A view of the Festival Village.
Doha: Ezdan Holding Group has announced the leasing of 75 percent of available commercial outlets in Magical Festival Village, which exceeds 400 outlets, sprawling on an area of 50,000 sqm in “Katara” area.
Ezdan holds 70 percent ownership of ‘Magical festival Village’ after it acquired the Speed & Trading Contra ting’s stake in the Festival Village. Designed in a European countryside style that flows seamlessly with the architectural lines of the Village, the commercial outlets are neighbored by the cafés area, featuring 19 cafés and 20 restaurants, next to fountain square in the heart of the market, and bordered by the public seating area of nearly 800 seats for visitors to relax and enjoy the overwhelming ambiance of the village.
Ezdan Holding Group CEO Ali Mohammed Al Obaidli said: “Acquiring the majority stakes in “Magical Festival Village” supports Ezdan Holding Group’s strategy aimed at reinforcing its investments in the retail and entertainment sector. Moreover, our desire to work on this project stems from its excellent concept as the largest entertainment project in Qatar, which seeks to promote shopping and boost tourism activity. We aspire to propel the project towards greater success and effective competitiveness, while dedicating all means to turn it into a renowned shopping hub throughout the region, and the prime destination for entertainment seekers in Qatar”.
Magical Festival Village Operating Manager Abdulaziz Issa Al-Mohannadi said: “The large turnout of exhibitors, entrepreneurs and international retail agencies for the upcoming season of the Village’s events is expressively huge and an important indicator of the project’s success and impact.
The turnout reflects participants desire to provide the best of their goods before a large audience base keen to visit the Village and enjoy one of the most successful projects in the entertainment sector”.
Top notch quality products will be displayed to meet a wide range of tastes and will vary between jewelry, clothing, leather goods, cosmetics, toys, electronics, sweets and worldwide furniture, noting that a German company has signed a lease for more than 80 outlets, through which it will offer a significant number of global brands.
The year 2016 have seen major expansion of Ezdan Group in the retail and entertainment sectors. The Group initiated this year by announcing its partnership in the Festival Village.”
