Bedaya Center is a joint initiative by Qatar Development Bank and Silatech, a regional social initiative that works to create jobs and expand economic opportunities for young Arabs.

The duo said they will jointly work to raise awareness of the importance of Qatar’s financial sector and the careers to be found there, develop specific career development for the sector, and help to unlock the potential of Qatari youth.

The MoU aims to establish a framework for moving forward with a productive collaboration on career development events and activities.

As per the deal, Bedaya will facilitate one-to-one advisory sessions with QFC Regulatory Authority for those who use its career guidance tools and will also participate in parents’ awareness sessions hosted by the group.

In addition, the Regulatory Authority will consult on the preparation of the career videos that Bedaya produces highlighting the finance sector, and will also collaborate on its work exploration programs (such as job shadowing and internships) by hosting two students per year in different divisions of the organisation.

"Our strategic partnership is highly important in nurturing financial talent in the country while reflecting the organizations’ commitment to the Qatar National Vision 2030," said Raed Al Emadi, the vice chairman of Bedaya.

"The agreement with QFCRA comes in line with our strategy to develop careers in the field of financial services as financial services would continue to be an important pillar of Qatar’s economic development,” he added.

According to him, Bedaya will provide career guidance tools to all future potential Regulatory Authority talents, up to 15 per year and conduct one-to-one advisory sessions with Regulatory Authority staff and affiliates who have completed Bedaya assessments.

Otello Sturino, the managing director, Corporate Communications, said: "Our ultimate goal is to build a legacy of financial regulators for Qatar. We will work jointly on mutual strategies for Qatarisation by promoting awareness of financial services regulation and careers in this field to secondary school and university students and their parents."

Eisa Abdulla, the chief administrative officer at QFC Regulatory Authority, said: "We are intent upon offering our employees a dynamic and professional work environment that attracts experienced professionals from Qatar and across the globe."

"We are especially excited to work with Bedaya using their psychometric testing and career guidance tool, Tahmeed, to refine our selection of qualified job candidates and identify the people who will flourish here at the Regulatory Authority," he added.-TradeArabia News Service