UAE-based consumer electronics retailer, E-City is planning a major expansion across the Gulf expecting a growth in sales in 2018.
The AED 67 million ($18.2 million) worth expansion venture plans to add more stores in the UAE before adding more outlets across the Gulf, specially in Saudi Arabia and Oman.
CEO of E-City, Jaouad Dakir said, “The company will start its expansion in the UAE – specifically in Dubai’s Deira City Centre and three other locations in the UAE.”
He even added that, “The KSA is a big market with a fast-growing segment for consumer electronics. Customers are always looking for a trusted and a reliable brand.”
E-City, which is a part of Al Batha Group, recently completed an AED 35 million ($9.53 million) renovation of all its outlets across the UAE. At present it has eight stories across the UAE, in Dubai, Abu Dhabi, Sharjah and Fujairah.
According to a statement, the decision to grow is the result of “positive market forecasts and increased consumer demand”, and the retailer expects sales to increase by 20 percent this year.
more recommended stories
Emirates airline offers discount on fares to around 70 destinations worldwide
Emirates airline has introduced one of.
Know what Arabian Business has to say on 2018-08-12
Subscribe to our Newsletter and stay.
Air Arabia Adds Prague to its European Destination
Low-cost carrier Air Arabia has.
RTA Authorizes New Testing Standars for Electric Cars
Dubai’s Roads and Transport Authority (RTA).