One of world's biggest gold and diamond jewellers on track to operate 220 outlets by 2015
- Malabar Gold and Diamonds fortifies its presence in the Middle East with 108 outlets
- Opens three outlets by the end of January and 11 more outlets by March 2014
- Launches a brand new showroom in Ruwais Mall, Abu Dhabi and 2 new outlets in Qatar - Grand Mall, Near Karwa Head Quarters & Barwa Village, Al Wakrahon in the month of January
- The move is part of the $700 million (Dh2.5 billion) expansion to raise the number of outlets to 220 by 2015
- Inauguration Schedule
UAE Ruwais Mall : Wednesday, January 29, 2014 at 12 pm
Qatar Grand Mall : Friday, January 31, 2014 at 4 pm
Barwa Village : Friday, January 31, 2014 at 6 pm
o Offers : Chance to win up to 100 gold coins instantly and get up to 100% cash back
Dubai and DohaMalabar Gold and Diamonds, one of the world's largest gold and diamond retailers, opens three more showrooms in the Middle East this week that will strengthen its presence in the region.
The company, which is on a massive expansion drive, opens its 106th outlet in Ruwais Mall, Abu Dhabi on Wednesday, January 29, 2014 at 12 pm. They will also be opening their 107th and 108th outlets in Qatar by the end of this week. The outlets in Qatar are in Grand Mall, Near Karwa Head Quarters and Barwa Village, Al Wakrahon and will be inaugurated on 31st January 2014 at 4 pm and 6 pm respectively.
The moves are part of the $700 million (Dh2.5 billion) expansion drive announced by Malabar Gold and Diamonds – that will more than double the number of its 105 outlets to 220 by the end of 2015. The opening of the three outlets solidifies it's position among the world's top three gold and diamond jewellery retailers.
“Last year, we had made an announcement to become the world's number one jewellery retailer by expanding our network of retail outlets to 220 by the end of 2015,” MP Ahamed, Chairman of Malabar Group, said. “The move requires courage, conviction and strong commitment as well as massive utilisation of resources including $700 million investment.
“These new openings are part of that process and reflects our determination to implement the growth plan and we will execute this as per our plan.”
The retailer operates 32 outlets in the GCC countries and 1 in Singapore. In UAE, Malabar Gold and Diamonds operates 14 showrooms in Abu Dhabi, Dubai, Sharjah, Ajman and Al Ain. They are planning to open 6 new showrooms in the UAE within the next two months. In Qatar, they have outlets in Gharafa, Doha and Al Khor. The group is also set to unveil 8 more retail outlets in the Middle East - 2 each in Qatar, Oman, Saudi and Kuwait by the end of March 2014.
To celebrate the opening of these outlets, Malabar Gold and Diamonds announced fabulous inaugural offers for their customers. For every purchase of gold or diamond jewellery above Dh3,000, the customers will get a ‘Scratch and Win' coupon through which they get a guaranteed gold coin and a chance to win up to 100 gold coins instantly.
If it is a diamond jewellery purchase, the customers get a ‘Scratch and Win' coupon for a guaranteed cash refund with a chance to win up to 100 per cent cash back. The customers who buy diamond jewellery worth Dh3,000 are eligible to get both the coupons. These offers are valid at their outlets in Ruwais Mall, Grand Mall and Barwa Village till February 15, 2014.
Established in 1993, Malabar Gold and Diamonds have the wealth of experience in serving the discerning customers for over two decades. It is the consistent efforts by their management to deliver more than what they promise that led to their success. Commitment to customer satisfaction, unique designs and value for money are some of the factors that set them aside from their competitors.
Recognising their potential in the Middle East, they have embarked on expanding their footprints across the region. The group is represented in the Far East with 1 outlet in Singapore and is looking for expanding into Hong Kong, Malaysia and Indonesia. The company is also planning to spread their wings to European markets starting with UK and US.
Apart from the rapid expansion of Malabar Gold and Diamonds in the Middle East market, they are also expanding the international presence of their two different concepts of stores, one targeting to the Arab clientele – ‘Jawhara' and the other targeting the young and trendy – ‘Pink Chic'.
The group is in the forefront when it comes to CSR activities also. They set apart 10 per cent of its net profit to the benefit of needy. The charity projects of Malabar Gold and Diamonds have touched the lives of thousands of people across the world. They focus primarily in five priority areas such as health, education, environment, housing and women empowerment.
The company, which excels in quality products and services, has more than 7,500 professionals on its payroll.