Doha, July 22 (QNA) - Qatar Development Bank (QDB) and Young Entrepreneurs Club, operating under the Ministry of Sports and Youth, signed a partnership agreement on Tuesday aimed at fostering entrepreneurship and innovation in Qatar.

The agreement seeks to integrate the Club's existing programs and initiatives with the comprehensive support network and resources provided by QDB, ensuring a positive and effective impact that furthers both sides' efforts to build a thriving entrepreneurial ecosystem, empower young innovators, and strengthen the small and medium-sized enterprise (SME) sector nationally.

Under the agreement, QDB will serve as one of the Club's main supporters, backing various initiatives including conferences, entrepreneurial events, and year-round workshops designed to support entrepreneurs.

The Bank will also support the YEC.qa platform and app, and collaborate on knowledge sharing and mentorship to expand opportunities within Qatar’s entrepreneurship landscape.

Commenting on the agreement, Senior Marketing and Communications Manager at QDB, Ahmad Hassan Al Mahasna, stated that this partnership marks a new step toward further development in Qatar’s entrepreneurship sector, particularly among youth who are increasingly seeking to play an active role in the investment space.

They are pleased to collaborate with their partners at the Young Entrepreneurs Club and look forward to supporting their activities and events to help shape the next generation of business leaders.

Their presence at this year’s Rowad Conference will undoubtedly add value and enhance its success.

Adding that they reaffirm their strong commitment to empowering the entrepreneurial ecosystem and supporting creative youth across key priority sectors and industries that form the backbone of successful and advanced economies.

For his part, Chief of Membership and Organization at the Young Entrepreneurs Club, Abdulrahman Tarek Al Emadi, stressed the importance of this strategic move, stating that they believe that impactful partnerships with national institutions like QDB are essential to empowering our ambitious youth.

This agreement is a valuable addition to their mission of nurturing entrepreneurial projects and strengthening the capabilities of Qatari entrepreneurs.

They look forward to launching innovative programs and initiatives through this collaboration, which will help create a sustainable and competitive business environment locally and globally.

This agreement is part of QDB's ongoing efforts to enhance the local entrepreneurial environment and provide Qatari youth with greater opportunities to contribute to the national economy, in line with Qatar’s vision for a diversified, knowledge-based economy that champions innovation. (QNA)