The Ministry of Finance, in cooperation with Qatar Development Bank, held an event on digital transformation and smart industry 4.0 in Qatar. The event was held at Msheireb Downtown Doha, and reviewed the latest global developments, promising projects and programs, and revealed future strategies and initiatives that support emerging technology and digital transformation that lead the future of industries and trade in the State of Qatar. The event witnessed the holding of a distinguished discussion session with an elite group of experts and specialists in advanced industries and decision makers from major companies and international bodies, in the presence of a group of local stakeholders and international partners as well as manufacturers and small and medium-sized companies, through which they reviewed the advanced digital manufacturing capabilities and discussed a range of issues. About the progress achieved and planned in the industrial sectors of the State of Qatar and its leadership in the Fourth Industrial Revolution in the region.
A group of Qatari manufacturers were honored that successfully graduated from the Qatar Development Bank programs in the model factory, as these companies demonstrated clear superiority in the effectiveness and efficiency of manufacturing and demonstrated their great ability to adopt advanced digital solutions, through the digital transformation program in its first version, and the advanced industry program. , learning and transformation programme.
The event presented two workshops that discussed advanced manufacturing and trade technology. The two workshops presented valuable ideas about the development of smart industry 4.0, and paid attention to developments in manufacturing, logistics, trade, and the uses of modern technologies such as artificial intelligence and the Internet of Things in advancing industrial progress and the efficiency of various business processes. The two workshops also touched on the role of digital solutions in facilitating small and medium-sized companies’ access to trade financing and facilitating customs operations, in order to speed up operations, save expenses, and increase efficiency.
Dr. Abdulaziz Khaled Al-Ali, Director of the Center for the Fourth Industrial Revolution at the Ministry of Finance, said: “This event is considered one of the first activities of the Qatar Center for the Fourth Industrial Revolution, which was launched on the sidelines of the Doha Forum 2024. The center works to harness the technology of the Fourth Industrial Revolution to accelerate the achievement of sustainable economic growth. In priority sectors in the national development strategy. The workshop reviewed examples of initiatives related to the fields of industry, trade, logistics, and digital transformation in general, carried out by the centers of the International Fourth Industrial Revolution Network of the World Economic Forum, which led to the transfer of knowledge and dialogue between stakeholders from the governmental, private, and academic sectors. We are proud to cooperate with the brothers at Qatar Development Bank, the leading entity in driving digital transformation in industry in Qatar. We look forward to more activities that the center will carry out in this regard.”
Dr. Hamad Salem Mujaygir, Executive Director of Small and Medium Enterprises Development at Qatar Development Bank, said: “We are happy with this partnership with the brothers in the Ministry of Finance, and we believe that an event specializing in digital transformation and smart industry of this kind carries increasing importance in light of the rapid and unprecedented technological developments. It reflects our commitment with our partners to adopt the latest solutions in advanced manufacturing technology and our keenness to transfer knowledge to Qatari companies and factories and localize it. We aspire to reach the level of innovation in these digital technologies and solutions, so that the State of Qatar continues to play its pioneering role in the field of digital transformation within the framework of its National Vision 2030.”
In turn, Qatar Development Bank announced the launch of the Digital Transformation Initiative to support small and medium-sized companies in adopting advanced technological solutions, to help conduct a self-assessment of their digital readiness. Qatar Development Bank has adopted the Smart Industry Readiness Index (SIRI) to assess the extent of digital maturity of companies and laboratories, and it trained evaluators. Accredited by various entities in the public and private sectors to assist in monitoring the smart industry readiness index tests. In addition, the bank noted the introduction of a digital grant to provide financial support to early-stage startups and a digital loan initiative for SMEs at low interest rates.
Qualified SMEs undergo a digital transformation program that lasts between two and three months, which provides them with education about Smart Industry 4.0 and provides them with case studies for optimal digital uses across the model factory, as there are more than 18 digital use cases that they can test to find out what suits their manufacturing processes. Private.
On the sidelines of the event, Qatar Development Bank signed 3 memorandums of understanding with three new partners: Tulip Company, TUV Sud Company, and the International Center for Industrial Transformation (INCIT). These memorandums are part of the bank’s continuing efforts to support the manufacturing sector in the country and provide it with partnerships capable of moving it to new levels. Better and open the horizons of technical and operational development for it, which will reflect positively on the private sector and the economic diversification efforts led by the Bank.
