Doha, May 24 (QNA) - Media City Qatar and Qatar Development Bank (QDB) have signed a Cooperation Agreement to strengthen Qatar's creative and cultural industries ecosystem by advancing innovation, nurturing global talent, and expanding opportunities for media startups.

Signed during Day 3 of the 2025 'Qatar Economic Forum, Powered by Bloomberg', the agreement marks a joint effort to support media entrepreneurship in Qatar.

The agreement outlines a comprehensive framework to support Qatar's media and creative economy through six strategic areas.

These include joint efforts to identify and support large-scale media productions aligned with the nation's cultural and export priorities, as well as the launch of a co-branded acceleration program in partnership with QDB's Creative and Cultural Industries Hub (SCALE7).

This program will provide hands-on support to startups through workshops, masterclasses, hackathons, and pitching events, aiming to spotlight high-potential ventures and connect them with top investors and industry leaders.

The agreement names Media City Qatar as an official partner in QDB's Talent Community Program, supporting startups and helping attract creative talent.

Together, they will share opportunities, explore co-investments, and help startups grow across the region and beyond. Media City Qatar and QDB will also promote the Startup Qatar Investment Program, invite each other to events, and work with key partners to strengthen these efforts.

CEO of Media City Qatar Eng. Jassim Mohamed Al Khori said: "Our commitment to startups is no coincidence: over 60% of our 200+ licensed companies are startups. That is why partnering with Qatar Development Bank is a natural next step in our mission to build a vibrant culture of media entrepreneurship in Qatar".

He added: "This Cooperation Agreement is designed to accelerate the growth of both our current and future licensed companies. By combining our strategic platforms with QDB's startup expertise and investment channels, we are creating real pathways for media entrepreneurs to scale and innovate. This will enable them to produce content that contributes meaningfully to the country's creative GDP."

CEO of Qatar Development Bank Abdulrahman Hesham Al Sowaidi commented: "This partnership reflects a shared vision for building the next generation of media entrepreneurs who contribute to shaping Qatar's creative economy".

He stressed: "By bringing Media City Qatar on board as an official partner in our Talent Community Program, we are enriching the national startup ecosystem with creative talent ready to scale, directly contributing towards building the knowledge-based economy and Qatar's 2030 objectives. The agreement also sets the stage for establishing the first media sector accelerator under our Creative and Cultural Industries hub, Scale7, designed to empower innovation across the national media landscape".

He added: "Beyond talent development, this collaboration expands our capacity to back ambitious media ventures and accelerate their path to regional and global relevance. This partnership also enables us to promote the Startup Qatar Investment Program further and provide an investment platform for Media-sector startups."

Media City Qatar, as the official partner of the Forum, continues to forge high-impact partnerships that unlock new value for Qatar's media sector and contribute to the national knowledge-based economy goals of Qatar National Vision 2030. (QNA)