بنك قطر للتنمية يرفع «صندوق الدعم اللوجستي» إلى 400 مليون ريال 🏭🚢🇶🇦

QDB raises its Logistics Support Fund to QAR 400 million 🏭🚢🇶🇦

Qatar Development Bank has expanded the non-repayable Logistics Support Fund grant and raised the fund to QAR 400 million, following private-sector feedback.

The grant covers up to 80% of the increase in raw-material shipping costs against normal levels before recent regional developments, for Qatar-based factories in every sector, across air, sea and land freight.

So far, 154 factories have applied and 436 applications have been approved. The per-factory ceiling has been raised, and eligible factories can benefit more than once. Applications and balances are handled through the Qatar Exports Portal.

CEO Abdulrahman bin Hesham Al-Sowaidi said the expansion answers manufacturers' needs and helps them keep production running. Launched as an exceptional measure for imports, the fund will return to its core aim, exports, once shipping costs normalise.