Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai FDI supports Lindt in enhancing region-wide presence  Join our daily free Newsletter

MENAFN Press - 14/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Dubai FDI, the investment development agency in the Department of Economic Development (DED), has assisted one more multinational move to Dubai for broader market access and expansion with Lindt & Sprngli, the famous Swiss manufacturer of premium chocolates, establishing its representative office in the emirate



Dubai FDI, in association with Corporate Business Services (CBS), a Dubai-based company set-up and formation solutions provider, facilitated the opening of the Lindt & Sprngli office, which will serve distributors throughout the Middle East, Africa and the Indian Sub-continent



Commented Fahad Al Gergawi, Chief Executive Officer of Dubai FDI: "Lindt & Sprngli moving to Dubai has varied implications for the company as well as for the emirate and its vast catchment that includes Middle East, Africa and the Sub-continent. It underlines the significance of Dubai as a supply chain hub in the region and a magnet for investors across varied geographies.



Al Gergawi said that a growing number of multinationals are coming to Dubai seeking to serve their clients better and break new grounds for growth as a diversity of businesses sectors, new opportunities, ease of doing business, connectivity and varied lifestyle choices, continue to keep Dubai as a preferred destination for businesses and individuals



The Dubai FDI CEO added that the positive sentiment Dubai has reinforced as the host city of the Expo 2020 will bring in more high profile investors like Lindt & Sprngli on the longer term



"Over the past three years Dubai FDI has assisted nearly 470 companies, from varied sectors, to set up in Dubai. The net investment brought in by these firms is around AED 9.56 billion. The Expo would not only create new demand but also attract investments through introducing the advantages of doing business in Dubai to a large international audience," Al Gergawi remarked



Ayman Al Awadhi, Managing Director of CBS added: "CBS is an award-winning company ranked among the top 100 performers in the UAE and we are proud to work closely with Dubai FDI towards attracting foreign business to Dubai and the region. With the world-class infrastructure the city has on offer and Expo 2020 in the offing, doing business in Dubai has become even more attractive across all industries and business sizes."



An acknowledged leader in its sector, Lindt & Sprngli has a tradition of over 160 years and serves more than 100 countries around the world. The company registered an annual growth of eight per cent in 2013 after its global turnover reached around AED 11.7 billion.



"Being based in Dubai allows us to reach all of the parts of our large territory, and one of the main factors in our choice of location was the exceptional communications infrastructure that Dubai provides. With the support of Dubai FDI, and the help of our partner, CBS, we were able to incorporate our Dubai branch effortlessly," Graeme Bradstock, Head of Region, Chocoladefabriken Lindt & Sprngli



Between 2011 and 2013 Dubai FDI has assisted 469 companies, mainly from the services, trading, manufacturing, hospitality & tourism and oil &gas sectors, to set up in Dubai. Together these companies have brought in AED 9.56 billion in foreign direct investment (FDI) to Dubai.



About Dubai FDI:
Dubai FDI, the investment development agency in the Department of Economic Development (DED), works to promote investment opportunities in Dubai and support international investors to establish a presence here whilst taking advantage of Dubai's strategic location to access the MENASA region. We assist in the identification of sector specific opportunities, provide connections to a network of both government and non-government partners, and provide support throughout the investment lifecycle from setup to growth.

 


MENAFN Press




  MENA News Headlines
 Jul 7 2015 - Kuwait- Jazeera Airways Reports May PerformanceArab Times
(MENAFN - Arab Times) Jazeera Airways today released its May 2015 Operational Performance Report, which showed an 11% increase in total flown passengers from May 2014. The 11% increase of flown ...

 Jul 7 2015 - Gulf Markets Weak On Greece, Oil Egypt TumblesArab Times
(MENAFN - Arab Times) Egypt's stock market tumbled on Monday, breaking major technical support, as leading property firm Emaar Misr plunged following its listing on Sunday. Most Gulf markets fell ...

 Jul 7 2015 - Saudi, Kuwait Trend Lower During MonthArab Times
(MENAFN - Arab Times) GCC markets saw mixed performance during June-15 with Saudi Arabia and Kuwait witnessing a downward trend since the beginning of the month whereas the rest of the markets ended ...

 Jul 7 2015 - Kuwait's Consumer Price Index Inches Down Food Inflation UpArab Times
(MENAFN - Arab Times) Inflation in the consumer price index (CPI) inched down from 3.4% year-on-year (y/y) in April to 3.3% y/y in May,(Chart 1)amid a slowdown or stabilization across all components, ...

 Jul 7 2015 - KSE Sheds 22.93 Pts Amid Swell In VolumeArab Times
(MENAFN - Arab Times) Kuwait stocks pulled lower on Monday after eking a modest rebound in the last session. The price index pared steeper early losses to close 22.93 pts down at 6,167.4 ...

 Jul 7 2015 - Kuwait- MP Queries Power OutageArab Times
(MENAFN - Arab Times) The National Assembly members will closely monitor the steps that the government will take to cover the State budget deficit, says MP Jamal Al-Omar.According to the lawmaker, he ...

 Jul 7 2015 - Kuwait- MP Presents 'Query' To Minister Issa Regarding Fake CertificatesArab Times
(MENAFN - Arab Times) MP Kamel Al- Awadhi has presented a query to the Minister of Education and Higher Education Dr Bader Al-Issa regarding news item published by New York Times recently which said ...

 Jul 7 2015 - Authorities Flesh Out Details Of Mosque AttackArab Times
(MENAFN - Arab Times) Security authorities in Kuwait have revealed further details about the recent terrorist attack on Imam Al-Sadiq Mosque from the time the Saudi suicide bomber Fahad Al-Qaba'a ...

 Jul 7 2015 - Kuwait- Imams Asked To Explain Danger Of Spreading Rumors To WorshippersArab Times
(MENAFN - Arab Times) Assistant Undersecretary for Mosques Sector at the Ministry of Awqaf and Islamic Affairs Waleed Al-Shuabi has asked the Imams to explain the danger of spreading rumors without ...

 Jul 7 2015 - Kuwait- 'New Medicine For Hepatitis C Found To Be 100 Pc Effective'Arab Times
(MENAFN - Arab Times) The Ministry of Health recently approved the registration of Daclatasvir € a new medication for Hepatitis C, reports Al-Qabas daily quoting sources. Sources confirmed the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help