QDB Runs Intensive Training Programme for Qatari Entrepreneurs

Doha, May 18 (QNA) - Qatar Development Bank will wrap up Sunday its second edition of its home-grown training programme which brought together over 30 Qatari entrepreneurs for an intensive 5-day induction into establishing and managing manufacturing projects in Qatar. The comprehensive training sessions presented attendees with a step-by-step approach to set up a viable, profitable and competitive manufacturing business in the country. Mansour Bin Ibrahim Al Mahmoud, Chief Executive Officer of Qatar Development Bank said: "It was a very successful programme on the account of the collective positive feedback of participants. At QDB, we believe that our role does not stop any funding and financing only but also stretches to transform our organization into the mentor of the industry with a pool of professionals that continuously contributes to furthering the knowledge and education of Qatari entrepreneurs." Initially, experts of Qatar Development Bank profiled the business ideas of every participant and explained how they can develop solid and convincing business profiles. Training facilitators showed how entrepreneurs can accurately identify and assess potential business opportunities by carrying a thorough scanning of their industrial macro-environment. The third day of the training entailed key aspects and procedures to start the manufacturing business such as industrial ventures options in Qatar, commercial representation, resources and contacts, distributorship, employment laws, credit and bankability, contractual agreement and the governing jurisdiction landscape. Abdulaziz Al Khalifa, Executive Director Strategy & Business Development, QDB said:" The continuous launch of such educational and training programs aims to elevate the entrepreneurs sector in Qatar, thus, enhancing the competitiveness capabilities of the promising sector, leading to robust the economic and financial cycle in the country, hence, meeting the 2030 vision. As part of its ambitious strategy to boost this sector and provide the SME owners with all needed support to ensure the desire success, QDB safeguards the continuity and momentum of such training courses which to be considered valuable information resources, an experience provider platform. This is the second edition of the training program which faced a major content upgrade and an increase in the participating parties. The program is aimed for Qatari locals only, and will provide them with the know how steps for launching industrial projects & for the local entrepreneurs to know all the requisites and the risks engaged to launch an industrial project." Participants were also presented with methods of production schedule, planning and control, materials requirement, capacity, shop floor and inventory control, product costing and pricing, and feasibility studies. Day 4 comprised presentations on production management which includes product manufacturing process, plan layout, procurement of the necessary equipment and tools, plant engineering and maintenance, and production programming. The last two days of the training programme looked closely into the model of the manufacturing process where QDB experts gave practical tips for developing and managing a manufacturing small- to medium-enterprise and the requisites for registration. Attendees were provided with an overview of QDB's indirect loan facility, Al Dhameen, and the Qatar Business Incubator, a joint initiative between the bank and the Social Development Centre, in addition to QDB's online advisory service, the SME Toolkit, as smart solutions to jump-start a business venture. (QNA)