Ithra Dubai, the powerhouse landowner, developer and operator of pioneering mixed-use and community-oriented real estate projects sponsored and participated in the Retail Jeweller India Forum 2020 for the second consecutive year.
Ithra Dubai joined over 200 jewellery retailers, traders and other stakeholders from across the region who participated in this year’s Forum held on February 12, 2020 under the theme: “Sustaining and Scaling Future Business.” Expanding relationships with the region’s retailers, traders for the Dubai market is a key driver of Ithra Dubai’s participation in this year’s forum.
Commenting on Ithra Dubai’s participation, Issam Galadari, Chief Executive Officer and Board member of Ithra Dubai said: “The Gold Industry in the UAE and Dubai in particular is a thriving sector. With the expansion of Deira through the Deira Enrichment Project and the Gold Souk Extension, establishing relationships and extending opportunities for other vendors to enter into the UAE market is of mutual benefit. Continuing to build on the community from a cultural and business perspective relies on the ongoing cultivation of opportunities and expanding platforms to support gold and Jewelry vendors.”
Trade between the UAE and India is expected to surpass USD 100 Billion this year, further cementing the historic trade ties between the two countries.
He added: “Together, the Deira Enrichment Project and the Gold Souk Extension are rejuvenating the heart of Dubai’s oldest commercial quarters, providing a unique shopping experience for both retailers and visitors and sealing the Emirate’s status as the world’s city of gold.”
Sami Eid, Marketing Team Lead at Ithra Dubai gave a presentation to the Forum’s participants on the Gold Souk Extension, detailing opportunities for Indian jewelers to own a “Showroom in the heart of the Middle East Jewelry Industry.”
According to Ithra Dubai, the Forum brings together jewelers and multi-channel manufacturers, allowing them to collaborate and to develop innovative retail solutions in answer to the needs of the jewelry retail business.
Ithra Dubai, wholly owned by the Investment Corporation of Dubai, will start a phased handover of a number plots in Phase 1 of the project as early as Q2 this year.
