QDB & GRSIA launch third stage of 'Khatwa'
10 Jan 2017 - 4:27
Qatar Development Bank (QDB) and the General Retirement & Social Insurance Authority (GRSIA) announced the launch of the third stage of their joint initiative, ‘Khatwa’, which aims to build and develop the skill set of retirees, encouraging nationals to launch their own SME projects and transform their business ideas into successful enterprises.
To facilitate the program, the two social partners will appoint a committee to coordinate between the retirees and the Bank. The committee will provide QDB with details of registrants, while the Bank will sponsor the activities of the committee, including workshops and training sessions.
Abdulaziz bin Nasser Al Khalifa, Chief Executive Officer of Qatar Development Bank, said: “Khatwa has experienced tremendous success since its launch two years ago and, here we are today, taking the initiative into the third year in a row. Through this program, the Bank is giving the retirees tangible tools and approaches to improve their participation in the marketplace but also experience active ageing. A socially-invested population of Qatar, whether young or old, is the driving force of the Qatar National Vision 2030.”
Sultan Al Kuwari, Director of Training and Development at QDB, added: “We plan to implement the third stage of the programme at two levels and tailored to the varying needs of participants. The first category will benefit individuals who have graduated from a public high school and below. The workshops for these participants will simplify the complexity of running a business and run for 16 weeks. The second category is directed at those university graduates and above who have existing knowledge of the English language. These workshops will run for 12 weeks.”
According to officials, the number of participants in each category range from 20 to 30 individuals, who will be selected by the General Retirement & Social Insurance Authority.
Praising the cooperation between the Authority and the Bank, the General Retirement & Social Insurance Authority noted that Qatar Development Bank’s support of the initiative is enabling retirees to gain managerial and organizational skills needed to run a successful business.
Khalifa Al Khulaifi, Director of Retirement Department at the General Retirement & Social Insurance Authority said:“The launch of the third stage confirms our success in establishing a successful community partnership, aimed at supporting retireesby developing their ideas and turning them into concrete economic programmes as well as helping them find financing channels for their own projects.”
“We strive to build bridges of communication with various parties that can provide sufficient support to retirees.A successful example of this effort is the implementation of the first and second stage of the ‘Khatwa’ initiative," he added.