Qatar Development Bank and Qatar Shell to boost Qatar’s private sector …

DOHA: In association with Qatar Development Bank (QDB) to help bolster Qatar’s private sector, Qatar Shell yesterday signed an agreement to add three more local companies to its supply chain for Qatar Shell and their partner Qatar Petroleum at the Pearl Gas to Liquids (GTL) plant.

The signing ceremony comes less than a year after QDB partnered with Qatar Shell to provide local companies and manufacturers access to specific new business opportunities.

The Manufacturing of Personal Protective Equipment contract was awarded to Qatari Industrial Equipment WLL represented by their Chairman Nasser Sulaiman Al Haider; the Heat Exchanger Re-Tubing contract was awarded to GEA Batignolles Technologies Thermiques Qatar WLL represented by Tariq Al Mana; and the Translation Services contract was awarded to Snow Comms Conceptual Communications & Events represented by their Managing Partner, Mohammed Al Mannai.

Wael Sawan, Chairman and Managing Director of Qatar Shell Companies, signed the contracts with the three local companies. The signing was witnessed by Abdulaziz bin Nasser Al Khalifa, Chief Executive Officer of Qatar Development Bank.

Abdulaziz bin Nasser said: “Qatar Development Bank plays a vital role in encouraging the private sector companies, especially small and medium enterprises, through providing financial aid, support and opportunities. Thus, QDB launched this joint initiative as a clear example of what can be done to enhance opportunities for the SME sector, in coordination with leading international companies, such as Qatar Shell, to enable the private sector to capitalise on available opportunities, which will benefit all stakeholders.

“SMEs grow and flourish through acquiring such contracts. Similarly, global companies and customers get the services they need from a local source, which means quality can controlled and assured, and QDB can achieve its goal in developing the private sector.”

Wael Sawan said: “We are very proud that our partnership with QDB has resulted in the successful award of contracts to three SMEs to be the supplier of choice to Qatar Shell and the Pearl GTL plant. The companies joining us today have been shortlisted from 26 local SMEs who registered their interest.

“Besides their commercial viability, the three winners were selected based on their ability to adhere to Shell’s technical standards and global tendering process, which have been developed over years of dedicated work on the world’s largest energy projects.

“Qatar Shell aims to support the National Development Strategy and to help Qatar fulfill its National Vision 2030 by empowering local SMEs to compete internationally, and we are looking forward to announcing additional business opportunities for local companies in 2014.”

In May 2013, QDB and Qatar Shell held a workshop where over 100 local Qatari SMEs were presented with four specific business opportunities that would allow them to become the supplier of choice for the Pearl GTL plant. Qatar Shell is still in the negotiation stage for the fourth business opportunity.

SMEs and entrepreneurs that participated in the May workshop were also briefed on the financial support options made available to them by QDB through their variety of finance products and solutions, Qatar Shell’s tendering process as well as the challenges and opportunities in the SME sector. As the leading development bank in Qatar with mandate to support Qatari SMEs, QDB worked with their wide network of local partner banks to attract the attending Qatari companies.

Following the announcement of the business opportunities, a total of 26 local companies registered their interest in May. Seventeen passed the pre-qualification stage, 12 submitted their bids, and three were finally selected based on their commercial bids and technical capability. All registered companies are added to a database where they will receive invitations to future workshops and business opportunities.

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