UAE ranks in top ten importers of Swiss timepieces, Ahmed Seddiqi and Sons underscore returning consumer confidence as driving factor
- United Arab Emirates: Sunday, September 02 - 2012 at 12:32
- PRESS RELEASE
According to first half 2012 results released by the Federation of the Swiss Watch Industry FH, the UAE ranks amongst the Top 10 counties importing Swiss watches, translating into a value of 488.8 million Swiss Francs for watch imports alone.
As the leading retailer of luxury timepieces, Ahmed Seddiqi & Sons offer the largest portfolio of Swiss watches including, A. Lange & Söhne, Patek Philippe, Audemars Piguet, and Rolex and remains optimistic about the future of the Middle East's consumer market. Encouraged by the appetite of patrons and growing consumer interest, Ahmed Seddiqi & Sons opened 8 new retail outlets in the first half of 2012 and currently operate 58 outlets across the UAE.
"The UAE's consumer market has witnessed a shift in buying patterns similar to the global market, but it is a positive sign that consumers from both the domestic and overseas market are once again interested in luxury Swiss timepieces. We have seen a steadying of demand and returning of consumer confidence and are pleased to be able to offer one of the largest selections of Swiss timepieces in the region," commented Mr. Mohammed Abdulmagied Seddiqi, VP - Sales & Retail, Ahmed Seddiqi & Sons. "Our mandate remains to surpass the expectation of our customers and we are confident that through the introduction of new brands, limited editions and established favourites, we will continue to attract watch enthusiasts and fashion forward customers. The results that have been shared by the Federation of the Swiss Watch Industry FH are a testament to the popularity of Swiss watches in the UAE and we look forward to sharing our extensive range of timepieces with customers."
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