SieMatic, a Germany-based luxury kitchen cabinet manufacturer, plans measures to boost its business in the Persian Gulf and explore new markets in the Middle East, a top executive of the company said.
The Middle East contributes up to 10 percent of the total revenue of the company and efforts are being made to increase the share by targeting other countries in the Middle East, especially in Persian Gulf region, Ulrich W. Siekmann, chief executive officer of SieMatic Moebelwerke, said.
"We see a slow, but steady growth in coming years in the Middle East. As a next step, we are looking at malls and we want to develop in this market in the UAE, Iran and Lebanon," Siekmann told Khaleej Times.
To develop business in the UAE, the company plans to focus more on Abu Dhabi market, in addition to target project and retail business in the country. Better Life, an enterprise of Easa Saleh Al-Gurg Group, is the sole distributor of SieMatic kitchens in the country.
"We have a SieMatic shop in Mall of Emirates in Dubai and a display center in Al-Wahda Mall. The company is also planning another display center in Mirdif City Centre," Ajai Dayal, general manager of Easa Saleh Al-Gurg Group for Retail and Marketing, said.
© Iran Daily 2010
