Wednesday, 20 September 2017 02:41 GMT

img

UAE's Jumbo plans expansion

(MENAFN) UAE-based retail electronics giant Jumbo Group announced that it plans to expand its engineering and B2B businesses as well as its retail footprint in the GCC, India and Iran, Arabian Business reported



The group's CEO said following an unfavorable business analysis which put plans for a food and beverage franchise venture on hold, the firm is to seek out new opportunities for its existing ten-year-old subsidiary



"I see that - in another three years' time - to be a significant part of our portfolio," the CEO said. "I see that - in another three years' time - to be a significant part of our portfolio.



Jumbo Engineering and the B2B business comprised 15 percent of Jumbo Group turnover
UAE's Jumbo plans expansion

More Stories

Newsletter