Doha: Malabar Gold and Diamonds, one of the world’s largest gold and diamond retailers, has opened the largest gold and diamond showroom in the Middle East at Hamdan Street in Abu Dhabi — spanning a floor space of 10,000 square feet that showcases over 50,000 pieces of jewellery handcrafted by jewellers from over 10 countries.
The showroom unveils a 30kg gold replica of Sheikh Zayed Grand Mosque, worth Dh3.5m at current price of gold, for people to visit.
Bollywood star Kareena Kapoor Khan leads the star attraction at the showroom to meet and greet thousands of shoppers ahead of Diwali celebrations in the UAE capital.
“Opening of the Middle East’s largest gold and jewellery showroom in Abu Dhabi reaffirms our strong commitment to the UAE and the GCC where we are a partner in the region’s economic growth,” MP Ahammed, Chairman of Malabar Group, said.
“The UAE has remained one of the best performing markets — where sales continued to grow amid varying market dynamics that reaffirmed our commitment to this market. Our continued investment in the UAE market reflects our strong belief in the country’s resilience,” he said.
“The growth story of Malabar Gold and Diamonds will continue regardless of the market situation where ups and downs are part of the business. However, we are here for the long haul and share the UAE government’s vision,” he added.
Of the total, Malabar Gold and Diamonds is investing Dh223m in eight stores in the UAE, Dh100m in five outlets in Saudi Arabia, Dh57m in three outlets in Oman and Dh20m in one outlet in Malaysia.
The Peninsula
