Feb 03, 2021 by QDB
QDB initiative connects local and international companies via e-platform
Qatar Development Bank (QDB) has concluded the events of the Qatar Virtual Exhibition (QVE), which brought together top Qatari SMEs, distributors, and international buyers to explore export opportunities, forge strategic partnerships, and access new markets conveniently and regardless of any pandemic-related restrictions. In its first edition, the Exhibition drew a diverse group of local and international enterprises from all around the world.
By leveraging interactive digital platforms, export-oriented Qatari entrepreneurs and SMEs were able to exhibit and promote their products and services at their virtual booths, while international buyers had the chance to explore a wide variety of offerings across the country’s lucrative industries, and book virtual meetings with manufacturers and suppliers over the course of four days.
Commenting on the success of the first edition of QVE, QDB’s CEO Mr. Abdulaziz bin Nasser Al-Khalifa said:
“Through the Export Development Agency (Tasdeer), QDB is constantly working on identifying markets and developing platforms by designing engagements that accelerate the growth of Qatari exporters and SMEs and their contribution to the country’s economic diversification by stimulating non-oil exports, while introducing international importers to Qatar’s lucrative industries and thriving SME ecosystem. The Qatar Virtual Exhibition is the perfect embodiment of this dynamic and fruitful exchange.”
In addition to serving as a platform that brings together Qatari exhibitors from various sectors and potential buyers from international markets under one virtual roof, QVE is designed to help international companies explore the country’s competitive landscape and the countless privileges they can harness when partnering with Qatari manufacturers. The event also facilitates partnerships that empower sustainable and self-sufficient industries towards accelerating Qatar’s socio-economic transformation and the realization of its national vision for 2030 and beyond.
It is worth noting that the QVE platform will be available to Qatari exporters and international buyers for one whole year in order to ensure continuity of communication and negotiations, and to serve as a reference guide for potential buyers during that period.
The Exhibition comes in the framework of QDB’s ongoing efforts to facilitate the growth and expansion of SMEs globally with confidence by identifying sustainable export opportunities, tapping into regional and global markets, and leveraging the State’s export capabilities and advantages. In this context, and despite worldwide pandemic-induced lockdowns, registered exporters achieved an increase of 23% in the total volume of exports in 2020 alone, reaching QAR 686 Mln. During the same year, 115 exporters participated in 10 matchmaking events, marking a 46% growth in the number of beneficiaries, and 27 Qatari exporters joined the Alibaba global e-commerce platform.
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