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 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

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

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search