Doha, Qatar April 21

The Social Development Center (SDC) and Qatar Finance and Business Academy (QFBA) has signed a Memorandum of Understanding (MoU) on empowering youth, building their capacities and broadening their professional choices, towards developing professional capacities, professional standards and the entrepreneurship environment in the community, in order to achieve the aspirations of the Qatar National Vision 2030, which focuses on youth as a means and an end for development.

The signing of the agreement pertains to the utilization of QFBA's training and development capabilities for the benefit of SDC's target group.

The MoU covers the development of professional standards in the common areas, which generally includes the entrepreneurship sector.

The MoU also stipulates putting forward and designing advanced training programs in the field of entrepreneurship, and the development of the entrepreneurship ecosystem accordingly, including professional standards and advisory services.

This emanates from the main role of the SDC as a non-profit developmental work organization founded in 1996 under the patronage of Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation for Education, Science and Community Development (QF) and founder of the Qatar Foundation for Social Work (QFSW). Since its inception, the Center has worked in the field of capacity building and achieving economic stability for less-privileged families. Following the Center's adjoining with the QFSW, in line with the Qatar National Vision 2030, the strategic directions of the Center has been flowing into the benefit of youth, and working on developing their capacities, in order to integrate and broaden their participation in community development.

Out of the keenness of QFBA, which was founded by the Qatar Financial Centre (QFC) Authority, to work on the building and development of human capacities in the financial and banking sector in Qatar, the Academy contributes to the realization of the Qatar National Vision 2030, in its pursuit of building a knowledge-based economy. The Academy was founded with the aim of contributing to the development of professional leaders in the business and finance sector, in addition to building a professional system for professional licensing standards in the financial sector, in cooperation with regulatory bodies, the labor market, and experts specializing in the field. The Academy also works in cooperation with international universities and international consulting firms to provide the best training programs for accredited international certificates by international organizations.

The MoU was signed, in pursuit of building capacities, developing human resources and improving the professional standards of human resources in the fields of management, business and finance, in addition to upgrading standards for work performance in the economic and social fields, for the working-age group.

Since the field of innovation and entrepreneurship is a part of the Center's interests, and the business and finance sector is the core of the Academy's affairs, the two parties are willing to partner and cooperate to achieve common objectives, all of which aim at the realization of the Qatar National Vision 2030 and the National Development Strategy, which focus on people as a means and an end for development.

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About the Social Development Center:
The Social Development Center is non-profit developmental work organization founded in 1996 under the patronage of Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation for Education, Science and Community Development.

The center aims to contribute to the development of society through nurturing the family and the development of human resources via training, rehabilitation and raising awareness. The center seeks to provide advanced social services with a developmental direction so as to adapt factors of sufficiency, interdependence and balance for the whole family, and is particularly interested in youth and groups that are less-privileged in education, capacities, and access to resources, in order to achieve its vision of supporting family stability and ensuring its social and economic security.

The Center grew out of the center of the Qatar Foundation for Education, Science and Community Development, and recently joined the Qatar Foundation for Social Work. The Center member is a member of each of the United Nation's Economic and Social Council (ECOSOC), the Arab Network for NGOs, and the World Family Organization.

About the Qatar Finance and Business Academy:
Qatar Finance and Business Academy specializes in the training and development of the financial sector, with a belief that such an investment is a key strategy to support the building of a modern and industrial knowledge-based economy, through raising the standards of the financial sector in the Qatari market, in cooperation with ministries, regulatory bodies, institutions and companies, as well as banks and others, in order to provide training solutions for business and finance, and skill development certificates, towards human resources development.

Objective:

Our goal is to raise the standards of the financial sector in the Qatari market in cooperation with the regulatory authorities, through:

- Building professional capacities and contributing to the achievement of the Qatar National Vision 2030

- Promoting talents in the country's financial sector

- Supporting regulatory bodies in the design and application of certification systems

- Providing professionals with a high-level learning experience

- Forming strategic alliances with world-class training and educational institutions

© Press Release 2016