One of the training sessions in progress.
DOHA: Qatar Development Bank (QDB) hosted the third edition of its industrial training programme to educate entrepreneurs on establishing and managing small and medium manufacturing projects in Qatar.
The five-day programme brought together 20 entrepreneurs, who learned strategies for handling manufacturing businesses in the country, according to a press statement.
The sessions presented with a step-by-step approach to set up viable and competitive manufacturing units and identify potential business opportunities.
Abdul Aziz bin Nasser Al Khalifa, CEO of QDB, said: “At QDB, we believe that our role does not stop at financing. Instead, we feel that our responsibility includes serving as mentors for our business community. We are proud to host this programme for the third time, as we strive to develop knowledge transfer and foster organic growth, while fostering entrepreneurial growth in line with National Vision 2030.”
QDB experts assessed each participant’s business ideas prior to training which was conducted in collaboration with Enterprise Qatar, Social Development Center, Eversheds and Moore Stephens and experts and trainers from Gulf Organization for Industrial Consulting.
Facilitators showed how entrepreneurs can accurately identify and assess potential business opportunities through a comprehensive evaluation of their industrial macro-environment.
The third day of the training familiarised participants with key aspects and procedures to make their proposal a success, including industrial opportunities in Qatar, commercial representation, resources and contacts, employment laws, credit and bankability and contractual agreements.
“This is the third edition of the programme,” Al Khalifa added, “and we were pleased to see a major content upgrade and an increase in the number of participants as well as partnerships with working institutions in the country.
The programme provides useful knowledge for launching industrial projects and for local entrepreneurs to be familiar with potential requirements, opportunities and 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.
The fourth day comprised presentations on production management which included product manufacturing process, plant layout, procurement of necessary equipment and tools, plant engineering and maintenance, and production programming.
The last two days looked into the model of the manufacturing process where QDB experts gave tips for developing and managing small and medium manufacturing enterprises and requisites for registration.
Participants 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 SDC, QDB’s online advisory service, SME Toolkit, as smart solutions to jump-start a business venture.
QDB concluded the programme by charting schedules for participants to avail customised mentoring and counselling sessions.
The Peninsula
