Qatari entrepreneurs taking part in the Qatar Development Bank’s training programme.
DOHA: Over 30 Qatari entrepreneurs participated at the second edition of Qatar Development Bank’s (QDB) home-grown training programme on ‘How to start your project?’ that wrapped up recently after five days of intensive induction, a press statement issued by QDB said yesterday.
The training sessions on establishing and managing projects in Qatar, presented attendees with a step-by-step approach to set up a viable, profitable and competitive manufacturing business in the country.
CEO of QDB, Mansour bin Ibrahim Al Mahmoud, said: “It was a very successful programme on the account of the collective positive feedback of participants. We believe that our role does not stop at funding and financing, but also stretches to transform our organisation 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 QDB 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.
Executive Director Strategy & Business Development at QDB, Abdulaziz Al Khalifa, said: “The continuous launch of such educational and training programmes aim 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.”
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-four 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. QDB concluded the programme by charting schedules for participants to avail of customised mentoring and counselling sessions. The Peninsula
