Thursday, 22 February 2018 03:05 GMT
img

UAE controls 5.5% of global textile market says CNTAC

(MENAFN - Khaleej Times) The uae controls 5.

these figures were highlighted by midhat m. abu ghazaleh ceo of the abughazaleh trading company (abco). abu ghazaleh said: “the uae is a leading centre for textile industry automation where nearly 150 apparel manufacturing companies operating in the country.”

the report said that the gulf countries are gradually emerging as leading textile manufacturing and trading centres globally and by 2016 the uae is set to become the world’s leading high-end textile and garment re-export centre.

abu ghazaleh added: “the uae has a role to play as a re-export center to diverse markets in middle east africa and parts of asia. local textile companies compete with international brands through the quality of their products and price advantage as well as lower import duties and customs tariffs as these two costs are not borne by local players.”

abco is one of the leading general trading companies in the uae since 1975. it is a wholesale distributor and manufacturer of all types of apparel footwear luggage hand bags and house hold products. the company operates in the gcc countries mena south africa south east asia east europe and russia. one major feature of the uae’s textile industry is the high level of automation using advanced textile machinery of european countries.

— businessئkhaleejtimes.com


UAE controls 5.5% of global textile market says CNTAC

  Most popular stories  

Day | Week | Month