IFC involvement in Qatar began in 2008 when the national became a member country. IFC's strategy in Qatar focuses on supporting small and medium enterprises and helping Qatari companies that are looking to invest and expand into less developed countries in the region and overseas.
Recently, IFC worked with Qatar’s leading telecommunications provider, Q-Tel, to arrange a $3 million IFC equity investment in Wataniya Palestine, a cell phone provider in West Bank and Gaza, which is majority owned by Q-Tel. In 2009, IFC provided Wataniya with a $30 million loan to help it enter the market.
IFC helped Qatar Development Bank launch the SME Toolkit, an online platform that will help smaller businesses improve their performance. This SME Toolkit offers Qatari entrepreneurs free, online, and around-the-clock access to expert information, interactive tools, and educational resources. It helps firms implement sound business management practices, access finance, and enter new markets.