In a move aimed at boosting small and medium-sized enterprises (SMEs) in Qatar, Commercial Bank and DHL Express Qatar have signed a Memorandum of Understanding (MoU) to launch the ‘DHL4SMEs’ initiative. The program seeks to provide SMEs with essential resources and guidance, helping them navigate challenges and capitalize on growth opportunities in the evolving business landscape.
The collaboration comes as entrepreneurship and e-commerce continue to rise in Qatar. ‘DHL4SMEs’ will offer businesses access to up-to-date information from industry leaders and experts, enabling them to remain competitive and informed. This partnership reflects the shared vision of both organizations to support and nurture Qatar’s SME sector, a key driver of the country’s economic diversification.
Fahad Badar, Executive General Manager and Chief Wholesale and International Banking Officer at Commercial Bank, underscored the strategic significance of the partnership, aligning it with Qatar’s National Vision 2030. “Our collaboration with DHL on the DHL4SMEs initiative is a powerful testament to Commercial Bank’s commitment to accelerating Qatar’s economic development. SMEs are a vital part of the country’s future growth and economic diversification,” Badar said.
He further explained that the initiative would go beyond offering financial assistance. “By providing SMEs with cutting-edge resources, industry expertise, and tailored support, we are positioning them to overcome complex challenges and unlock new growth opportunities. This initiative acts as a transformative force, empowering entrepreneurs to innovate and thrive in an increasingly competitive global market,” he added.
Ahmed Elfangary, Country Manager at DHL Express Qatar, expressed excitement about the partnership, emphasizing its role in driving SME success. “We are thrilled to welcome Commercial Bank as a valued partner in our DHL4SMEs program. By combining CB’s financial expertise with our logistics knowledge, we are creating a comprehensive support system to help SMEs navigate their growth journey with confidence and efficiency,” Elfangary said. He stressed that the collaboration aims to foster innovation, drive economic growth, and support the success of SMEs across Qatar and the region.
Martin Ncube, Assistant General Manager and Head of Enterprise Banking at Commercial Bank, also highlighted the initiative’s broader impact. “DHL4SMEs represents more than just logistics support; it’s a comprehensive platform that brings together Commercial Bank’s financial expertise and DHL Express’ global reach. This partnership strengthens our ability to serve as a true business partner for SMEs, ensuring they have the resources and insights to navigate challenges and drive long-term growth,” Ncube said.
The ‘DHL4SMEs’ initiative marks a significant step forward in empowering SMEs and fostering economic growth in Qatar, with both institutions committed to supporting entrepreneurs in their journey to success.
