Support the Private Sector
Cancellation of existing loans to Qatari companies under the National Guarantee Program
Launching initiatives to provide short-term financing to finance working capital
The royal grant is within the framework of the third national development strategy 2024-2030
Enabling the private sector to lead and drive sustainable economic growth
1:00 AM, Thursday, October 10, 2024
Doha – QNA:
Based on the high directives of His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the country, may God protect him, the esteemed Council of Ministers issued instructions yesterday to prepare and implement a package of economic initiatives to support the private sector and increase its participation in the national economy.
The statement issued by the Council of Ministers indicated that these initiatives include canceling existing loans for Qatari companies benefiting from the National Guarantees Program, to support the private sector during the Corona pandemic, in addition to launching initiatives to grant short-term financing to finance working capital for Qatari companies that previously benefited from the National Guarantees Program.
The Cabinet statement stressed that this royal grant comes as a step to support private sector companies to confront the economic consequences resulting from the measures taken to combat the spread of the pandemic, and comes within the framework of the third national development strategy 2024-2030, which is based on supporting the private sector and enabling it to lead and drive sustainable economic growth to enhance the development process witnessed by the country.
