Dubai, UAE; February 12, 2020: 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.
About Ithra Dubai:
Ithra Dubai LLC, wholly owned by Investment Corporation of Dubai (ICD), develops and manages a large portfolio of pioneering real estate projects in Dubai and in key international markets.
Its rich portfolio of projects is designed to embrace diversity, shape happy communities, and bring prosperity to many. Ithra Dubai aims at delivering mixed-used developments on an ambitious scale, which incorporate world-class retail, commercial, residential, and leisure concepts.
For more information about Ithra Dubai, please visit www.ithradubai.com
About the Deira Enrichment Project and the Gold Souk Extension:
Deira is the vibrant cornerstone of Dubai’s trading legacy and a place rich in culture and overflowing with history.
From the waterfront apartments overlooking The Creek, to an extension of the Deira Souk, the development will create a bustling hub of life that will add to the already rich tapestry woven by communities past and present. It will become a place in which people realize their potential and find the true meaning of home.
Covering 684,790 ft2, the new Gold Souk Extension will host approximately 176 retail units and 225 offices, in addition to 289 high quality residences. It is expected to be completed in the first quarter of 2020.
For more information about Ithra Dubai, please visit www.deiraenrichmentproject.com
About Retail Jeweller India Forum 2020:
Launched in 2015 in Mumbai, Retail Jeweller India Forum is the only jewellery retailer platform offering deep insights into jewellery retail solutions in India. The Forum brings together more than 200 jewellery retailers, stakeholders and prominent speakers from around the world hailing from different industries that include marketing, finance, retail and manufacturing.
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