Qataris entrepreneur Mohammed Rashid Al Matwi has acquired funding from the Qatar Development Bank (QDB) in order to establish a perfume manufacturing factory in the country in a bid to fill the gap for niche products.
Said to be the first of its kind in the country, the Perfume Factory will create niche products and sell ‘Made in Qatar’ fragrances worldwide.
Hoping to be self-sufficient in the sector and support other start-ups, the factory is also offering its services to other perfume manufacturers, individuals and companies.
Speaking in a video on the QDB official Twitter page, Al Matwi said, “The idea of establishing a perfume factory is new and first-of-its-kind in Qatar. This is an effort to create space for perfume manufacturers and perfume lovers. This will also provide a platform for startups who intend to launch their own brands and create a niche customer-base.”
He continued, “The main idea behind setting up this factory in Qatar is to achieve self-sufficiency, and also to promote local products and establish new brands in the market. This new facility provides a good opportunity to the entrepreneurs who are looking forward to make their own brands and pursue career in the perfume business.”
Other services provided by the factory include concept and brand development, perfumes and tailor-made requests, research, market assessment, development of new products, product sourcing, product manufacturing and packing.