Episode Transcript
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Speaker 1 (00:12):
Good morning, your excellency, Good morning. Let's get right into it.
Business is changing at a very rapid rate, especially when
you consider artificial intelligence. But you actually think that entrepreneurs
should prioritize depth over speed.
Speaker 2 (00:26):
Why is that so coming from a foundation like ours,
where we focus heavily on developing people. It's important for
us to have purpose in everything that we do, and
innovating for the sake of innovation may not find the
solutions that we're seeking, and so it's important for us
(00:46):
to really take stock of what's needed in the world
and make sure that we're able to reflect on the
knowledge of our ancestors, because there are great innovations that
have happened before. And if we think of the word innovation,
it comes from the word in novare from Latin novada
(01:09):
means new and in means into, which essentially means renew.
So do we have any knowledge today that is truly new?
Or are we continuously renewing what has been here before?
And so understanding that and respecting the knowledge of our
forefathers is important to realize what's important for us today
(01:32):
and being able to continue to renew the knowledge and
make it purposeful for today's world.
Speaker 1 (01:38):
Does it worry you then that a lot of times
entrepreneurs think that they have to reinvent the wheel, so
to speak, absolutely.
Speaker 2 (01:46):
And I think sometimes we think, you know, the big
ideas are the more important ones, where you know, maybe
the smaller solutions are actually a lot more impactful. So
taking the time and again having purpose is essential. If
we think of I love baking, so I'll give you
(02:07):
a baking example. If we think of sour dough bread,
you know, we nurture the yeast, we make sure our
starter is alive, and you take the time to make
your dough. Now I can easily use the fast acting years,
but it's not as healthy, it's not as tasteful, and
(02:29):
it doesn't provide for an opportunity for us to to
really take our time and enjoy the process. I think
sometimes we always think of this concept of you know,
time is money, right, and so we rush into things
thinking that doing something quickly is more efficient, whereas you
(02:50):
end up finding a lot more obstacles than you would
otherwise if you took the time and really actually enjoyed
the journey. You know, what is the endpoint of all
of this? We're here to enjoy that journey.
Speaker 1 (03:03):
So at Qatar Foundation, there are times where you tell
different stakeholders that it's better to kind of innovate within
an existing workflow rather than create a new one. Why
is that.
Speaker 2 (03:16):
I think it's we shouldn't put the strong kind of
orders to so that we don't inhibit creativity. But it
is important to understand, you know, what is it that
we're solving for innovation for the saken innovation in itself?
How useful is that? And so when I look at
(03:39):
the Foundation, and this is something a foundation that my
mother started thirty years ago. Now, her idea was to
actually learn from best practices around the world and localize
it completely to our community. And so we had the
best quality education that ensure that our culture and heritage
(04:01):
was absolutely preserved, so we didn't have to choose between
you know, quality education or living within our own culture
and heritage. And so marrying the two was a formula
that she pushed for. And we see that across all
the different programmings that we got in the Foundation, where
we are picking and choosing what is best for us,
(04:22):
and in that we've created something new, but it is
essentially part of something that has existed before and so
it's important for us to really, you know, again reflect
on what is it that we're solving for, what is
it that we need, and understand that this is a
long journey. This took us thirty years to get to
where we are today and our vibrant ecosystem that continues,
(04:45):
you know, to support individuals not just in the country,
but across the region.
Speaker 1 (04:52):
When you see young people entering the job market, I
imagine this idea of you know, depth over speed is
not on their mind. And so does that frustrate you
and do you kind of try and convince them, hey,
slow down.
Speaker 2 (05:07):
I mean, it doesn't frustrate me because I went through
my own journey and I understand when you're young, you
feel like you can change the world and you can
do it yourself. But I've reality hit very quickly and
I realized that that was impossible. And actually, you know,
seeking support and help and really understanding what is the
(05:29):
root problem that you're trying to solve for that allows
you to really plan and knowing that, you know, we
always think that there's a time limit. You know, there
are deadlines. These are all man made deadlines. There's nothing actually,
you know, there is no life threatening thing that will
happen if you miss a deadline. But it's important for
(05:50):
us to ensure that we are disciplined to meet the
targets that we want to meet and in a timely fashion.
