New Qatar Import & Export Bank
Qatar is going to become an international financial hub, with the launch of new financial district which is already half complete in the West Bay area of Doha.
On the other hand, the World Trade amongst the countries is running in trillions and increasing consistently as the countries march together towards their progress and development.
A specialized yet international import and export bank if launched from Doha, and manned by experienced bankers, can capture size-able business of regional as well as global trade.
It would have all the potentials to become like Qatar Airways that transports international passengers all across the world.
With phenomenal rise of the Middle Eastern countries during the last few decades, there are now abundant opportunities to handle their trade transactions and settlements through a mega yet very specialized international Import & Export Bank (Qatar Import & Export Bank).
The international trade of these countries is currently being handled by their traditional Commercial Banks, who lacks the competencies to handle higher volume international trade, and Qatar is now well positioned to launch such a specialized international import and export bank.
An Import and Export bank is able to handle the international customers through their international offices/net-works, skills, services, speed and funding.
The bank also acts as guarantor between the buyers and sellers, and finances their goods-in transit.
Even after the goods arrival in countries, the bank continues its specialized support, all of which generates service and funding related revenues.
This bank would get a natural yet very solid standing as Qatar’s geographical and time line positions are huge, and another notable point is that there is no dearth of skilled and experienced bankers in the region to launch and run such a specialized bank that can make Qatar a strong international banking player.
