QDB and Shell welcome five Qatari SMEs into Pearl GTL supply chain
Dec 14, 2014
Qatar Shell - in close collaboration with Qatar Development Bank (QDB) – has signed individual agreements with five new local SMEs.
Doha, 14 December 2014 – As part of a nationwide strategy to support local small and medium-sized enterprises (SMEs), Qatar Shell - in close collaboration with Qatar Development Bank (QDB) – has signed individual agreements today with five new local SMEs.
At the signing ceremony, five new Qatari SMEs were awarded with contracts to become the supplier of choice for Pearl GTL, the world’s largest gas to liquids plant delivered by QatarEnergy and Qatar Shell.
Wael Sawan, Chairman and Managing Director of Qatar Shell signed the contracts with the Chief Executive Officers of the Qatari SMEs, in the presence of Mr Abdulaziz Bin Nasser Al-Khalifa, Chief Executive Officer of Qatar Development Bank who witnessed the signing.
The five Qatari SMEs that have been awarded contracts are: Mozon Industries for the manufacture of large open-head steel drums; KEPCO for the manufacture of low voltage cables; Pioneer Metal Company W.L.L. for the manufacture of electrical cable trays; Prince’s Lights for the maintenance, repair and re-certification of ATEX two-way radios; and Rumaillah Motors W.L.L. for the maintenance and service of offshore diesel generators.
Commenting on this successful initiative, Mr. Al-Khalifa said, “Our Strategy is to accelerate the growth and development of Qatar’s private sector, and it through such joint initiatives that we are able to link local SMEs to world-class companies such as Shell and QatarEnergy. Local SMEs grow and flourish by acquiring contracts that have the potential to elevate their futures, and global companies and their customers get the services they need from a local supplier, which reduces risk and provides quality assurance.
He added, “The addition of five new Qatari SMEs to the three local suppliers which were announced last year is a clear demonstration to the successful partnership between Qatar Shell and QDB to bolster a robust private sector that will help diversify Qatar’s economy and support the Qatar National Vision 2030.”
Speaking at the signing, Mr. Sawan said, “In support of our valued partner QatarEnergy and in close collaboration with QDB, we are committed to the Qatar National Vision 2030 by developing local content and SMEs. As a result of this joint initiative, I am very proud to officially welcome five new Qatari Small and Medium Enterprises into the Pearl GTL family; a family that I’m delighted to say has more and more local private sector members each year.
“Though we are celebrating the success of our new local partners, the journey does not end here. We will continue to closely cooperate with our partner QDB to enhance local expertise, skills and content by actively providing business opportunities to the local market; and I hope to be standing again with you in the not too distant future to welcome ever increasing numbers of SMEs to the Qatar Shell family,” added Sawan
The annual ‘SME Business Opportunity Workshop’ has been growing year on year. In 2014, 110 local SMEs and entrepreneurs participated and 33 companies were qualified to tender across the seven specific business opportunities. This is in comparison to 2013, when only 10 local enterprises were qualified to participate in the tender process that resulted in the awarding of three individual contracts, all of which are currently performing well.
QDB plays an important role in this initiative by providing the SMEs and entrepreneurs with management, advisory and financial support. As the leading development bank in Qatar with a mandate to support Qatari SMEs, QDB worked with its wide network of local partner banks to attract local SMEs.
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Shell is the largest international investor in Qatar having invested USD 21 billion over the past decade. QatarEnergy and Shell have jointly delivered two of the largest energy projects in the world in Ras Laffan Industrial City. Pearl Gas to Liquids (GTL) is the world’s largest GTL plant and cements Qatar’s position as the GTL capital of the world. At an investment of up to USD19 billion it represents the largest single investment in the Shell Group’s global portfolio.
The Qatargas 4 Liquefied Natural Gas project (QE (70%) and Shell (30%) combines Shell’s global leadership in LNG with Qatar’s position as the world’s largest LNG supplier.
Shell has established a world-class research and development facility and a learning centre, the Qatar Shell Research & Technology Centre, at the Qatar Science & Technology Park. Shell has a financial commitment to invest up to USD100 million on programmes in support of energy and the environment at the Centre over a 10-year period.
Qatar Shell contributes to the objectives of the Qatar National Vision 2030 not only through our economic investments, but also through our investments in national talent and capability development, both internally through the professional development of our Qatari employees, and externally through our extensive Corporate Social Responsibility programme, positively impacting Qatar, in partnership with Qatari institutions.
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