Speaker 1 (05:57):
It's almost like social media has caused lot of this,
right because you go on your phone and you see
someone who is more successful than you, someone who has
more followers than you, someone who's raised more money than you,
and that creates oftentimes a sense of unease and a
sense of I'm not going fast enough. So how do
you balance I know you have, you know, children of
(06:17):
your own, how do you balance technology not only at home,
but within the Cautar Foundation as a force for good
rather than the downsides of it?
Speaker 2 (06:28):
With everything, there is balance, As you mentioned, I think
sometimes we fall on the trap of thinking technology will
solve all our problems, or you've got the super conservative
who think technology is the devil. And so I think
understanding what technology is needed and at what time. We've
(06:49):
experienced it in our schools where we saw the effect
of you know, using digital technology on children at a
very young age and it was not constructive to their learning.
And so it doesn't mean that we ban technology across
the board, but knowing when it is useful. If I'm doing,
you know, whether it's math testing, which is very beneficial
(07:10):
because it allows for a more personalized approach to learning,
then that's when we can use it. But I think
with everything, you need to find the balance. I think
of the there's a famous Islamic scholar, Razzali, and he
talked about a man on a horse, and the man
on the horse was either in control of the horse
(07:32):
that he was riding or he was dragged by the horse.
And so this metaphor, it's a true reflection of you know,
technology in general, where you're either allowing technology to completely
rule the way that you operate or you're in charge
of when you bring in technology and how it operates.
Speaker 1 (07:53):
Artificial intelligence, is it a friend or a threat? Both.
Speaker 2 (08:02):
We've seen how AI has been useful, whether it's through services, security,
many different venues. But also we see, you know, the
lack of privacy, the deep fakes that everyone's talking about.
So yes, there is a threat. When I think of
(08:24):
my children and I think of the future generations, it's
so difficult today to find truth, and so AI might
be complicating that even further. So I think there there
has to be some sort of regulation that ensures that,
you know, we're not just completely relying on AI for everything,
(08:46):
but also understanding what's true and what's not. But again,
I know it's a it's an impossible task even today,
regardless of AI to find the truth, and so we
need to I think, not regulate, but also self regulate.
Speaker 1 (09:02):
When we think about Qatar. You know, we're sitting here
this second year of Web Summit here in Qatar. Qatar
has ambitious goals to transition from a resource based economy
to a knowledge based economy. What are some of the
challenges to accomplishing that.
Speaker 2 (09:19):
I see the opportunity I think what again was established
thirty years ago with the Other Foundation, It was to
really draw the map for a knowledge based economy and
with our strategic vision in the country. It really reflected
(09:40):
what we were doing in the Foundation. We believe in
unlocking human potential. That's what we do. We support individuals,
which is very rewarding, but also it has a huge
burden because you are you know, you're supporting people to
hopefully be successful in life and not just be successful,
but also contribute to the development of their country. And
(10:00):
so with the development of our ecosystem, whether it was
a K to twelve education system, higher education, eventually research.
We've managed to develop an ecosystem that will truly support
the knowledge based economy. And I'm very hopeful that you
know where our journey has started. We're not the journey
(10:21):
I will never end, but we do have the opportunities
today that will enable people to contribute to developing the
country into knowledge based economy.
Speaker 1 (10:32):
And I have the privilege of visiting QSCP yesterday and
seeing more than fifty startups tech startups building their companies there.
What do you think it is about Qatar that can
be attractive to foreign companies, you know coming to the region.
Speaker 2 (10:49):
We're always not always, but sometimes we're criticized for our size.
But actually, for me, that's the biggest advantage that we
can have because I see, you know, I lived in
my life. I saw the old Doha and the new
Doha and how the transformed. And this is just in
(11:10):
you know, thirty years. So if that can happen, imagine
the opportunities that you have to really pilot ideas in
this country. The transformation is quick, and we have the
talent pool here, whether they are paties, locals, residents or
even talent that come here for a few years because
(11:32):
they believe in what we're doing. And the country has
invested heavily, whether it's in the infrastructure or in education health.
If you have a country that truly believes in education,
you know, that's the biggest obstacle in any other government,
you know, And so we're thankful to have this support
(11:53):
and the support of the even research development in the country.
There is a huge push towards that and we've been
privileged because we've we've been able to develop the ecosystem
that can allow for that to flourish.
Speaker 1 (12:09):
Qatar Foundation has so many different you know, initiatives and facets.
How do you prioritize your time and what drives you
every morning?
Speaker 2 (12:19):
Prioritize my time. So I've I've been privileged to work
for both my parents. I started off working for my
father and he taught me to be disciplined but also humble.
