Shell, QDB join forces to boost small businesses

SMEs assured of supply contract awards for Shell businesses in Qatar

Wael Sawan, MD and chairman of Qatar Shell Companies.
Wael Sawan, MD and chairman of Qatar Shell Companies.

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Qatar Shell has partnered with Qatar Development Bank (QDB) for local small to medium enterprises (SMEs) to win supply contracts for Shell businesses in Qatar.

This new partnership will provide local companies and manufacturers access to new business opportunities, as well as help them raise their operating standards in order to fulfill global requirements, the partners said in a media statement.

"Wherever Shell operates in the world, we are passionately committed to SME and local content development - not merely as an aspect of corporate social responsibility, but because it makes good business sense for us to do so.

"Supporting Qatar's SME sector is an essential component of our contribution to the economic and social pillars of the Qatar National Vision 2030," said Wael Sawan, MD and chairman of Qatar Shell Companies.

"We are proud to partner with QDB to promote ever greater local content in our procurement spend and have confidence in the quality of local suppliers and in their ability to add value to our operations," added Sawan.

"We are very pleased to cooperate with Shell to provide exciting opportunities for local businesses. We believe this to be an essential partnership for SMEs in Qatar to be on par with global competitors and suppliers.

"This is in line with our mandate and strategy to develop a world-class private sector with the necessary skills, knowledge and best practices to attract multinational organizations the caliber of Shell," said QDB CEO Mansour Bin Ibrahim Al-Mahmoud.

"We admire Shell's commitment to the private sector and their awareness of the important role that SMEs play in the development of a stable economy," added Al-Mahmoud.

"QDB will not only provide access to funding, but also access to business advisory support and links to potential strategic partners, as well as facilitate access to local regulatory and support institutions," he concluded.

SMEs listed with QDB and other institutions and/or incubators will have access through the agreement to Shell's tenders to supply various materials and services required by the company.

A recent example of Shell awarding a contract to a local company was the signing late last year of an agreement between Qatar Shell and Venture Gulf Engineering (VGE) to include Qatar Vinyl Company (QVC) as an approved local manufacturer of hydrochloric acid (HCL).

This paved the way for QVC to supply HCL to the world-scale Pearl gas-to-liquids (GTL) plant, the largest energy project ever built in Qatar, and one of the highest consumers of HCL in the country.

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