UAE Furniture And Home Decoration Retail Market Reaches US$ 600 Million

Black Enterprise:

Al Khayyat Investments, a leader in retail franchising in the Middle East, has signed a master franchise agreement to exclusively operate the Guy Degrenne retail outlets in the UAE, Kuwait, Oman, Qatar and Bahrain and one flagship cookery school.

‘We are delighted to announce this exclusive agreement with prestigious global retail brand Guy Degrenne,’ said Ahmed Al Khayyat, Board Member, Al Khayyat Investments. ‘We see huge potential for the furniture and home decoration sector in the region with more than 40,000 residential units being built annually until 2010, just in the UAE. We are confident that Guy Degrenne brand will experience immense success in the region.’

A total of 15 outlets located in major regional shopping malls are due to open in UAE, Qatar, Kuwait, Oman and Bahrain in the next 2 years following the signing.