The Malabar Gold and Jewelery Company has expanded its investments in the United Arab Emirates by opening 6 new branches in the country.
Malabar is one of the world's largest jewelry retailer with a strong sales network of more than 280 outlets in 10 countries.
The group generated sales of $4.51 billion in 2021 and is currently the world's number one jewelry retailer.
Malabar opened three branches in the new gold market expansion project in Dubai, in the presence of Issam Galadari, CEO of Ithra Dubai, and Waleed Abdul Malik, director of the commercial registration department at Iqtisadiya. and Dubai Tourism.
Mainkuti See, Senior Manager, Malabar Group, opened Malabar Gold and Diamonds Showroom in Lulu Muwailih, Sharjah, while Mohammed Al Raisi, Manager of City Center Al Zahia, and Northern Emirates Group inaugurated Al-Futtaim has opened the Malabar store in City Center Al Zahia in Sharjah, and M. Crown Mall Branch, Jebel Ali, Dubai.
MB Ahmed, Chairman of Malabar Group, said in statements to Al Bayan Economic during the openings: "The UAE has established itself as an ideal destination for international investment and trade. There are many advantages that can boost revenue and drive business, which is why entrepreneurs and startups should do business in the UAE.”
He added, "The Dubai Gold Souk has always been the heart and soul of the jewelry trade in Dubai, and it is our pleasure to strengthen our presence in this region."
MP Ahmed, whose group is known for its activities in gold, diamonds, silver and lifestyle items, added: “We will continue to strengthen our retail presence in areas where we have established a strong presence. , the most important of which is the UAE, as well as entering new markets through our distinguished products, services and guarantees that guarantee a superior shopping experience for our customers.”
"Brand acceptance and sponsorship gives us confidence to further accelerate our expansion into the world's number one jewelry retailer," said MB Ahmed.
