Msheireb Properties, developers of Msheireb Downtown Doha and a subsidiary of Qatar Foundation, have signed a partnership agreement with Qatar Development Bank (QDB) to offer a business opportunity to local investors and SMEs.
This endeavor reflects Msheireb Properties aim to diversify all fields of Qatar’s economy. The agreement will provide a great investing opportunity to startups and small and medium businesses looking for a vibrant downtown venue to bring their project to life. The project which includes an innovative concept café with accompanying retail store will have a focus on Qatari culture showcasing flavours that are synonymous with Qatar.
According to this agreement, Msheireb Properties will provide the selected business with a prime retail space located at the city’s historical Al Kahraba Street within their landmark project, Msheireb Downtown Doha, an exciting new mixed use development that will regenerate the city’s commercial centre.
While QDB will appoint the best café operator and owner, and provide financial help and business counselling services to ensure the new enterprise grows and prospers.
Speaking of the venture, Abdulla Hassan Al Mehshadi, Chief Executive Officer at Msheireb Properties, said, “We are extremely pleased to work with QDB to bring this opportunity to life in Qatar. Our work supports Qatar’s National Vision 2030, which seeks to progress the country’s economic and human development. We aim to guide the energies of our youth towards entrepreneurship and the development of projects by overcoming obstacles and providing them with means that help motivate them to innovate and encourage them to do business.”
Commenting on this business opportunity, Abdulaziz Nasser Al Khalifa Chief Executive Officer of QDB, said: “We are delighted that leading organisations such as Msheireb Properties recognise the need to provide support to Qatar’s SMEs. Our vision is to stimulate a vibrant and robust private sector by empowering Qatari entrepreneurs and innovators to grow enterprises that help diversify the country’s economy. Together with Msheireb Properties we are providing a vital springboard for growth."
