Monday, Apr 25, 2011
Gulf News
Dubai: Alokozay Group, an Afghani conglomerate with headquarters in Dubai, is looking to buy an Afghan bank.
This comes as part of their $300 million (Dh1.1 billion) investment plans in the country over the next three years.
“Along with the banks, we also have plans to set up a pharmaceutical,” Jalil Alokozay, CEO and Managing Director of Alokozay Group of Companies (AGC) told Gulf News.
The company recently announced their partnership with PepsiCo to be the exclusive bottler for the brand which involves setting up a $60 million bottling plant in Kabul. Headquartered in Jebel Ali Free Zone, Alokozay Group has offices in 40 countries in the Middle East, Asia, Eur-ope and Africa.
Strategic market
The group’s interests range from FMCG distribution and manufacturing, hospitality, real estate and petroleum.
The company will also invest close to Dh100 million in the UAE over the next three years.
“We will be expanding our tea operations because the capacity is running low. We will also be investing in a tissue plant and we’re planning to build more warehouses and free zones so our company is growing,” said Alokozay.
The company is investing in a tissue manufacturing plant, which will be up and running in the next six months.
“The UAE is a strategic market for us, it’s a hub. We have a lot of other plans for the UAE which we will disclose soon,” said Alokozay.
Better performing brand
Their Alokozay Tea is one of the better performing brands, according to Alokozay.
“In some markets it’s just incredible. We launched recently in Pakistan and we’ve seen growth of 200 to 300 per cent.
“In the UAE we’ve seen growth of 25 per cent this year and we’re expecting it to grow further,” said Alokozay.
According to Alokozay, Russia is their biggest market, followed by Iraq and Afghanistan.
By Aya Lowe/Staff Reporter
© Gulf News 2011. All rights reserved.
Gulf News
Dubai: Alokozay Group, an Afghani conglomerate with headquarters in Dubai, is looking to buy an Afghan bank.
This comes as part of their $300 million (Dh1.1 billion) investment plans in the country over the next three years.
“Along with the banks, we also have plans to set up a pharmaceutical,” Jalil Alokozay, CEO and Managing Director of Alokozay Group of Companies (AGC) told Gulf News.
The company recently announced their partnership with PepsiCo to be the exclusive bottler for the brand which involves setting up a $60 million bottling plant in Kabul. Headquartered in Jebel Ali Free Zone, Alokozay Group has offices in 40 countries in the Middle East, Asia, Eur-ope and Africa.
Strategic market
The group’s interests range from FMCG distribution and manufacturing, hospitality, real estate and petroleum.
The company will also invest close to Dh100 million in the UAE over the next three years.
“We will be expanding our tea operations because the capacity is running low. We will also be investing in a tissue plant and we’re planning to build more warehouses and free zones so our company is growing,” said Alokozay.
The company is investing in a tissue manufacturing plant, which will be up and running in the next six months.
“The UAE is a strategic market for us, it’s a hub. We have a lot of other plans for the UAE which we will disclose soon,” said Alokozay.
Better performing brand
Their Alokozay Tea is one of the better performing brands, according to Alokozay.
“In some markets it’s just incredible. We launched recently in Pakistan and we’ve seen growth of 200 to 300 per cent.
“In the UAE we’ve seen growth of 25 per cent this year and we’re expecting it to grow further,” said Alokozay.
According to Alokozay, Russia is their biggest market, followed by Iraq and Afghanistan.
By Aya Lowe/Staff Reporter
© Gulf News 2011. All rights reserved.
