Qatar to become NEBI trade finance hub

The Near East Beltway Initiative (NEBI) region, which consists of 20 countries and has a combined $8tn economy, 2.5bn people, and 30m small and medium-sized businesses (SMEs) that transact more than $2tn in trade finance transactions annually, will soon have its first trade finance centre established in Qatar.

In this regard, Trans Capital Finance (UK) and Crescent Trade Finance (UK) have signed a “strategic” collaboration agreement in order to work together to build a regional platform that will provide trade finance products and services supported by their respective Doha-based companies Nebix and Crescent Fintek at the Qatar Finance Centre (QFC).

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