And with my mother, of course she taught me again
(12:42):
discipline but also that the sky's limit. And so every
morning we think, you know, what is it that we
can create, how can we improve, how can we and
how can we continue to contribute to the development that
was started thirty years ago. My children, of course, are
also my greatest motivators. I want to be able to support,
(13:04):
just like my mother did when we were children, to
support in an education ecosystem that can be that can
support every single individual in the country. When I look
at the opportunities that our students have today, this didn't
exist before. I mean, we've got a school for children
(13:25):
with autism, We've got a school for children with learning difficulties,
and it's all in one campus, and it's part of
our DNA and what we try to do because every
student needs to have a place in school that's their right,
and we need to make sure that it's not just
you know, a seat that they fill, but actually it's
a it's a productive seat for them so that they
(13:46):
can themselves contribute to the development of this country.
Speaker 1 (13:50):
On the other side of that, what keeps you up
at night.
Speaker 2 (13:54):
Not being able to accomplish that. It's, you know, again,
we're a small country, We've got limited human resources. Sometimes
we think, you know, our ideas are much larger than
what we can develop in a short time. So trying
(14:15):
to keep up with the needs and continuing to again
innovate in a way that is constructive to our people
and our nation. We want to be able to, you know,
do what's best for people and do what's best and
make sure that they can live a healthy and happy
(14:36):
life and live in balance. You know, you want to
be able to be productive and give everything to your work,
but then also you want to have that joy, and
so finding the balance between being productive but then finding
the joy is sometimes a struggle. Absolutely.
Speaker 1 (14:54):
You know a lot of entrepreneurs watching you today. As
an entrepreneur, you know, you're regularly trying to get in
front of CEOs like yourself VCS. What's something that an
entrepreneur has done or maybe a young professional has done
that's impressed you to get your attention to make you listen.
Speaker 2 (15:14):
I recently met a couple of our alumni and they
came to meet and to discuss their their startup that
they started when they were students in Carnegie Carnegie, mell
and Rata and they actually met as students and eventually
got married. But what was inspiring for me is that
(15:35):
there was a sense of uh gratification. You know, there's
a there's a sense of I find my purpose. We're
doing this because there's a need not just in the
in the local market, but in the global market, and
you can see the satisfaction that they have, and that
(15:55):
to me is the most important thing. You need to
find your way where you're able to find that purpose
and be able to contribute in a meaningful way.
Speaker 1 (16:05):
So not just feeling restless all the time and wanting wanting,
but also being happy with what you're where you are
and what you're working on interesting and overall. What is
your advice for entrepreneurs in terms of you know, how
to stand out how to build their companies in twenty
twenty five.
Speaker 2 (16:23):
My advice is to find your balance, find what you
know brings you the happiness enjoy but at the same
time it is able to amplify the talent that you've
been given. And finding that balance and finding the purpose
is the most important thing that will guide you to
(16:46):
a meaningful and successful life.
Speaker 1 (16:50):
When you think about how far Quitar has come over
the past few years. You know, obviously World Cup, major
major event, and now Web Summit bringing together I think
over twenty thousand people. How does that make the person
who grew up in Doha, you know, in a much
smaller city. How does that make you feel?
Speaker 2 (17:10):
Let me say the final whistle of the World Cup,
I think the whole country was in mourning. Everyone wanted
it to continue. No, it's and this is one thing, honestly,
throughout my professional life I have witnessed, which is knowing
that as a country, we have a seat at the
table where our voice matters. We've proven that we can
(17:35):
be as successful, if not even more successful than others.
And having that belief is something that you know. It
doesn't come easy because you're continuously bombarded with whether it's
social media and people showing you that they can do
better and are better. But again, I mean, we have
(17:55):
always been very clear about who we are as a country,
what we believe in, and that's absolutely freeing, but also
at the same time, it gives us a drive. And
seeing the transformation of this country has been a true
privilege because I know that not many countries have. Not
many people in different countries have been able to witness
(18:17):
the development of their countries, either they came too early
or too late, and so we're truly.
Speaker 1 (18:22):
Privileged to be here and also driving a lot of
that changed as well.
Speaker 2 (18:27):
Well.
Speaker 1 (18:27):
Thank you so much. We're out of time. I really
appreciate your time this morning.
Speaker 2 (18:31):
Thank you so much, thank you