Qatar Development Bank and Qatar Shell has welcomed five new Qatari small and medium enterprises (SMEs) into the Pearl GTL supply chain.
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 Qatar Petroleum and Qatar Shell.
Wael Sawan, chairman and MD of Qatar Shell, signed the contracts with the CEOs of the Qatari SMEs, in the presence of Mr Abdulaziz Bin Nasser Al-Khalifa, CEO of Qatar Development Bank.
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 Qatar Petroleum.
“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.”