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REC Group discovers potential for interaction with partners from Qatar

4 june 2021

The memorandum on business development was signed by Russian Export Center JSC and Qatar Development Bank (“QDB”) within the SPIEF-2021.

Development organizations agreed to cooperate and share experience in the field of training and acceleration programs. In addition, with the participation of QDB, it is planned to organize joint webinars and seminars for Russian companies on the specifics of doing business in the Middle East, in particular in Qatar, as well as on assistance in bringing Russian manufacturers to the e-commerce platforms of Qatar.

REC Group, member of VEB.RF, provides local producers with comprehensive support at every stage of the implementation of foreign trade projects. Cooperation with QDB will focus on the development of both non-financial and financial services. Joint work is expected on the search, selection, and structuring of projects in third countries, using the credit and insurance instruments of both organizations.

For reference: Qatar Development Bank was established in 1997 by Emir's Decree No. 14 in the form of a non-profit organization aimed to diversify Qatar's economy by promoting development projects. The bank is a 100% government organization. The main Bank's objective is to participate in the economic development of Qatar by providing the necessary financing to SMEs, as well as for projects in the fields of education, health care, agriculture, and tourism..

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