Damas Plans Further Expansion in Retail and Manufacturing
May 21, 08
Dubai-based jewelry retailer Damas announced plans to expand its manufacturing capabilities to support its growing regional expansion. Manufacturing will be established in areas where it already has a retail presence.
According to Deputy Managing Director Mohammad Tamjid Abdullah, Damas will set up factories in
It currently has a fabrication plants in a number of Arab countries, one of them in the Dubai Multi Commodities Centre (DMCC), and recently invested in a plant in
Damas, established in 1907, is a family owned business with nearly 400 stores in the UK, Italy, Libya, Turkey, Egypt, Sudan, Jordan, Maldives, India, Lebanon and throughout the Arab Gulf countries.