Rowad Qatar 2023

Welcome to the 4th Rowad Awards 2023. QDB is proud to celebrate and recognize the achievements of Qatari entrepreneurs and businesses that are driving innovation and boosting Qatar’s economic growth.

OVERVIEW

Welcome to the 4th Rowad Awards 2023 held under the patronage of His Highness Sheikh Tamim bin Hamad Al-Thani, the Amir of the State of Qatar. Qatar Development Bank (QDB) is proud to celebrate and recognize the achievements of Qatari entrepreneurs and businesses that are driving innovation and boosting Qatar’s economic growth.

This time, the Awards are bigger and more impactful. The event is an important part of the Qatar Entrepreneurship Conference (Rowad Qatar). The conference is QDB’s national initiative for Qatari entrepreneurs and industry leaders to get together, exchange ideas, and discover opportunities.

The Rowad Awards acknowledge and celebrate the exceptional Qatari businesses who have consistently demonstrated excellence in their endeavors and have made significant positive contributions to the national economy. These Awards inspire innovation, collaboration, and sustainable growth among participants, fueling Qatar's entrepreneurship ecosystem.

Terms and Conditions

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FAQ

Frequently Asked Questions

Will the applicant receive feedback on the application?

Applicants who have qualified for site visits will receive a feedback report based on their overall evaluation.

Are MNCs eligible to apply?

The applicant can only apply if the majority ownership is of a Qatari National(s). Holding companies and foreign companies with branches in Qatar are not allowed to apply for the program.

Can an applicant apply even if they have witnessed a drop in sales/profits in the previous financial year?

Yes, all businesses are encouraged to apply, regardless of their financial performance. Applicants are evaluated on both financial and non-financial parameters.

Can both the Holding/Parent company and its subsidiary participate in the Awards?

No, only one company within the parent group or subsidiaries can participate in the Awards.

Can the applicant appeal against disqualification or scoring?

The decisions of the Jury are binding, and the applicant will not have the chance to appeal the results once they are made, each applicant will receive a feedback form clarifying their results

Can the applicant apply without Audited financial statements?

Yes, applicants can apply for the awards without providing audited financial statements. However, audited statements may be required in later stages of the evaluation. It is recommended that participants have audited financial statements ready for the last two years.

Does the application have to be completed online?

Yes, the application can only be completed online on the official QDB website.

How many award categories can an applicant apply to?

All interested companies will be required to fill out a standard application form, which means that applicants don't have to choose application categories. Applicants will be considered for appropriate categories based on their applications.

Is the presence of the Qatari Entrepreneur mandatory for a Jury Interview?

The awards aim to recognize Qatari entrepreneurs and their businesses; therefore it is mandatory for the Qatari owner to be present during the Jury round. The Qatari owner should be available to present the business's credentials during the Jury round.

Is there a limit on the workforce size of eligible companies?

Applicants will only be eligible if they have a workforce of 500 employees or less at the time of application. Of the 500 employees, a maximum of 15% can be employed through a temporary contract directly with the firm, this excludes outsourced staff in which manpower is provided through an agreement with a third-party service provider, given that third party staff provides solely support services, and are not part of the core operation of the business.

Is there an application fee for the Rowad Awards?

No, application to the Rowad Awards 2023 is free.

What are the incentives for winning the ROWAD Awards?

ROWAD Awards are prestigious and presented during Entrepreneurship Week in November. The winners are entitled to various financial and non-financial benefits. Details regarding the incentives can be found on the Rowad Awards home page.

What happens after the applicant submits an online application?

After the applicant submits an online application, the evaluation team will review the complete application. If shortlisted, the applicant will proceed to site visits and a jury round. Additional documents may be requested to support and validate the discussions during the evaluation process.

Will an applicant be considered for only one award category?

An applicant can be considered for multiple award categories, but will be eligible to win under one category only. QDB reserves the right to decide the final award winners.

Still can't find what you need?

Email: rowadawards@qdb.qa

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