Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
And it has further expansion plans and intends to open a store in both Sharjah this year and in Dubai early next year.
Al Maya Lal Group's director Jayant Ganwani and the Chris Scott, managing director of its new company, Homes R Us, said the UAE furniture and furnishing business was booming with a total sales turnover of Dh1 billion and they intended to share in this boom.
They said the group planned to set-up a chain of stores including outlets in, India, Oman, Qatar, and Kuwait with a franchise in Saudi Arabia.
Ganwani said 'With Homes R Us', we hope to break new ground by introducing a range of new and innovative life-style offerings from the best known manufacturers in the world.
We also plan to develop our range of own-branded products that will serve to complement our product range."
Chris Scott said his target market was middle and upper middle classe people, who are looking for value for money. He said store offered a wide variety of furnishings, accessories including an exquisite range of contemporary, traditional and classical home furniture, to suit the multi-cultural UAE market.
Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Move aims to deepen multi-sectoral cooperation
Brands in the UAE and the region have been advised to create the right awareness schemes that they’re deemed neutral
This continuous rise in investment is attributed to an emerging trend of financialisation of savings
The UAE registered trademarks totalling 4,610 in Q1
One of the driving forces behind the growth is the adventurous spirit of millennials and Gen Z
Figure reflects the emirate’s growing appeal as a preferred investment hub for innovative technology companies