Qatar Development Bank (QDB) recently held a comprehensive industrial training programme for Qatari entrepreneurs as part of efforts to infuse entrepreneurial activity in the country.
The intensive five-day programme brought together 20 entrepreneurs, who learned effective strategies for establishing and managing manufacturing projects in Qatar.
"At QDB, we believe that our role does not stop simply at financing. Instead, we feel that our responsibility includes serving as mentors for our local business community," according to its CEO Abdul Aziz bin Nasser al-Khalifa.
The programme sought to provide useful knowledge for launching industrial projects and for local entrepreneurs to enable them to be familiar with all potential requirements, opportunities and the risks when launching a major 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.
Prior to hosting the training, which was conducted in collaboration with Enterprise Qatar, Social Development Center, Eversheds and Moore Stephens as well as various experts from the Gulf Organisation for Industrial Consulting; QDB experts assessed each participant's business ideas.
Training facilitators showed how entrepreneurs can accurately identify and assess potential business opportunities by carrying a comprehensive evaluation of their relevant industrial macro-environment, a QDB spokesman said.
Attendees were provided with an overview of QDB's indirect loan facility, Al Dhameen, project finance 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 small and medium enterprise toolkit, as smart solutions to jump-start a business venture.
© Gulf Times 2013
