Doha [Qatar], April 3: The Ministry of Commerce and Industry (MoCI), in cooperation with Qatar Development Bank (QDB), held a coordination meeting on Thursday bringing together major suppliers in Qatar and a group of relevant local companies to enhance the resilience and sustainability ofsupply chains.
The meeting was attended by Assistant Undersecretary for Industrial Affairs and Business Development at MoCI, Saleh Majed Al Khulaifi, and Executive Director of SME Development at QDB, Dr. Hamad Salem Mejegheer, along with representatives of companies and suppliers.
In a statement, the Ministry affirmed that the meeting comes as part of efforts to strengthen coordination and exchange views between MoCI, QDB, major suppliers, and local companies, with the aim of supporting supply chain readiness and continuity amid current regional developments. This, it noted, contributes to supporting priority sectors, foremost among them food security and meeting the needs of the local market.
During the meeting, the Ministry highlighted its key efforts to ensure market stability and the smooth flow of goods, as well as its policies aimed at empowering local suppliers and enhancing their production and operational capacities. These efforts help diversify sources of supply and improve supply chain efficiency, while underscoring the private sector's role as a key partner in strengthening supply chain resilience and supporting economicdevelopment.
For its part, QDB presented an overview of its newly launched financing and advisory programs through its dedicated operations room to support companies based in Qatar, in response to rapidly evolving regional conditions. The programs aim to support and empower businesses operating in wholesale and retail trade, as well as factories in the food, health, and related industries. The services include "Supply Chain Financing for Priority Products," "Raw Material Inventory Financing," and the "Import Logistics Support Program," in addition to specialized advisory services.
The meeting also featured bilateral discussions between suppliers and local companies, during which opportunities for cooperation were explored and supply agreements for a number of essential goods were concluded. Participants also discussed supply chain dynamics, explored alternative options, and exchanged information on available reserves that could be utilized by companies.
At the conclusion of the meeting, the MoCI and QDB reaffirmed their commitment to continued coordination and joint efforts to support private sector companies, emphasizing the importance of ensuring the uninterrupted and efficient operation of vital sectors, thereby reinforcing market stability and keeping pace with the country's economic development needs.
Source: Qatar Tribune
