Construction and Renovation Financing
The product’s key objective is to provide long term financing for entrepreneurs looking to undertake new building construction or to modify and renovate existing buildings for commercial purposes including leased properties and existing assets
Application process
What is the process
Application submission and initial review
Evaluation and risk analysis by credit management unit
Providing financial support
Project supervision by the Engineering Projects Department
Key Features
Key financing terms
For new building construction, financing covers
1. Preliminaries including ground levelling, site enabling and project mobilization
2. Civil construction as well as drawings and engineering fees
3. MEP worksFor building renovation, financing covers
1. Renovation and expansion of existing business
2. Maintenance works and civil works
3. Fit out works and interior decoration
4. Drawing and engineering feesMaximum Financing Allowed
1. Up to 80% of the total construction cost for the manufacturing sector
2. Up to 70% of the total construction cost for the tourism, education and healthcare sectors- Profit rate is up to 5% with a tenor period of up to 15 years including a grace period of up to 3 years
Frequently asked questions
FAQ
What does the Construction and Renovation Financing product entail?
This product is a long-term financing solution offered by QDB to Qatar-based SMEs for the construction of new buildings and the renovation or modification of existing buildings.
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What does financing cover?
For new building construction, financing covers:
1. Preliminaries including ground levelling, site enabling and project mobilization
2. Civil construction as well as drawings and engineering fees
3. MEP works
For building renovation, financing covers:
1. Renovation and expansion of existing business
2. Maintenance works and civil works
3. Fit out works and interior decoration
4. Drawing and engineering fees
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What is the maximum financing and repayment period?
Financing covers up to 80% of the total construction cost for the manufacturing sector and up to 70% of the total construction cost for the tourism, education and healthcare sectors with a profit rate of up to 5% and a tenor period of up to 15 years including a grace period
of up to 3 years
of up to 3 years
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How is the project financing calculated?
The project construction cost will be evaluated by EPD based on engineering drawings, project specs and pro forma invoices with disbursement details before its approval by ICC
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What are the required documents?
-Valid Commercial certificate
-100% personal guarantee coverage by one or more of the Qatari
sponsors or proportionate guarantees by all partners or shareholders
-Takaful insurance policy
-Approvals by relevant government bodies.
- Additional documents that may be required later.
-100% personal guarantee coverage by one or more of the Qatari
sponsors or proportionate guarantees by all partners or shareholders
-Takaful insurance policy
-Approvals by relevant government bodies.
- Additional documents that may be required later.
Was it useful? Please rate
