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QDB unveils partial guarantee investment program to promote investment and empower Qatar's private sector

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The program aims to reduce financial risks, encouraging both individual investors and investment groups to invest in tech startups
The Qatar Development Bank (QDB) has launched the Partial Guarantee Investment Program (PGIP) to stimulate investment and support Qatar's private sector. This initiative aims to facilitate access to finance for Qatari companies by providing guarantees on loans, thereby reducing the risk for financial institutions and encouraging them to lend more freely. The program is designed to foster economic diversification, enhance the competitiveness of local businesses, and promote entrepreneurship. It targets various sectors including manufacturing, agriculture, and services, with the goal of driving sustainable economic growth and development in Qatar. The PGIP reflects QDB's commitment to creating a supportive environment for private sector growth, aligning with Qatar National Vision 2030.

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[ https://www.zawya.com/en/press-release/companies-news/qdb-unveils-partial-guarantee-investment-program-to-promote-investment-and-empower-qatars-private-sector-yimov5es ]