MoCI, QDB launch ‘Land and Industrial Loan’ initiative
February 16 2020 10:56 PM
MoCI, QDB launch ‘Land and Industrial Loan’ initiative
MoCI, QDB launch ‘Land and Industrial Loan’ initiative

Doha

Under the initiative, investors will be able to apply through the ‘Single Window’ platform of the Ministry of Commerce and Industry to secure industrial licences and land plots in the Small and Medium Industrial Area and complete financing procedures through the same application

The Ministry of Commerce and Industry (MoCI) in co-operation with Qatar Development Bank (QDB) has launched the ‘Land and Industrial Loan’ initiative under the guidance of HE the Prime Minister and Minister of Interior Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani.

The initiative is in the "context of the State’s ongoing efforts to improve the ease of doing business in Qatar and bolster the investment environment for owners of small and medium enterprises and entrepreneurs", the Ministry of Commerce and Industry said on Sunday.

Under the initiative, investors will be able to apply through the ‘Single Window’ platform of the Ministry of Commerce and Industry to secure industrial licences and land plots in the Small and Medium Industrial Area and complete financing procedures through the same application.

The initiative aims to provide support for Qatari investors and encourage entrepreneurs and small and medium-sized companies to easily invest in the industrial sector in a relatively short time by enabling investors to apply through a single platform, namely the Single Window Services.

While the ministry is seeking to meet all requirements for promising industrial projects, QDB is focused on providing financing for industrial projects.

Outlining the registration procedure, the MoCI statement said investors must fill out and submit the application electronically through the ‘Single Window Services’ website on singlewindow.gov.qa.

Investors must also provide all the required documents (a complete feasibility study - the engineering plan - a copy of the audited financial accounts) and any other documents that may be requested during the application review period.

After submitting the application and the required documents, the following procedures will be completed: A technical team from the ministry and QDB will review the application followed by an application review by the Land Commission.

“The initiative falls within the framework of joint efforts to promote startups, encourage promising small and medium-sized enterprises to engage in industrial activities in various sectors, stimulate manufacturing industries, improve services offered to investors and bolster Qatar’s economy in line with the Qatar National Vision 2030,” the Ministry of Commerce and Industry said.





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