Msheireb Properties and Qatar Development Bank partner to open investment opportunities and empower local SMEs and entrepreneurs

Msheireb Properties offers great opportunity to develop commercial business in the historic Al Kahraba Street at its flagship project Msheireb Downtown Doha

Doha, May 15, 2017

Doha: 14, May 2017: 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 an exciting business opportunity to local investors and SMEs.

This unique 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, Mr. Abdulla Hassan Al Mehshadi, Chief Executive Officer at Msheireb Properties, said, “We are extremely pleased to work with Qatar Development Bank 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, Mr. Abdulaziz Nasser Al-Khalifa Chief Executive Officer of Qatar Development Bank, 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 at a time when they country’s own ambitions are also progressing.”

Msheireb Downtown Doha will be home to a diverse retail mix, offering an array of bespoke mall, high street shopping and picturesque boutiques surrounded by street entertainment and live performance areas. This 31-hectare mixed use development situated in the heart of the city will set a new retail benchmark offering visitors access to art and culture, entertainment, and exciting new dining offering to become Qatar’s ultimate must visit destination.

Businesses who wish to take part in the selection process will be expected to deliver a full brand identity for a Qatari Concept Café and retail shop, and ensure that they have an innovative offer that focuses on local culture. Application deliverables include a description of the business plan, food and service concept presentation with a sample menu, and details of the operator’s background and experience.

Operators wishing to take part must submit their proposals to BLS@QDB.QA. For more information call 443 000 000.