The agreement will provide an investing opportunity to startups and SMEs 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 flavors that are synonymous with the country.
According to this agreement, Msheireb Properties will provide the selected business with prime retail space located at the city’s historical Al Kahraba Street within their landmark project, Msheireb Downtown Doha. QDB will appoint the best café operator and owner and provide financial help and business counseling services to ensure the new enterprise grows and prospers.
Abdulla Hassan Al Mehshadi, CEO, Msheireb Properties, said: “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.”
QDB CEO Abdulaziz Nasser Al Khalifa said: “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.”
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.