Qatar Development Bank
{{Short description|Bank of Qatar}}
{{Verification|date=July 2022}}
{{Infobox company
| logo = File:Qatar Development Bank logo.jpg
| name = Qatar Development Bank
| type = Public
| foundation = 1997
| location = Grand Hamad Street
P.O.Box: 22789
Doha, Qatar
| key_people = Abdulaziz Bin Nasser Al-Khalifa, CEO
HE Ali Ahmad Al-Kuwari, Chairman
| industry = Bank and Finance
| homepage = [http://www.qdb.qa 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.{{cite web|url=http://www.qdb.qa/English/About/Documents/QDB%20annual%202009.pdf|title=Annual Report 2009|publisher=Qatar Development Bank|year=2009|page=14|access-date=22 September 2017|archive-url=https://web.archive.org/web/20170923095618/http://www.qdb.qa/English/About/Documents/QDB%20annual%202009.pdf|archive-date=23 September 2017|url-status=dead}}
Qatar Business Incubation Center
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.{{cite web|url=https://www.oxfordbusinessgroup.com/analysis/qatar-supports-entrepreneurs-and-start-ups|title=Qatar supports entrepreneurs and start-ups|publisher=Oxford Business Group|access-date=22 September 2017}}
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.{{cite web|url=https://www.gco.gov.qa/wp-content/uploads/2017/09/US-QMag-Issue-3-Mag_Final_Singles_MERES.pdf|title=Q Magazine US (issue 3)|website=gco.gov.qa|page=14|date=June 2017|access-date=22 September 2017}}
See also
References
{{reflist}}
External links
- [https://web.archive.org/web/20110902041650/http://www.qdb.com.qa/ Official website]
{{Portal|Banks}}
Category:Banks established in 1997
Category:Companies based in Doha
Category:Qatari companies established in 1997
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