Qatar signs pact with WEF to set up Fourth Industrial Revolution centre

Qatar, represented by the Ministry of Finance, Sunday signed an agreement with the World Economic Forum (WEF) to establish a "Centre of Excellence for the Fourth Industrial Revolution” in Qatar.The agreement was signed by HE the Minister of Finance, Ali bin Ahmed al-Kuwari and WEF founder and executive chairman Prof Klaus Schwab, in Doha.This strategic partnership paves the way for future collaboration, as the centre aims to promote technological progress, diversify the economy and to promote sustainable development in Qatar, the Ministry of Finance said yesterday.It provides resources and an appropriate environment for research and development and the application of modern technologies that include artificial intelligence, blockchain technology, advanced manufacturing, Internet of Things, renewable energy and others.It will also provide learning and training opportunities in those fields for Qatari nationals, developing their skills to keep pace with global developments."Qatar continues to fulfill its commitment to strengthening multilateral action to address current challenges to contribute to global growth,” Ministry of Finance added.