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MoCI, QDB launch ‘Land & Industrial Loan’ initiative

Tribune News Network
Doha
As part of efforts to improve the ease of doing business in Qatar and to bolster the investment environment for owners of small and medium enterprises and entrepreneurs, the Ministry of Commerce and Industry (MoCI), in cooperation with Qatar Development Bank (QDB), on Sunday launched the “Land and Industrial Loan” initiative.
The initiative will enable investors to apply through the single window platform of the ministry to secure industrial licences and land plots in the small and medium industrial area and to complete financing procedures through the same application.
The initiative aims to provide support for Qatari investors and encourage entrepreneurs and small and medium-sized companies to easily invest in the industrial sector in a relatively short time by enabling investors to apply through the Single Window Services.
While the MoCI is seeking to meet all requirements for promising industrial projects, QDB is focused on providing financing for industrial projects.
The ministry outlined registration procedures, noting that investors must fill out and submit the application electronically through the Single Window Services website on singlewindow.gov.qa.
Investors must also provide all the required documents (a complete feasibility study — the engineering plan — a copy of the audited financial accounts) and any other documents that may be requested during the application review period.
After submitting the application and the required documents, the following procedures will be completed:
● A technical team from the ministry and QDB will review the application.
● The Land Commission will also review the application.