Qatar Development Bank (QDB) will organize joint meetings for Qatari exporters and Moroccan importers during the period from September 30 to October 2 aimed to enhance trade cooperation between the State of Qatar and the Kingdom of Morocco.
The meetings will be held between Qatari companies of which some are exporting to morocco for the first time and importing Moroccan companies with many officials and businessmen from both countries attending.
Through this initiative, QDB aims to strengthen trade cooperation between the two sides and to open export opportunities for Qatari companies that are exporting for the first time or Qatari companied which export regularly to morocco.
The bank also organizes this initiative annually to familiarize the business community and exporting Qatari company with the opportunities available for them at the different global markets, to increase the area of Qatari exports, augment export revenues of companies and connecting them to potential importers.
QDB Chief Executive Officer Abdul Aziz bin Nasser Al Khalifa expressed pride over the promotion of Qatari exports at new markets through the choice of the Moroccan market because it enjoys promising opportunities, and in order to strengthen the efforts of the state aimed to increase the balance of trade between the two countries.
"This was preceded by conducting of several extensive studies with specialized companies that proposed for us promising opportunities for the export of 13 products of various industries for Qatari exporters commiserating with the needs of the Moroccan market, and we are confident that these meetings yield the conclusion of commercial exchange deals between the Qatari and Moroccan private sectors and will contribute to strengthen the presence of Qatari products in the Moroccan market, " Al-Khalifa said.
Qatar Development Bank, through the arm for the development of non-oil exports (Tasdeer), will support national exports and provide opportunities for Qatari companies to have access to new markets, and reduce the risks related to the sale of its products abroad.
The bank has organized similar meetings in the Tunisian market in May of this year. They resulted in many business opportunities, and the offering of a range of major products manufactured in the State of Qatar and attractive to the Tunisian importer. They reached 22 products in vital sectors of varying industries including plastic, electrical, aluminum and meat industries.
Domestic exports recorded a remarkable growth, thanks to a series of initiatives launched by the Qatar Development Bank to support the private sector and to enable small and medium enterprises in Qatar. Other initiatives included the identifying of importers in targeted new markets outside the area of the Gulf states, as well as arranging and facilitating meetings between local exporters and international importers.
Qatar Development Bank (QDB) is a financial entity fully owned by the government, set up to invest in and develop local industries by supporting small and medium enterprises in Qatar. QDB aligned its strategy to correspond with the Qatar National Vision for the year 2030, to promote and facilitate development and growth of small and medium enterprises in core economic realms, resulting with long-term socioeconomic benefits to the people of Qatar.