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50% reduction in rent for stores, barns at Al Wakra Central Market

50% reduction in rent for stores, barns at Al Wakra Central Market

Tribune News Network
Doha
Hassad, Qatar’s premier investor in the food sector, has announced a 50 percent reduction in the rental fees for all commercial activities (stores and barns) in Al Wakra Central Market, starting from November 1, 2020, for two years.
This strategic decision aims to support the local livestock sector and its associated activities.
To ensure continuous success in all central markets managed by Aswaq for Food Facilities Management (a subsidiary of Hassad), a clear and planned mechanism has been put in place.
The company outlined a number of requirements for all tenants to follow, such as continuous products’ supply, maintaining high quality products and services, adherence to the markets regulations, hygiene requirement, uniforms, as well as prioritising local produce.
Eng Mohamed Al Sadah, Hassad CEO, said, “Contributing in achieving Qatar’s food security always tops Hassad’s strategic goals. Therefore, it is our pleasure to announce a reduction in the rental fees by 50 percent, for all commercial activities at Al Wakra Central Market for a period of two years as we aim to support traders, the local livestock sector and the associated activities.”
Al Sadah also explained that Hassad has funded the development of the central markets with the aim of establishing integrated marketing platforms, which includes all basic consumer goods, in order to meet the consumers’ needs during their visit to any of the central markets.
Earlier this year, Hassad exempted all tenants in Al Wakra Central Market and Al Sailiya Central Market from the rental fees in full, for a period of six months from April to September 2020.

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