SHABAKAT Nuqul Group micro venture fund launched in Al Koura district

Published March 21st, 2010 - 09:56 GMT

Building on the already established partnership, Nuqul Group recently renewed its affiliation with Shabakat Al Ordon, one of its strategic partners in the adopted Al Koura district. The agreement calls for forming Nuqul Group's micro venture capital fund in the adopted district which will offer the capacity building platform for Al Koura entrepreneurs transforming their learnings into winning ventures with impactful and empowering results.

Through this project and in collaboration with Shabakat Al Ordon, Nuqul Group will identify 300 community members to participate in the preparation phase to be followed by a short listing procedure that will identify 60 prospect projects. A special comprehensive training has been designed to guide entrepreneurs and provide them with the needed skills to properly present and plan for their micro venture ideas. Winning projects will be managed and supervised by Shabakat Al Ordon’s team to ensure excellent preparation of prototypes of all products and services in line with the approved business plan. Trainers will also help candidates to develop their marketing and sales capacity and will provide them with the technical assistance required to successfully start up and grow their respective micro ventures.

On this occasion, Mr. Nidal Eses, CEO of Nuqul Group said: “Upon the completion of this project, the Group aims at establishing sustainable micro ventures in Al Koura. With continuous monitoring and mentoring, we believe that these projects will generate the impact we are looking for with a solid and positive spill over effect reaching residents across the district.” 
“With confidence and excitement we launch this project, and we look forward to witnessing tangible results through an interactive sharing of expertise with Koura residents.” added Mr. Eses.

Rami Karmi, CEO of Shabakat Al Ordon also commented: “Looking back at our previous partnerships with Nuqul Group, we can proudly say that impactful outcomes have been achieved. Through our continued partnership, we envision a great future for the families in Al Koura through the projects that will be implemented in the area. Our trained entrepreneurs will be able to create a strong foundation securing their future careers”.


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