Yesterday, Qatar Development Bank signed a new partnership agreement with Microsoft, under which entrepreneurs and innovators in Qatar will have access to a wide range of technical and educational services and benefits to ensure the success of their projects and ideas.
This comes as part of efforts to empower the emerging, small and medium-sized companies sector, accelerate the journey of digital transformation and encourage innovation, as part of the endeavor to build a national business system that embraces various talents and technological innovations in a way that enhances the position of the State of Qatar as a center for innovation and technology in the region.
Accelerate digital transformation
Through this partnership, small and medium-sized companies will be able to benefit from the latest technological innovations through the Microsoft cloud to improve performance efficiency, increase productivity, reduce costs, and enhance innovation in their products. The initiative will also provide these companies with opportunities to build the digital capabilities of their employees through the Microsoft platform for building digital capabilities and provide them with the skills necessary to use cloud technology to accelerate digital transformation and achieve growth in a knowledge-based economy.
Overcome challenges
On the other hand, this new initiative provides startups incubated and accelerated at Qatar Development Bank with the opportunity to apply to the “Microsoft for Startup Founders” platform, which combines cloud solutions and specialized supervision to help startup founders overcome the challenges they face at every stage of their business. . Microsoft will also offer programs to build digital capabilities that enable entrepreneurs and work teams to benefit from the capabilities of modern cloud technology such as artificial intelligence, data science and the Internet of Things to launch a successful business project, in addition to providing a set of digital skills through the Microsoft platform for building digital capabilities.
Business system development
Commenting on this partnership, Mr. Abdul Rahman Hisham Al Suwaidi, Acting CEO of Qatar Development Bank, said: “This cooperation gives access to an advanced set of digital platforms, and guarantees our innovators and startups in Qatar an advanced level that makes them among the highest-ready in the region, which helps To achieve their aspirations in line with our goals in developing the national entrepreneurship system and strengthening its position as a center for innovation and technological excellence.
Enterprise empowerment
For her part, Ms. Lana Khalaf, General Manager of Microsoft Qatar, expressed her happiness at the partnership with Qatar Development Bank, through which Microsoft is investing huge sums to support entrepreneurs and emerging, small and medium enterprises in Qatar. She said, “Emerging, small and medium enterprises play a pivotal role in accelerating Qatar’s transformation into a diversified, knowledge-based digital economy. Hence, through this initiative, we will enable institutions in this vital sector with the latest cloud technology and opportunities to build digital capabilities to achieve their business goals, contribute to the development of the national economy, and enhance Qatar’s position as a center for investment, entrepreneurship, and innovation. Through this partnership, we also seek to consolidate this sector’s confidence in Microsoft cloud solutions and enhance our position as the preferred cloud solutions provider for innovation in all sectors in Qatar.”
This new initiative at Qatar Development Bank comes as a continuation of various projects and initiatives concerned with increasing capacity development and strengthening it to build a specialized and diversified national business system capable of supplying the national economy with its distinguished works and future projects.
