Ever since the first Public Joint Stock Company, Marka focused in the Retail of UAE, it has fascinated and amazed the customers and people. Well, some good news for the people of Dubai and UAE then as Marka has decided to open new strategic sectors in Dubai and Abu Dhabi. It is also considering all options to open new retail outlets in UAE. The urban lifestyle of UAE has helped it to grow and surge more in short time.
The company said it will soon inaugurate its first retail and food and beverage outlets. Jamal Al Hai, Chairman of Marka, said: “In spite of the severe shortage of space in shopping malls and other commercial districts that enjoy healthy customer traffic, Marka has successfully secured locations in premium retail locations in Abu Dhabi and Dubai. In addition, we are also in the advanced stages of contract negotiations for several additional strategic locations.”
The new outlets will be located in strategic retail destinations including Yas Mall in Abu Dhabi, Meeras Holding’s The Beach, and the newly opening Galleria Mall in Dubai.
Since incorporating in June, Marka has established a management team with proven international retail experience in managing fashion, hospitality and luxury brands, under the leadership of the recently appointed Chief Executive Officer, Nick Peel.
Marka is pursuing an ambitious growth strategy with a balanced combination of acquisitions, franchise agreements with leading brands, as well as developing unique retail concepts with globally renowned partners.
Marka was the DFM’s first retail focused IPO, offering investors the opportunity to benefit from one of the strongest and fastest growing sectors in the UAE. The Company will begin trading on the Dubai Financial Market (DFM) in September.
Marka was the retail focused IPO in which investors can rely on. Retail is fastly growing and the consumer base is also increasing with people coming from different area and culture in UAE. Dubai and Abu Dhabi has now become one of the financial centers of the World and that has helped the market to surge.
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