EMKE Group plans outlets in Saudi, Egypt and India |
|
ABU DHABI -- UAE-based retail giant EMKE GroupEMKE Group
, which is eyeing a larger share of the regional retail market, has plans to enter the fast growing economies of Kingdom of Saudi Arabia, Egypt and India with ambitious business plans.
The group, which operates 66 shopping outlets under the flagship 'LuluLulu' brand is adding three new stores this week itself. The first one was opened in the newly launched Khalidiyah Mall in Abu Dhabi, yesterday, which will be followed by Barka in Oman today and Karama in Dubai on January 16.
Talking to Khaleej Times, Yusuffali MA, managing director of the group said, "After firmly establishing our presence in the region we are now focusing on increasing our retail network both in the existing as well as new markets. With the opening of these three hypermarkets our total store count will reach 69 and we intend to hit the 75 mark by the end of the year," he added.
This position will be further consolidated this year with LuluLulu entering the Saudi market.
"Saudi Arabian market was always on our radar, but we wanted to firm up our position in the rest of the GCC before we venture into the largest regional economy," said Yusuffali.
He said the group has got tremendous response from Saudi Arabia, Egypt and India for its plans to enter into those markets. "The group is finalising its plans to open shopping outlets in the three large economies very soon," he added.
The retail market scene in the UAE is very competitive with the presence of several known international chains, which also have aggressive plans to expand in the region. The recent announcement of UK chain Whiterose is also sure to add to the excitement.
Commenting on the international competition Yusuffali said "We always welcome competition as this brings in new ideas and helps us set higher standards. Even with the presence of big international players the reason we have grown in numbers in both store as well as shoppers, is because of our approach."
He said that EMKE GroupEMKE Group has always been international in its approach, whether it is store layouts, quality of products and services, product profile or even staff.
The group, which last year diversified into shopping malls and real estate, has already launched three malls -- Al Wahda Mall, Khalidiyah Mall and Al Raha Mall in Abu Dhabi, with seven projects coming up in other cities in GCC and India.
BY HASEEB HAIDER
© Khaleej Times 2008
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Zuhair Fayez Partnership Consultants | Saudi Arabia | Construction and Design |
| Ministry of Health - Saudi Arabia | Saudi Arabia | Ministries and Municipalities |
| Qatar Engineering and Construction Company | Qatar | Construction and Design |
| Hyundai Engineering and Construction Company - Saudi Arabia | Saudi Arabia | Construction and Design |
| Nissan Motor Egypt | Egypt | Transportation Products |
| Almarai Company | Saudi Arabia | Food |
Projects
| Project Name | Country | Sector |
| ADNOC/ConocoPhillips - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
"successful people donot do different things, they do things differently"
Mani KR
00966 556688126 [Report Abuse | Email to a Friend | Reply to this Comment]