Foreign investment always targets industries and sectors where yields are higher than 10%...
Midhat M. Abu Ghazhaleh talks about the strengths and disadvantages of the UAE textile industry with Mary Christine Joy. Synopsis: Abu Ghazhaleh Trading Co. (ABCO) LLC is a leading wholesale distributor and manufacturer of apparel, home textiles, and uniforms. The company has its operations across many countries including the Middle-east, Southeast Asia, South Africa, Eastern Europe, and Russia. It is one of the leading names in the textile industry of the gulf countries. Midhat M. Abu Ghazhaleh has been serving as the CEO of ABCO LLC since the past 30 years. He completed his education from Rawda High School and American University of Beirut. With all this years of experience and a strong educational background, Mr. Ghazhaleh has earned immense respect and knowledge from his peers and the textile industry. Excerpts:
You are in the industry since 1975. How has your journey remained so far? What are your major accomplishments in the industry till now?
UAE as a market has a lot to offer to brands. Can you explain a bit about the market for branded apparel in UAE?
How would you define the UAE textile industry - saturated or emerging? Please explain your stand.
Where is majority of the UAE textiles and apparels exported? Is majority of the textile and apparel production exported currently or is it consumed the most in the domestic market?
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.