BNP Paribas has opened a global trade solutions (GTS) facility in Doha.

The facility has been launched in response to an increased demand for trade and supply chain management solutions in Qatar.

A spokesperson at BNP Paribas tells GTR that due to its stable economic growth outlook, the Middle East has great potential to increase its banking sector’s global transaction banking.

Located within the bank’s offices, the GTS facility will be responsible for driving all regional GTS strategy and development under Frank Weilack, BNP Paribas head of GTS for the Middle East and Southern Africa.