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DOHA: This Entrepreneur Sees No Downturn In His Business

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  • DOHA: This Entrepreneur Sees No Downturn In His Business

    THIS ENTREPRENEUR SEES NO DOWNTURN IN HIS BUSINESS
    By Ramesh Mathew

    Gulf Times
    http://www.gulf-times.com/site/topics/articl e.asp?cu_no=2&item_no=266259&version=1&amp ;template_id=36&parent_id=16
    Jan 13 2009
    Qatar

    THERE are still a lot of opportunities for investment in Qatar,
    feels an entrepreneur, who runs a manufacturing unit of mementos,
    gifts, presentation boxes and packages.

    Armenian born-Vicken Deyirmenjian is a well-known name in Qatar for
    making trophies, medals and presentation wares.

    The young businessman, who heads the unit employing about 200 craftsmen
    on Street 48 of Industrial Area, said he had enough reasons to be
    confident about his business even in the face of global economic
    slowdown. "As a businessman, one needs to bear in mind what the market
    requires at this juncture. Entrepreneurs should work out their future
    plans to suit the requirements of the market," he said.

    Speaking to Gulf Times at his pavilion at the Doha Exhibition Centre
    as part of the "Made in Qatar" exhibition, the entrepreneur said until
    now he had not experienced anything that indicated a downward trend
    in business in Qatar. "In our business, every customer comes to buy
    something new and my company is meeting the demand," he said.

    He said Qatar is a good place to do business and has a growing local
    market for new products.

    Deyirmenjian said he has enough orders to deliver at the local level
    and he saw more chances to grow in coming years.

    Echoing similar feelings, his wife Vacha also feels that Qatar provides
    ample opportunities for entrepreneurs who take up challenges. "This
    country is very much business-friendly and has a number of people
    having a good disposable income," she said.
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