United Arab Emirates (UAE)’ ARY Jewellers, are optimistic about a 20 percent growth in 2003 with plans to capture a wider customer base by adding Stellamaris watches to their product line, stated a press release.
The Middle East as a watch market accounted for 5.3 percent of the world watch market in 1999 and 2000, reported the Swiss Watch Industry. The UAE and Saudi Arabia are among the top 15 countries in the world to which Swiss watches are exported
“2002 has been a very challenging year for us. However, we have recorded a 14 percent growth for ARY Group and 11 percent for ARY Jewelry. With plans for new product launches over the coming year, we are expecting to achieve a 15 – 20 percent growth in 2003.” explained Director of Fine Jewellery and ARY Jewellers, Naheed Anees.
ARY Jewellers are manufacturers of gold and diamond jewellery. From an enterprise that manufactured and sold gold products, ARY Group has grown into an international network of outlets spanning over the Gulf, UK and Pakistan. Besides designing and manufacturing jewellery ARY Group has an extensive portfolio of services that includes – trading in precious metals; financial services; minting gold bars and coins; gold refining, manufacturing and marketing of gold, silver and diamond jewelry. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
