Friday, January 8, 2010

Dubai Shopping Festival To Kick Start From January 28

. Friday, January 8, 2010

By stockOzone team

The Dubai Shopping Festival to be held from January 28 will attract a decent number of Indian customers, as gold, discounts and promotional offers are expected to be the main attractions at the month long fair.

Going by the past events, “We find that Indian customers are interested in buying gold, availing of discounts and promotional offers,” Marketing Head of Dubai Events and Promotions Establishment Mohammad Kamali told reporters here.

“India and GCC are the main markets for us and this year we expect a 10 per cent uptake in Indian visitors,” he said.

Out of the 6,000 retailers showcasing their products, 60 per cent are jewellery retailers, he said. “Indians prefer buying gold because of the new designs and also since many of the gold retailers were connected with some promotional offers or discounts, they could avail of it,” he said.

The 15th edition of the festival is expected to make a turnover of USD 2.67 billion, he said adding that the slump had no impact on the festival.

Disclosure: Author does not own any of the stocks discussed here.

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