Complex Made Simple

Qatar Development Bank hosts ‘Jahez’ seminar for SMEs in Qatar

The goal of this initiative is stimulate growth and help entrepreneurs with innovative and environmentally friendly business plans.

Qatar Development Bank (QDB) organized a seminar to create awareness around its ‘Jahez’ initiative, which is offering 32 plots of land for new and existing SMEs in Qatar.

The goal of this initiative is stimulate growth and help entrepreneurs with innovative and environmentally friendly business plans. The seminar was held at the Four Seasons Hotel Doha on Tuesday, August 11, 2015.

During the seminar, QDB educated SME owners and entrepreneurs on the merits of ‘Jahez’ and explained the criteria for selecting projects, as well as answered questions from attendees.

Abdul Aziz Bin Nasser Al Khalifa, CEO of Qatar Development Bank, said: “Throughout this seminar, we provided information to entrepreneurs about the submission process and benefits of leasing these new plots in the industrial area. The plots will vary in size from 2500 sq m to 3000 sq m, and 1500 sqm in built-up areas, leased at a competitive rate of 5 QR / sqm per month. This ‘Jahez’ initiative reflects QDB’s commitment in supporting SME development in Qatar, through innovative services and solutions that help increase efficiency and competitiveness.”

QDB began accepting proposals in June 2015 and will continue until 1st November 2015. The evaluation applications is divided into three phases; the initial assessment, a second comprehensive vetting process against technical requirements, and finally QDB’s shortlist will be met by the officials from the bank for final selection. Winners will be notified in writing.

Abdul Aziz added: “QDB will also be providing comprehensive start-up business solutions for applicants including; consultations, business plans, feasibility studies and applications to lease the land.”