Qatari entrepreneurs make use of QDB training

The comprehensive training sessions presented attendees with a step-by-step approach to set up a viable, profitable and competitive manufacturing business in the country.

QDB chief executive officer Mansour bin Ibrahim al-Mahmoud said: “It was a very successful programme on account of the positive feedback from participants. At QDB, we believe that our role does not stop at funding and financing only but also expands to transform our organisation into a mentor of the industry with a pool of professionals who contribute to furthering the knowledge and education of Qatari entrepreneurs.”

Initially, experts of Qatar Development Bank profiled the business ideas of each 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.

QDB executive director (Strategy and Business Development) Abdulaziz al-Khalifa said: “The continuous launch of such educational and training programmes aims to enhance the entrepreneurs’ sector in Qatar.”

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 at 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.