Home / Knowledge / News / Apparel/Garments / Middle East retail market to touch $500 billion in 2010 – CMD, Raymond
Middle East retail market to touch $500 billion in 2010 – CMD, Raymond
27
Feb '09
Mr Gautam Singhania, CMD, Raymond Ltd
Mr Gautam Singhania, CMD, Raymond Ltd
Mr Gautam Singhania, Chairman and Managing Director of Raymond Ltd, also the largest integrated manufacturer of worsted fabric in the world with over 60 percent market share in India, was on a three day visit to the Middle East countries. During which he visited Saudi Arabia, UAE and Oman.

Raymond has opened a retail store 13 years back in Saudi Arabia to which Mr Singhania, commented by saying that, “We then believed in Saudi Arabia and continue to do so”. He was very optimistic of the potential of the retail business in the Middle East.

He optimistically said, “The Middle East retail sector is expected touch US $500 billion by 2010, of which, the Gulf Cooperation Council (GCC) countries will account for 60 percent of it”. The basic purpose of the visit is to explore business opportunities, he said.

He added by saying that, “Shopping is one of the most favourite leisure activities in the region, where malls are not mere shopping venues, but also serve as entertainment destinations and with the presence of a large number of expatriates, the region offered unparalleled business prospects”.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 1st Mar 2017

CMAI's Apparel Index for Q3 shows lowest growth at 1.4 pts

CMAI’s Apparel Index for the third quarter FY 2016-17 shows that the...

Courtesy: Carter

Apparel/Garments | On 1st Mar 2017

Kidswear retailer Carter’s acquires Skip Hop Holdings

US headquartered kidswear retailer Carter’s said it has acquired Skip ...

Courtesy: Lectra

Information Technology | On 1st Mar 2017

Lectra makes new strategy for fashion in Industry 4.0 era

Lectra, the world leader in integrated technology solutions, has...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search