases for industrial studies and consultancy services.
The Bank also organize meetings between Qatari investors and companies from industrial countries for the development of sound investment opportunities in Qatar.
In accordance with the policies adopted by the Bank
The financing priority will be given to:
Industrial project which will use raw materials produced locally or in other GCC countries.
Industrial projects which will support projects already existing in the country.
Non-labor intensive industrial projects.
The condition to be fulfilled to obtain loans from the Bank include the following:
The projects applied for must be of an industrial nature.
They must be located in the State of Qatar.
They must be based on sound techno-economic feasibility studies.
The following steps have to be followed when applying for a loan:
A detailed loan application form should be completed.
A feasibility study for the concerned project must be appended to the application. The study must be certified by a consultancy office for projects with an investment cost higher than QR 1.5 million.
The industrial license for the project should have been obtained.
Existing establishments applying for the loan must provide copies of their audited accounts for the last preceding three years.
Loan Terms & Conditions
Amount of the Loan - could reach 80% of the value of the basic capital equipment, provided that this amount should not exceed 60% of the total value of the project or 10% of the paid-up capital and reserves of the Bank which ever is less.
Maturity - may vary according to the type of investment. Could reach 8 years in case of a new project and 5 years in case of a already existing project.
Grace Period - could reach 2 years in case of a new project and 1 year in case of an existing project.
Payment of the interest - quarterly and calculated on the outstanding balance of the loan.
Interest Rate - would be 5% p.a.
Fees and Commissions - A lending commission of 0.5% p.a. and Administrative fess of 0.5% p.a.
QATAR DEVELOPMENT BANK SERVICES
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