Qatar Development Bank (QDB) has officially launched the National Funding Gate (TAMKEEN), a unified digital platform designed to streamline and centralize business financing in the country. The initiative, developed under the guidance of Qatar Central Bank, brings together Qatar’s leading financial institutions to simplify access to capital for local companies.
A Centralized Hub for Financing
TAMKEEN serves as a central digital hub connecting companies seeking financing with a network of participating national banks. By digitizing the application process, the platform aims to significantly reduce the time and effort required for businesses to secure funding while enabling financial institutions to reach a wider and more diverse range of clients.
This strategic partnership between QDB and key players in Qatar’s financial sector is a major step forward in creating innovative financing solutions that strengthen the country’s overall business environment and support private sector growth.
Backing Businesses with a QAR 3 Billion Guarantee
Alongside the platform, QDB announced the launch of the Credit Guarantee Program, a revamped and fully integrated version of the previous “Al Dhameen” program. The program issues guarantees to partner banks that provide financing to Qatar-based companies, encouraging them to fund more local projects by sharing the risk.
Abdulrahman bin Hesham Al-Sowaidi, Chief Executive Officer of QDB, highlighted the substantial commitment behind this new phase. “We have been working to develop the Credit Guarantee Program to support risk-sharing with partner banks. We will be allocating an initial amount of QAR 3 billion for the program. This is in response to the evolving needs of the business ecosystem and a broader range of customers, which will positively impact Qatar’s economic performance.”
A Strategic Step Towards Qatar National Vision 2030
The launch of TAMKEEN aligns directly with the goals of Qatar National Vision 2030, which seeks to build a competitive and dynamic local business ecosystem led by the private sector.
“We are confident that this platform will mark a transformative leap in the efficiency and quality of business financing in Qatar,” stated Al-Sowaidi. “It stands as a model of integration and partnership between the financial sector and the business community, supporting sustainable development and economic diversification. Through this initiative, we are advancing a resilient, dynamic, and competitive knowledge-based economy led by the private sector.”
About Qatar Development Bank
Established in 1997, Qatar Development Bank is a government-affiliated development institution focused on strengthening the national business landscape and driving economic diversification. For over 25 years, QDB has been a major contributor to Qatar’s entrepreneurship ecosystem. The bank’s strategy is aligned with Qatar National Vision 2030, supporting startups and established businesses through financial products, advisory services, and export enablement programs.
Source: Zawya
