RETAIL
RETAIL
Panchshil Realty,
which built one of
India’s Trump-branded
towers, is one. While it
will complete existing
residential projects, it
won’t take on any new
housing developments,
and instead concentrate
on logistics facilities and
its existing hotel and
office assets.
“The introduction of the
goods and service tax
has meant the advent of
‘One-Nation, One-Tax,’
and this has given a big
impetus to the logistics
sector,” said Prakash
Mirpuri, a spokesman
at Panchshil Realty. “So
far the sector has not
been institutionalized
and this is a promising
opportunity.”
French food
products
gaining traction
in UAE
Source: khaleejtimes
Food and beverage
products from France are
gaining momentum in the
30 |
December 2018
UAE.
French exports to the
UAE represent around
400 million euros in
sales annually and
the leading exports
include beverages
(30 per cent), dairy
products (16 per cent)
and fruits (9 per cent),
according to Business
France, the national
agency supporting
the international
development of the
French economy.
France hosted SIAL Paris,
the world’s largest food
innovation exhibition
that ended on Thursday.
The UAE was once again
an active participant at
the event held every two
years.
This was discussed
between Kamal
Vachani, group
director of Al Maya
Group, and Raja Rabia,
Consul-General of
France in Dubai, who
visited an Al Maya
Supermarket in Dubai.
Vachani said that a
large number of UAE
companies participate
in SIAL, including a
delegation of senior
officials from Al Maya
Group.
Al Maya Group has
over 50 supermarkets
in the GCC countries
in addition to other
businesses.