A Qatari shareholding company with a capital of QR100m is to be set up for investing in and promoting educational schemes, Abdul Basit A Al Shaibei, Qatar International Islamic bank (QIIB) CEO, said yesterday. The company, to be known as Group One Education, is being established in accordance with Decision No.156 of 2008 issued by the Minister of Finance and Acting Minister of Economy and Commerce, H E Yousef Hussain Kamal. Group One Education is the result of the coming together of a group of entrepreneurs who believe in the need to focus on the promotion of education as the first and foremost pre-requisite for the nation's development. Investing in education is investment in the future and education is a key driver for national development, is the way their thinking goes. Among the schemes to be taken up by the new firm is the establishing of institutes for vocational studies and other specialised institutions. "The government is in close interaction with public and private institutions to forge the development of education in keeping with the requirements of the country's economy and to provide adequate venues to the young and energetic to acquire the knowledge and know-how required in various fields wherein they could be gainfully employed and serve the nation as bright citizens," said Al Shaibei. "QIIB is extending full support to this scheme in keeping with its long-term strategy for development in various fields. QIIB has always been committed to the society. It will remain so and will wholeheartedly support initiatives in education and manpower development for national growth," Al Shaibei said. The Pen

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