(MENAFN- Gulf Times) Acting Chief Executive Officer of Qatar Development Bank (QDB) Abdulrahman Hesham al-Sowaidi announced the bank's intention to expand the model factory concept, Factory One, with the aim of improving national industrial system and raising its contribution to the national economy.
In a speech after 9 new national companies completed the factory programmes, al- Sowaidi praised the companies on the achieved successes and congratulated their owners on completing their training journey as well as on the operational flexibility achieved to raise their production competencies, which is the main goal behind launching the 'factory', the first of its kind in Qatar in the field of developing industrial capabilities.
Factory One offers several trainings and programmes ranging in scope from Introduction to Lean to Learn and Transform Programme - a hands-on training programme on implementing these concepts on-ground.
Since its launch in 2021, industrial companies in various sectors have benefited from the factory programmes, in addition to more than 100 field visits to about 30 small and medium beneficiary companies.
The Factory One is part of the QDB's business incubators and accelerators system. It is funded and developed by the bank.
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