Post by : Badri Ariffin

Dubai: His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, convened today with Nicolas Bos, Group Chief Executive Officer of Richemont, a leading luxury goods powerhouse.

The discussions emphasized the UAE's dedication to forging strategic alliances with international firms that bolster high-value economic sectors. Key topics included Dubai's supportive business climate, state-of-the-art infrastructure, and its position as a globally integrated market, factors that continually draw esteemed luxury brands exploring opportunities in the region.

Both parties examined avenues to enhance collaboration between Dubai and Richemont, capitalizing on the city’s thriving luxury goods scene and its growing significance as an innovation, trade, and investment hub. The luxury sector is pivotal in fulfilling the objectives of the Dubai Economic Agenda D33, which aspires to rank Dubai among the world’s top three urban economies and boost foreign trade to AED25.6 trillion by 2033.

Attendees included His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; His Excellency Helal Almarri, Director General of the Dubai Department of Economy and Tourism; His Excellency Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group; and His Excellency Mohammed Al Zarooni, Executive Chairman of the Dubai Integrated Economic Zones Authority (DIEZ).

Founded in 1988, Richemont is a Swiss luxury goods group, boasting an extensive array of prestigious brands in jewellery, watches, fashion, and accessories. Its portfolio includes distinguished names like Cartier, Van Cleef & Arpels, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Montblanc, Chloé, and Dunhill.

Richemont operates over 2,400 standalone boutiques around the globe and employs more than 40,000 individuals across 150+ locations worldwide. For the fiscal year ending 31 March 2025, the Group reported a sales figure of €21.4 billion. Its regional headquarters for the Middle East, India, and Africa is situated in the Dubai Airport Free Zone.

#Global News