20 entrepreneurs undergo QDB training
Doha, April 8, 2014
Qatar Development Bank has trained 20 entrepreneurs to develop effective strategies for establishing and managing manufacturing projects in Qatar recently.
The four-day industrial training programme presented attendees with a step-by-step approach for setting up viable and competitive manufacturing businesses in the country.
It provided useful knowledge for launching industrial projects and to familiarise all the potential requirements, opportunities and risks when launching a major industrial project.
Abdul Aziz Bin Nasser Al Khalifa, CEO of QDB, said: “ At QDB, we believe that our role does not only stop at financing; rather we feel it is our responsibility to advise entrepreneurs at each stage of their growth by providing mentoring, intelligence and skills needed to build and manage their businesses.”
“We are proud to host this training programme for the fourth time, as we strive to develop knowledge transfer and nurture organic growth across Qatar, while fostering entrepreneurial growth across the country in line with the 2030 vision,” he said.
The training was conducted in collaboration with Social Development Center, Gulf Organisation for Industrial Consulting, Eversheds, Enterprise Qatar, Jadwa Program and Qatar Business Incubation Centre.
The facilitators showed how entrepreneurs can accurately identify and assess potential business opportunities by carrying a comprehensive evaluation of their relevant industrial macro-environment.
The training familiarised participants with key aspects and procedures necessary to make their proposal a success, including selecting industrial opportunities in Qatar, legality issues, technical analysis, selection of technology provider and several services provided by Qatar to support the entrepreneurs such as services provided by Private Sector Qatar.
The participants were also presented with methods of production schedule, business planning and control, materials requirement, capacity, shop floor and inventory control, product costing and pricing, feasibility studies, market constraints and demand analysis.
In addition, the presentations comprised of production management including product manufacturing process, plant layout, procurement of the necessary equipment and tools, plant engineering and maintenance and production programming.
The training programme looked closely into the model of the manufacturing process where the experts gave practical tips for assessing the selection of technology the total investment and production costs, financial analysis for industrial projects and developing and managing a manufacturing small and medium size enterprise and the requisites for registration.
The attendees were provided with an overview of QDB’s indirect loan facility, Al Dhameen, Direct Finance and the Qatar Business Incubation Centre; a joint initiative between QDB and SDC, in addition to the SME Toolkit, as smart solutions to jump-start and grow a business venture in Qatar. - TradeArabia News Service