Malabar Gold opens its international hub in Dubai

By

Maverick Martins

Published
Mar 24, 2023

Malabar Gold & Diamonds has strengthened its international operations with the opening of its international hub in Dubai Gold Souk in UAE.

The four-storied international headquarters spread over 28,000 square feet will handle its Far East and North American operations which which was earlier done through the company’s Singapore and US offices.

Commenting on the launch, M P Ahammed, chairman of the Malabar Group in a statement said, “The milestone opening of the international hub has taken the company one step closer to its vision of becoming the biggest gold jewellery retailer in the world. Our commitment to the highest standards of quality, precision and customer service has established our position as one of the leading brand names in the industry in less than 30 years.”

Shamlal Ahamed, managing director of international operations at Malabar Gold added, “The elimination of jewellery imports duties following the signing of the landmark UAE-India Cepa (Comprehensive Economic Partnership Agreement) has encouraged the group to expand its footprints to new global markets and strengthen retail presence in existing markets such as the USA.”

Currently, Malabar Gold has a retail network of more than 310 outlets across 10 markets in India, the GCC, the Far East and the USA.