ESAG expects 26% retail growth in 2016

Dubai - The group also unveiled the joint ventures Siemens Healthcare & Akzo Nobel Decorative Paints in the first quarter of 2016

Easa Saleh Al Gurg Group (ESAG) expanded their overall portfolio recently, unveiling two unique interior design concepts, Chattels & More and KARE.
The group also unveiled the joint ventures Siemens Healthcare & Akzo Nobel Decorative Paints in the first quarter of 2016. The new partners are part of ESAG's organic growth strategy that has seen the over 370 brand-strong conglomerate adding to existing strengths in chosen industry verticals. In 2016, ESAG expects a significant growth of 26 per cent in the retail and lifestyle sector as opposed to 2015.
On the other hand, the consumer vertical is expected to grow approximately 11 per cent, while the industrial sector will grow 11.77 per cent, and the building and construction sector has an expected growth in turnover of around 12 per cent.
Abdulla Al Gurg, group general manager at ESAG, says: "Our growth and expansion plans are always in cohesion with core business strategies. Trade has been a major cornerstone of the group's growth and development. We achieved goals set out in our first five-year plan ending in 2015 despite some significant swings in the global economy, and our 2020 plan has even more aggressive targets to achieve."
In order to ensure continued growth into new sectors and markets, ESAG remains keen to identify and associate with global brand leaders through trading partnerships and technical collaborations. Furthermore, with innovative, sustainable and progressive practices, the group remains at the forefront of changing market and industry trends, ensuring their product and service offerings are a true reflection of Dubai's Smart City vision.
"Our operational strategies and business management practices continue to mature, helping us to bring a more varied product mix to the sectors in which we operate. Being able to take smart business decisions and quickly execute them is the key to staying competitive," added Abdulla Al Gurg, highlighting that while the group's focus remains largely on the retail sector, the organisation continues to seek opportunities within its diverse portfolio.
- business@khaleejtimes.com