Qatar Development Bank (QDB) has announced the launch of the ‘Go Global’ export accelerator, a new program which is designed to bolster Qatar`s private sector exports by developing the capabilities of the exporters.
The program has been developed in partnership with HEC Paris in Qatar and the International Trade Centre (ITC). It has the purpose to assist small and medium-sized enterprises (SMEs) to overcome the challenges they face when dealing with international markets and to provide them with the latest information and the most practical tools.
The initial phase will commence with a virtual format with fifteen pre-selected exporters in March. The program shall be expanded and extended to more exporters in the future.
Qatar’s private sector exports amounted to QAR 14.90 billion (USD 4.10 billion) last year with trade exceeding QAR 1.33 billion (USD 365 million) in December according to data compiled by the Qatar Chamber of Commerce & Industry (QCCI). Industrial gas exports were at the top of the list of commodities exported by the private sector.
The more recent increase in private sector exports is at least partly linked to the adoption of the Unified GCC Model of standards and procedures. Qatar uses other certificate of origin models including the Singapore, General and Unified Arab certificate of origin model too.
The ‘Go Global’ program hopes to enhance and advance the knowledge of Qatari exporters to allow them to realise their potential and to contribute to the Qatar National Vision 2030. The program is in line with QDB’s purpose to promote and support the small and medium-sized enterprises in the country and to contribute to the diversification of the economy.
In addition, the partnership demonstrates the importance of collaboration and cooperation between participants in the private and public sector as well as higher education. As part of the program, participants will have the opportunity to develop the leadership skills needed to address global marketplace complexities, to understand economical, technological, societal and environmental challenges and to sharpen the competitiveness.
Please click on the link and reach out to learn more about the ‘Go Global’ export accelerator and the initiatives of Qatar Development Bank as well as Business Start Up Qatar.