QBD Launches National Platform “Binaa” for Contractors, Consultants

Doha: Qatar Development Bank (QDB) announced the launch of the national platform "Binaa" for contractors and consultants in Qatar, in partnership with the Ministries of Municipality and Finance to enhance the efficiency in implementing housing projects and within the framework of the bank's commitment to supporting its clients who benefit from housing loans and ensuring that projects are implemented according to the highest quality standards. The national platform "Binaa" gives contractors and consultants the opportunity to reach a wide audience of interested clients, while providing advanced tools to display their files and previous projects. The platform was designed to establish an evaluation framework for contractors and consultants participating in projects to build homes for citizens benefiting from the housing loan program and to activate the role of consultants by preparing and equipping detailed inventory and quantity tables that will help in pricing the project correctly. The platform will also e nable citizens to access sound financial planning before contracting with a contractor and starting the implementation phase, ensuring the facilitation of the process of comparing price offers through an electronic tendering system and matching needs between clients, contractors, and approved consultants, as this service will be available later through the platform. In a statement, senior manager of the housing loans department at QDB Ghanem Salem Al Yafei said that the launch of the national platform 'Binaa' represents a vital step in QDB's efforts to develop its services in the housing sector and an integrated solution that ensures achieving the highest standards of efficiency and transparency. Through this platform, QDB seeks to provide an integrated interactive environment that enables contracting companies and consulting offices to display their services and products to housing loan customers, which is in line with QDB's work strategy to continue developing programs and initiatives and providing everyth ing that benefits and supports national development. The national platform 'Binaa' is distinguished by several basic features that enhance its effectiveness in supporting contractors and consultants. Contractors and consultants undergo a classification process to ensure their qualifications are available according to the standards and are then registered and approved. The platform allows them, upon registration, to display their previous projects, which enhances their chances of attracting new clients. The platform system also relies on the evaluations and opinions of previous clients, which enables new beneficiaries to choose the most suitable contractor or consultant for their projects according to specialized features in search and selection mechanisms. Starting from June 2025, only registered and accredited contractors and consultants on the platform will be allowed to participate in new projects to build homes for citizens benefiting from the housing loan program at QDB. Registration on the platform wi ll be open to contractors and consultants at any time. In the coming period, an announcement will be made about the opening of the platform to citizens and a list of accredited contractors and consultants will be displayed, in addition to a group of new services that will be added to the platform. The first phase of launching the platform will focus on inviting classified contractors and consultants in the country to register, and an announcement will be made in the coming period about opening the platform to citizens benefiting from the housing loan program with the presence of companies approved on the platform. Source: Qatar News Agency