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
 Jun 25 2016 - Jordan to sign deal with EU for energy projects at USD101.51mnMENAFN
(MENAFN) Jordan will sign a deal with the EU granting the kingdom almost USD101.51mn in order to support renewable energy projects.Furthemore, the grant will fund the second phase of the renewable ...

 Jun 25 2016 - Egypt's rubber exports decline by 29 percentMENAFN
(MENAFN) Egypt's exports of rubber dropped by 29 percent to USD16.5mn in Jan-March period of this year against USD23.08mn of 2015.Accordingly, almost 10 companies captured 99.2 percent of whole ...

 Jun 25 2016 - Qatar Exchange to develop ties with regional univirsitiesMENAFN
(MENAFN) Qatar Exchange will enhance and spread its collaboration with local institutions of higher studies, involving leading univrsities and colleges.Moreover, the collaboration will be by ...

 Jun 24 2016 - Chinese tornado death toll hits 98Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) TOKYO, June 24 (KUNA) -- Death toll of the tornado and hailstorms in east China''s Jiangsu Province has climbed to 98, state-run Xinhua News Agency reported ...

 Jun 24 2016 - UK has voted by 52% to 48% to leave European Union -- BBCKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) LONDON, June 24 (KUNA) -- The UK has voted by 52% to 48% to leave the European Union after 43 years in an historic referendum, acording to the BBC. London and ...

 Jun 24 2016 - Spain heads to fresh parliamentary polls amid political uncertaintyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Hanadi Watfa MADRID, June 24 (KUNA) -- The Spaniards are to go to the polls on June 26 for the second time in less than one year though the political scene ...

 Jun 24 2016 - Kuwait fire fighters work throughout the year including RamadanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Hammad Al-Mutairi KUWAIT, June 24 (KUNA) -- Personnel of the Kuwait Fire Service Directorate (KFSD) work hard throughout the year including the fasting ...

 Jun 24 2016 - Washington hotel lays historic claim to longtime political practice of lobbyingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Photo feature by Ronald Baygents WASHINGTON, June 24 (KUNA) -- Tourists and Washington residents who visit the lobby of the downtown Willard Hotel can find a ...

 Jun 24 2016 - Kuwait- Amiri Diwan Affairs Minister receives former Azhar Uni. headKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 24 (KUNA) -- Minister of the Amiri Diwan Affairs Sheikh Nasser Sabah Al-Ahmad Al-Jaber Al-Sabah received Friday member of Al-Azhar''s supreme ...

 Jun 24 2016 - Tusk: Not a moment for hysterical reactionsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, June 24 (KUNA) -- President of the European Council Donald Tusk, in a first reaction to the Brexit, said on Friday the 27 EU leaders are determined to ...

more...


 





Google

 
 

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