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Malabar Gold plans Dhs300m UAE growth
- United Arab Emirates: Thursday, June 25 - 2009 at 11:52
MP Shamlal Ahmed, Managing Director, International Operations of India's Malabar Gold has said the group will open its 28th outlet today at the LuLu Hypermarket in Al Ghusais, which to be followed by a number of retail outlets in the different branches of LuLu hypermarkets in the UAE. The group is spending Dhs300m on its retail expansion. In September, the group will open a showroom at Al Khail Mall in Al Quoz in Dubai. 'The worst part of the recession is over and the group has been able to achieve its business targets in the UAE,' Ahmed said.
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StaffThursday, June 25 - 2009 at 11:52 UAE local time (GMT+4)
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