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Article: UAE furniture and home decoration retail market reaches US$ 600 million
- Article from:
- Al Bawaba
- Article date:
- December 16, 2007
CopyrightCopyright 2007 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Al Khayyat Investments, a leader in retail franchising in the
Middle East, has signed a master franchise agreement to exclusively
operate the Guy Degrenne retail outlets in the UAE, Kuwait, Oman,
Qatar and Bahrain and one flagship cookery school.
"We are delighted to announce this exclusive agreement with
prestigious global retail brand Guy Degrenne," said Ahmed Al
Khayyat, Board Member, Al Khayyat Investments. "We see huge
potential for the furniture and home decoration sector in the region
with more than 40,000 residential units being built annually until
2010, just in the UAE. We are confident that Guy Degrenne brand will
experience immense success in the region."
A total of 15 outlets ...