(MENAFN- Qatar News Agency) Government bodies Qatar Development Bank (QDB) and Social Development Centre (SDC) Monday launched the Middle East region's largest business incubator facility - the Qatar Business Incubation Center (QBIC).
Spread over 20,000 square metres in Doha's industrial area, the mixed use incubator is part of a wider public and government push to support and encourage Qatari entrepreneurs to build and grow businesse
Commenting on the Centre, QBIC Chairman and Chief Executive Officer of QDB Abdulaziz bin Nasser Al Khalifa said, "QDB believes the launch of QBIC is a new milestone for entrepreneurship and the Qatari econom
We are witnessing a transformation, providing entrepreneurs the resources needed to turn dreams into reality." QBIC's goal is to develop the next QR 100 million companies and success stories in Qata
The Centre empowers entrepreneurs to start and grow companies through training, mentorship, incubation, networking and investmen
Its objectives include developing Qatari companies through promotion of entrepreneurship and best-in-class business ethics, helping create Qatar's next-generation of successful entrepreneurs, business leaders, start-ups and scale-up
For his part, SDC Executive Director Amal Al Mannai said, "It is SDC's honour to adopt the entrepreneurship programme within the youth and women societies and encourage them into production and business development, particularly start-up and scale-up project
We believe that these projects will strengthen the national economy, enhance income and build a better lifestyle for Qataris." Set up with a budget exceeding QR 100 million, the QBIC is a modern and scientific benchmark designed to fulfill entrepreneurs' demands, office space, industrial workshops, and administrative and technical suppor
This qualifies QBIC to play an essential role to develop Qatar business sector, she said and thanked the government and its key ministries for supporting this initiativ
QDB is a financial entity fully owned by the government and SDC, a member of the Qatar Foundation, is a non-profit organization that supports low-income families and community projects in Qata
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