Qatar Development Bank (QDB) has announced a new partnership with Ooredoo to leverage Factory One, QDB’s model factory, to empower private companies and Qatari entrepreneurs in their digital transformation journey.The initiative is in line with QDB’s efforts to support the digital transformation of Qatar’s entrepreneurship ecosystem and in conjunction with the world’s largest tech event, the Web Summit Qatar 2024.QDB will initiate the digital transformation of Factory One, the first-of-its-kind industrial capability centre in Qatar and the region, to provide services and capacity-building programmes to empower small and medium-sized enterprises (SMEs) to digitise their operations. Under the initiative, QDB and Ooredoo will join efforts to launch the ‘Digital Factory One’, as well as several technology-driven programmes and joint activities.Dr Hamad Mejegheer, QDB executive director of Advisory and Incubation, said the bank plays a pioneering role in supporting the digital transformation of Qatar’s entrepreneurship ecosystem by providing all the necessary support to enable the fourth industrial revolution and empower Qatari entrepreneurs in their digital transformation journey."To deliver on our mission, we must work responsibly with partners capable of accelerating efforts to achieve our goals, under Qatar National Strategy 2030," Mejegheer said.Thani Ali al-Malki, Ooredoo chief business officer, said Ooredoo was pleased to sign the MoU with QDB with the aim of fast-tracking the digital transformation of Qatar’s entrepreneurship ecosystem."Embracing digital transformation is at the very heart of what we do at Ooredoo. Through our partnership with QDB on the Digital Factory One project, we're not just talking about the future – we’re building it, offering tangible solutions that drive the digitalisation of the manufacturing sector in Qatar and beyond. By providing cutting-edge solutions, we are actively empowering economic diversification and helping to create the jobs, businesses, and industries of tomorrow."Factory One serves as an integrated training centre for companies seeking to develop their businesses and adopt the best global manufacturing practices to ensure sustainable and streamlined operations. It was developed and financed by QDB, in strategic partnership with the Ministry of Commerce and Industry, as the first-of-its-kind industrial capability centre in Qatar.
March 11, 2024 | 10:00 PM