Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Malabar Gold enters Bahrain market  Join our daily free Newsletter

MENAFN - Khaleej Times - 10/10/2010

No. of Ratings : 2
Add to Mixx!


(MENAFN - Khaleej Times) Malabar Gold, Indias fastest-growing Jewellery chain, is set to open its first outlet in the Kingdom of Bahrain, and the state-of-the-art, modern outlet will be situated at Gold City Manama.

The investment of the Group in their first outlet here is BD1 million, with a total investment of 25 million being planned in the first phase in Bahrain.

The inauguration of the outlet was done by the Ambassador of Malabar Gold and South Indian film star Padamsree Mohan Lal in the presence of dignitaries from all walks of life.

Malabar Gold, the flagship division of a leading business conglomerate Malabar Group of Companies, headquartered in India with 28 gold retail outlets, has already spread their wings in the Gulf markets through their 13 retail outlets, and one wholesale division based in Dubai Gold souk.

Their first venture in the Gulf was marked with the opening of a wholesale operation in the famous Gold Souk in Dubai in the year 2008. Now the group has 10 retail outlets in the UAE, one in Saudi Arabia and two in Sultanate of Oman. The Group is taking the name to other Gulf markets like Doha and Kuwait very soon

The Groups plan in the Kingdom of Bahrain is multi-faceted. They have plans to add three more retail outlets in different part of Bahrain. Also, they are planning a Jewellery manufacturing unit in the Kingdom, with a wholesale distribution centre.

The Group is relying on the fact there is an established jewellery manufacturing industry in the Kingdom. They may plan their set up in Bahrain to feed their network whole of the Middle East. Also they are foreseeing an opportunity for marketing the Bahraini designs in their home market of India.

The Group is planning to have qualified Bahraini nationals in all the above ventures. As the industry is established in the country, they are confident that they can recruit young Bahraini nationals in all areas of industry including manufacturing and retail sales. The group is in discussion with a local training institute M/s.Baisan Institute of Hospitality and Retail Management to train Bahraini nationals in jewellery designing and retail management.

Malabar Gold is also planning to launch a new brand of jewellery collection highlighting the Arabian heritage. This will add to their already existing collections such as Devine " an Indian heritage collection, Ethnix " hand-crafted Indian jewellery, Era " the uncut diamond jewellery featuring designs from Mugal era, Mine " the diamonds unlimited, and Starlet " an exclusive child-friendly jewellery collection for the little ones.

Along with their International operations, the Group is also expanding in their home market in India. Malabar Gold, which recorded a turnover of more than 1 billion in the previous year, is poised to grow by almost 20 per cent in the current year.

The Group is also planning to take the brand into other international markets such as the Far East, Europe and America in the near future.


  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Sale of Gate Towers penthouses launched ,Khaleej Times
(MENAFN - Khaleej Times) Aldar properties has launched the sale of 21 exclusive duplex penthouse apartments at gate towers the penthouse collection in shams abu dhabi on al reem island. one of ...

Apr 23 2014ADCB profit grows 26% in first quarter ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank?s profit grew 26 per cent in the first quarter of the year to dh1. however net profit rose 22 per cent year-on-year. non-interest income was 24 ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014Saudi- ASUS showcases product series at Aramco Week ,Arab News
(MENAFN - Arab News) Asus described as the world's renowned consumer notebook vendor and producer of the 'world's best-selling motherboards" recently participated in aramco week and showcased a ...

Apr 23 2014Saudi- Five to die for 2003 attacks ,Arab News
(MENAFN - Arab News) A special criminal court on sunday convicted five people of terror related charges and sentenced them to death. thirty-seven others were sentenced to varying prison terms for ...

Apr 23 2014Qatar's Ezdan Holding buys 20 percent stake in Widam Food ,MENAFN
(MENAFN) Qatar-based Ezdan Holding Group said that it acquired a 20.16 percent stake in Widam Food Co. in a bid to promote investments and diversify its portfolio, The Peninsula Qatar ...

Apr 23 2014Kowait: 5938 illegal residents said 'rectified' status ,Arab Times
(MENAFN - Arab Times) Kuwait city april 5 (kuna): up to 5 938 illegal residents have modified their status since formation of the central agency for remedying illegal residents' status in 2011 ...

Apr 23 2014Kowait- 'All must join hands to save youth from strife' ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (kuna): minister of information and minister of state for youth affairs sheikh salman al-sabah said tuesday the youth ministry has completed a study ...


Arab Advisors_11th convergence conf



Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help