Qatar Development Bank (QDB) recently concluded the first Qatar Virtual Exhibition (QVE) which brought together small and medium sized enterprises (SMEs) from the State of Qatar and international distributors, contractors and buyers. The event explored import and export opportunities, strategic partnerships and market accessibilities.
Qatar Development Bank (QDB) is a key stakeholder for the promotion and support of SMEs and is working tirelessly on the facilitation of non-oil and gas exports by advancing and enhancing the platforms such as the Export Development Agency (Tasdeer).
SMEs are an important part of a national economy and their contribution to Qatar`s economic diversification is key to the implementation of the National Development Strategy 2018 – 2022 (NDS 2018 – 2022) and the Qatar National Vision 2030 (QNV 2030).
The event used digital platforms which allowed Qatari entrepreneurs to exhibit the products and services of their start-ups, scale-ups and SMEs virtually. International buyers had the opportunity to book virtual meetings with manufacturers from a wide range of sectors.
Despite the pandemic and the limitations or restrictions, Qatari exporters increased the total exports by 23% to QAR 686 million (USD 188 million) in 2020. In addition, 115 Qatari exporters participated in 10 matchmaking events and 27 Qatari exporters joined the Chinese e-commerce platform, Alibaba.
The QVE will be available to Qatari exporters and international buyers for a year in order to ensure a continuation of the communication and to encourage their collaboration and cooperation.