Doha, December 07 (QNA) - The Ministry of Finance announced the inauguration of the Fourth Industrial Revolution Center of the World Economic Forum in Qatar, on the sidelines of the 22nd Doha Forum, held under the theme 'The Innovation Imperative' from December 7 to 8.

The Center is a leading independent, non-profit policy and governance organization for emerging technologies. The primary focus will be on sustainable development and economic competitiveness, in line with the country's national priorities and the Qatar National Vision 2030.

HE Minister of Finance Ali bin Ahmed Al Kuwari said: "Based on Qatar's long-standing partnership with the World Economic Forum and our commitment to sustainable development, we are pleased to launch the Fourth Industrial Revolution Center in Qatar. In line with the Qatar National Vision 2030, this center will serve as a catalyst to accelerate sustainable economic growth and achieve our country's strategic priorities."

HE the Minister of Finance explained that the Center for the Fourth Industrial Revolution in Qatar focuses on building an environment that encourages the flourishing of innovative ideas and technologies. The center aims to provide practical knowledge to support companies in adopting Fourth Industrial Revolution technologies, in addition to providing the necessary advice to develop flexible policies and experiment with innovative projects with tangible impact.

"At a time of global fragmentation, it is imperative that innovation and technology drive our shared priorities of sustainable development, cooperation and resilience, which have always been a key priority for Qatar's leadership," said President of the World Economic Forum Borge Brinde.

"The new center in Doha joins a growing network and platform, as it will serve as a key hub for fostering innovation and unlocking growth opportunities in the region and beyond," added the WEF President.

The Center for the Fourth Industrial Revolution serves as a platform for stakeholder collaboration, bringing together the public and private sectors to maximize technological benefits for society, while minimizing risk. (QNA)