Dignitaries at the AgriteQ 2018.
DOHA: As part of its ongoing efforts to spread the culture of agriculture among Qatari farmers and enhance food security in the region through the fisheries, livestock and other agricultural sectors, Qatar Development Bank (QDB) participated in the 6th Qatar International Agricultural Exhibition, AgriteQ 2018.
The event was held under the patronage of the Ministry of Municipality and the Environment, from March 20 to 22, at the Doha Exhibition and Convention Center to highlight the latest innovations in agricultural techniques.
As a development sponsor at AgriteQ 2018, QDB’s participation has been in line with its development strategy to achieve economic sustainability through the support of national products.
During its participation, QDB launched its new “Greenhouse Program”, which aims at financing the construction of greenhouses in different areas suitable for Qatari houses to ensure self-sufficiency of locally produced food and reduce dependence on imports as well as providing all planting and technical support with a maximum funding amount of QR70,000, in addition to providing a one-day workshop that will offer farmers adequate knowledge in agriculture and a better understanding on agricultural track systems that will play an important role in facilitating the follow up procedure on agricultural production.
In accordance with the terms of the financing project for the installation and setup of greenhouses, QDB will set a profit ratio of 1 percent with a maximum financing period of up to 4 years and a grace period of up to 6 months.
The variety of products which will be cultivated will include tomatoes, mint, cucumber, beans, watercress, eggplant, lettuce, coriander, green onions, chili, cold pepper, parsley.
“QDB is delighted to once again participate in Qatar International Agricultural Exhibition (AgriteQ), at its designated pavilion where entrepreneurs, SMEs and all stakeholders involved in the agriculture sector are informed about our new financing project and products for setting up greenhouses and supporting farming in Qatar, which will ensure self-sufficiency of locally produced food,” said Abdulaziz bin Nasser Al Khalifa, CEO of QDB.
“QDB’s adequate local support aims at empowering local businesses so that they achieve Qatar’s food security objectives in line with Qatar National Vision 2030, increase vegetable production capacity of their farms significantly and harvest double the quantity in the upcoming season,” he said.
QDB said that all interested applicants applying for the construction of greenhouses financing program should register and apply on the Bank’s website, in order for each request is replied to individually before meeting with the customer relations manager and start taking necessary procedures on approvals.
Before the installation of the greenhouse, all customers are required to attend the mandatory workshop which offers them with essential knowledge before installing the greenhouse.
