Nakilat, the world’s largest LNG shipper and Qatar Development Bank signed a memorandum of understanding agreeing to collaborate in areas including marine export credit insurance and financing.
Nakilat and its affiliates Nakilat Damen Shipyards Qatar and Nakilat Keppel Offshore and Marine have a demand for marine export credit insurance, financing and foreign buyers’ and importers financing, services that will be provided by QDB, companies revealed in a statement.
QDB and Nakilat agreed to jointly support local small and medium enterprises by encouraging entrepreneurs to set up new Qatari companies that specialise in marine and shipyard-related industries.