Qatar Development Bank

Qatar Development Bank
Public
Industry Bank and Finance
Founded 1997
Headquarters Grand Hamad Street
P.O.Box: 22789
Doha, Qatar
Key people
Mansour Ibrahim Al- Mahmoud, CEO
Sheikh Abdullah Bin Saud Al-Thani, Chairman
Website www.qdb.qa

Qatar Development Bank (QDB), previously known as Qatar Industrial Development Bank, is a bank in Qatar offering financial services, banking and loans to the development of the industrial, tourism, educational, health care, agricultural, animal resources and fisheries sectors of the Qatari economy. It was founded in 1997 by Emiri Decree No.14 to diversify the Qatari economy by promoting small and medium scale developmental projects.

Along with Qatar Foundation and SolarWorld, QDB helped establish Qatar Solar Technologies (QSTec), an alternative energy company, in 2010.[1]

References

  1. Amanda H. Miller (8 June 2012). "Qatar Solar Technologies get unprecedented $1 billion in single-source financing". Clean Energy Authority. Retrieved 11 February 2016.


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