Link December 2018 dec 2018 final2 | Page 30

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.