UAE has created world-class infrastructure for B2C business, says Kim Ki Tae, President RYN, Korea

Published July 24th, 2010 - 08:04 GMT

Kim, Ki Tae, President of RYN Korea, the world's leading manufacturer of functional shoes, has hailed Dubai as a gateway to access the regional markets in the Middle East.

Speaking during his first visit to the UAE, Mr. Kim said, "Dubai has all the essentials to grow as a retail hub for consumer goods, being surrounded by fast growing markets of the Subcontinent and Africa. We look at the UAE as one of the most promising markets for our products."

"The UAE has succeeded in developing a world-class infrastructure for B2C businesses to grow which is critical for global brands to strengthen their position in this market and fully exploit the potential to reach out to neighboring countries."

According to Dubai World Trade Center statistics, Dubai sees over $17 billion domestic imports annually and it is a gateway to a $150 billion regional import market with a catchment population of 1.4 billion.

"We use UAE as a gateway to expand our footprint to the entire Middle East region. The functional shoe business is well developed in the world and we foresee high growth potential in the UAE five years from now. We are focusing on the rapidly growing functional shoe industry in the Middle East through Dubai. We are pleased by the response our products are getting in the market." 


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