Amid the economic blockade, which is nearing its first year, many home-based businesses continue to thrive, demonstrating a key role in Qatar’s economic development, an official of Qatar Development Bank (QDB) has said.
At the opening of the ‘Ramadan Bazaar 2018’ at the Gate Mall on Sunday, QDB executive director of Advisory Services and Incubation Ibrahim al-Mannai said the market’s third instalment is a continuation of the success of previous editions, reflecting “the pivotal role home-based businesses play, and the significant impact they have in contributing to the development of the national economy.”
Al-Mannai said the bazaar offers home-based businesses a “unique opportunity” to display and sell their products, create new marketing and distribution channels, and showcase their projects on a wider scale.
“This comes in line with QDB’s strategy to support home-based businesses and to improve their economic and social stability, and in return contribute to the sustainability and diversification of the national economy, which is in line with Qatar’s National Vision 2030.
“QDB is committed to support and empower these businesses, enhance entrepreneurs’ skills, improve levels of production, and provide them with market access opportunities to transform these businesses into larger enterprises,” al-Mannai said in a speech during the opening ceremony.
Speaking to Gulf Times on the sidelines of the event, al-Mannai said QDB’s ‘Ramadan Bazaar 2018’ was launched in collaboration with Bedaya Centre for Entrepreneurship and Career development and Qatar Business Incubation Centre (QBIC) and is part of the Home-based Business National Programme (HBBNP) that QDB launched in 2015.
“The programme was launched by QDB to support the growth of the home-based business sector so that Qatari entrepreneurs could also play a significant role in the development of Qatar’s economy,” al-Mannai pointed out.
Al-Mannai led the ribbon-cutting ceremony of the ‘Ramadan Bazaar 2018’ in the presence of Salam International CEO Abdulsalam Abu Issa, QBIC CEO Aysha al-Mudahka, and entrepreneurs participating in the market.
‘Ramadan Bazaar 2018’ will run until June 8 at the Gate Mall – Vetrina 17 and at the Katara – Dukhan Bedaya from 8pm to 1pm, as well as at the ‘Night Market’ held at the Al Duhail Sports Club parking lot.
It features a variety of homemade products and innovative handcrafted items produced by 150 entrepreneurial projects and initiatives.
The opening of ‘Ramadan Bazaar 2018’ was also highlighted by an open discussion with Abu Issa, who shared his career path and success stories. He also provided advice to Qatari entrepreneurs who are new in the market.