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Mr. Burel noted that the company has already established a strong presence in the Middle East and the brand is doing well. "Plans are underway to enter the Egyptian market soon," he stated.
Ebel was founded in 1911 in La Chaux de Fonds, Switzerland. In 2004, the company has been acquired by US-based MGI Group, who carries several brands such as Concord, Movado and license brands like Lacoste, Tommy Hilfiger, Coach and Hugo Boss among others.
"Dubai Airport Free Zone is now home to 95 companies dealing in watches, jewellery and precious stones as well as luxury items making up a significant 7% of our total tenants,"
remarked Mohammed bin Suwailem, Sales Director, Dubai Airport Free Zone.
"We are delighted that our tenants are reporting strong business as Dubai Airport Free Zone offers unrivalled attractions as a base for doing business in the prosperous and growing markets of one of the world's most rapidly developing regions," he said.
Established in 1996, the Dubai Airport Free Zone is home to more than 1500 multinational companies from various sectors. With flexible operations processes that meet client demands, the Free Zone makes up a vibrant community of some of the biggest international companies.
Companies at the Free Zone enjoy 100% tax exemption, 100% ownership rights, and easy access to airport facilities, rapid cargo clearance and availability of competitively priced multinational talent in a cosmopolitan city. Leading companies located at the zone include Ferrari, Rolls Royce, Airbus, Isuzu, HTC, Benq, Victoria's Secret, Boeing and LaCie.
Posted by Nadeen El Ajou
