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MENAFN - The Peninsula - 17/04/2014
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(MENAFN - The Peninsula) As part of a strategy to support local small and medium-sized enterprises (SMEs), Qatar Development Bank (QDB) and Qatar Shell yesterday announced seven new specific business opportunities to encourage Qatari enterprises to become the supplier of choice for Pearl GTL, the world's largest gas to liquid plant delivered by Qatar Petroleum and Qatar Shell.

QDB and Qatar Shell organised their second annual 'SME Business Opportunity Workshop' which was attended by 100 local SMEs and entrepreneurs. During the workshop, participants were presented with seven new specific business opportunities including the manufacture of large open-head steel drums, the manufacture of low voltage cables, the manufacture of electrical cable trays, the maintenance, repair and recertification of ATEX two-way radios, the maintenance and servicing of offshore diesel generator sets, the servicing of custody flow metres, and the supply of welding inspectors for onsite technical support.

"It is through this joint initiative that we recognise the pivotal role that local SMEs play in supporting Qatar's economy. We have therefore joined hands with Qatar Shell to support local SMEs and entrepreneurs in order to promote the growth and diversification of Qatar's private sector," said Abdulaziz Al Khalifa, Chief Executive Officer of QDB. "These seven new specific business opportunities therefore demonstrate the high regard in which we uphold the high capabilities and operating standards of local enterprises to handle contracts for the world's largest gas to liquids plant," he added.

Participants were also briefed on the Qatar Shell tendering process as well as the management advisory and financial support role of QDB. "In support of our valued partner Qatar Petroleum and in close collaboration with QDB, we are committed to the Qatar National Vision 2030 by developing local content and SMEs," said Wael Sawan, Managing Director and Chairman of Qatar Shell Companies. "I am delighted to report that we, at QDB and Qatar Shell, have certainly made progress in this area," he said.

Local companies have been invited to register their interest until April 30. Thereafter, shortlisted SMEs will be invited to bid for tender by May 10. Finally, the SMEs to be awarded the new business contracts will be announced at an award ceremony at the end of this year.


The Peninsula

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